Agustin Carstens, who has previously criticized stablecoins, said they do not benefit from the regulatory requirements and protections that apply to bank deposits.
BIS Chief Blasts Bitcoin’s Viability, Prompting Blowback From Advocates
Bitcoin maximalists cried foul at the central banker’s prognostications.
Major Meeting of Central Banks Produces Same Old ‘Evaluating’ CBDCs Refrain
CBDCs continue to draw attention from central bankers, but panelists at an IMF event – including the Fed Reserve – do not expect to see their nations launch one soon.
BIS Chief: Central Banks May Issue Digital Currencies ‘Sooner Than We Think’
The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies.
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.”
BIS Chief to Crypto Coders: ‘Stop Trying to Create Money’
Agustín Carstens, general manager of the Bank for International Settlements, made strong comments again on cryptocurrency.