Central Banks See ‘No Value’ in Issuing Digital Currency: BIS Chief
BIS chief Agustin Carstens has said that central banks are wary about issuing digital currencies due to the "huge operational consequences."
An economist at the Bank for International Settlements has come out in favor of building regulation into blockchain-based financial markets.
The Libra Association is to be grilled by 26 central banks over the perceived risks to financial stability posed by the crypto project.
Stablecoins pose a money laundering and terrorist financing risk to the world, the FATF said Friday.
The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies.
The Bank for International Settlements has expressed concerns over the expected disruption as big tech firms like Facebook enter the financial space.