Tagged: bank for international settlements

Bank for International Settlements Says Cryptocurrencies “Within Reach of National Regulation”

Rhetoric regarding cryptocurrencies is somewhat more moderate in a recent report from the Bank for International Settlements (BIS), which finds that cryptocurrencies, in fact, “rely on regulated financial institutions to operate, bringing cryptocurrencies within reach of national regulation.” The BIS regulates and holds capital on behalf… Read More

Lauded Economist and Central Banker Agustín Carstens Urges Trade Cooperation, Calls Cryptos “Psuedocurrencies”

Money, “brings the best out of every individual..(and) makes the machinery work…” says famed Mexican economist and General Manager of the Bank for International Settlements (BIS), Agustín Carstens, but “the system is fragile” to interest rate and trade gyrations, and young people must stop printing from nothing in… Read More

Bank for International Settlements Calls Bitcoin Mining an “Environmental Disaster,” Hammers Crypto as Fragile & Lacking Trust

The Bank of International Settlements (BIS) is out with a report on cryptocurrencies that hammers the new technology. Created in 1930, a time of profound economic uncertainty, BIS serves central banks by promoting financial stability and cooperation. The BIS is actually owned by 60 central banks,… Read More

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