Basel Committee warns banks on crypto assets

Basel Committee warns banks on crypto assets

The Basel Committee has warned that crypto assets are a threat to global financial stability and advised banks to deal with them at their own risk. The report comes down heavily on the sector, claiming that cryptocurrencies are not an adequate store of value or a medium of exchange as they do not perform the traditional functions of money.

Fareem
Fareem
Rick Smith
Rick Smith 1 year

Isn't that the fucking point?

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