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BIS general managerFears from a “Systemic Threat” Of Cryptocurrencies

BIS general managerWarns Against a “Systemic Threat” Of Cryptocurrencies,

BIS ChiefFears from a “Systemic Threat” Of Bitcoin, Prompts “Pre-emptive regulation” From Authorities “If authorities do not act pre-emptively, cryptocurrencies could become more interconnected with the main financial system and become a threat… ” The Chief of the Bank for International Settlements (BIS) has trasedh bitcoin as a “combination of a bubble, a Ponzi scheme and an environmental disaster.”   Augustin Carstens questioned Tuesday the sustainability of bitcoin and other cryptocurrencies and recommended authorities had a obligation to clamp down on the monetary system



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  1. http://jfame.com/blogs/17661/85752
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