Bank of International Settlements to Publish New Crypto Research
The Bank of International Settlements intends to publish two cryptocurrency-focused chapters of its annual report this weekend.
Bank of International Settlements
The working group will pool research into CBDCs.
The proof-of-work algorithm used by bitcoin and some other cryptos is not viable in the long term, argues a Bank of International Settlements study.
China is taking a great leap forward to develop a central bank digital currency, with more than 80 patents filed by the People’s Bank last week.
The head of the Bank of International Settlements briefly became the butt of crypto Twitter trolling last week after issuing new comments on the tech.
The Bank of International Settlements harshly reviewed the idea of cryptocurrencies, though it was more accepting of the idea of distributed ledgers.
