.BIS_org claims that warnings about the fragility of the crypto ecosystem have materialized
that numerous warnings about the pitfalls of cryptocurrency investing were not unfounded after the recent cryptocurrency crash.
Its report claims that digital assets are still facing structural problems following the downfall of the Terra ecosystem. The BIS also mentions the recent Bitcoin price crash. The BIS has underscored the necessity of developing central bank digital currencies. Roughly 90% of governments are exploring CBDCs, according to the report.
Agustín Carstens, the Mexican economist at the helm of the BIS, has forecasted that international standards for CBDCs will be developed within the next few years. Last July, the BIS called for global cooperation between central banks in order to make sure that their digital currencies are interoperable.
Carstens has been rather critical of Bitcoin in the past, describing it as an"environmental disaster" due to the cryptocurrency's high energy consumption.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
CBDCs, Not Crypto, Will Be Cornerstone of Future Monetary System, BIS SaysA 42-page chapter in the Bank for International Settlements’ 2022 Annual Economic Report envisions a future where programmability and tokenization are built on top of central bank digital currencies.
Weiterlesen »
Shiba Inu: Revenue Out of Crypto Space Good Idea, Says SHIB DeveloperICYMI: Shytoshi Kusama speaks on the essence of 'partnershibs' for ShibaInu SHIB $SHIB SHIBArmy
Weiterlesen »
Dogecoin Co-Founder Says Crypto Is House of CardsThe Australian entrepreneur claims that some cards have already started to tumble, referring to the downfall of prominent cryptocurrency companies
Weiterlesen »
Crypto Industry Is Still 'Embryonic,' WEF Finance Lead SaysCrypto's presence at this year's World Economic Forum annual meeting 'is a story of industry maturation,' WEF future of finance head Matthew Blake told nikhileshde in this week's State of Crypto newsletter.
Weiterlesen »
Crypto lending platform Celsius says it'll 'take time' to stabilize its liquidityA week after freezing withdrawals, embattled crypto lending platform Celsius Networks said Sunday that that it will “take time” to stabilize its liquidity and operations.
Weiterlesen »
Bill Gates Says NFTs and Crypto Are ‘100%’ Based on Greater Fool TheoryThe Microsoft co-founder said that people bought cryptocurrencies and NFTs based on the idea that, no matter its price, it could be sold for higher because “somebody’s going to pay more for it than I do.”
Weiterlesen »