Stablecoins pose a money laundering and terrorist financing risk to the world, the FATF said Friday.
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.
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.
BIS chief Agustin Carstens has said that central banks are wary about issuing digital currencies due to the "huge operational consequences."
The Basel Committee on Banking Supervision has warned that the growth of cryptocurrencies poses a number of risks to banks.
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.
A new report from the Bank of International Settlements (BIS) contends that bitcoin markets are swayed by news events related to regulation.
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.