The Bank of International Settlements harshly reviewed the idea of cryptocurrencies, though it was more accepting of the idea of distributed ledgers.
The Bank of International Settlements intends to publish two cryptocurrency-focused chapters of its annual report this weekend.
A central bank-issued digital currency could fuel faster bank runs during periods of financial instability, the BIS said Monday.
Distributed ledgers could help update aging central banking systems, says a new report, but issuing cryptocurrencies will be a more complex affair.
The Bank for International Settlements (BIS) has released a new report on blockchains and distributed ledgers.