BIS chief Agustin Carstens has said that central banks are wary about issuing digital currencies due to the “huge operational consequences.”
Cryptocurrencies Pose Risks to Banks, Warns Basel Committee
The Basel Committee on Banking Supervision has warned that the growth of cryptocurrencies poses a number of risks to banks.
Bitcoin’s Proof-of-Work Algorithm Needs Replacing, Argues BIS Study
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.
Regulation News Moves Bitcoin Prices, BIS Report Says
A new report from the Bank of International Settlements (BIS) contends that bitcoin markets are swayed by news events related to regulation.
Muh Monopoly! How a Banker’s Talk Sparked All Kinds of Crypto Mockery
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.
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.
Halt the Internet? BIS Report Critiques Blockchain and DLT Claims
The Bank of International Settlements harshly reviewed the idea of cryptocurrencies, though it was more accepting of the idea of distributed ledgers.
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.
Europe’s Central Bank Touts Crypto As Underbanked Aid
A new opinion piece from European Central Bank officials discusses the important role a central bank-backed cryptocurrency could play in society.
Central Bank Digital Currencies Could Fuel Bank Runs, BIS Says
A central bank-issued digital currency could fuel faster bank runs during periods of financial stability, the BIS said Monday.