BIS fears Central Banks may lose relevance to private cryptos

BIS fears Central Banks may lose relevance to private cryptos

Agustin Carstens, head of the Bank of International Settlements (BIS), belived central banks cannot concede their roles as gatekeepers of the global financial system to private cryptos. Carstens likened virtual currency projects to ’gleaming skyscrapers’ while calling central banks the providers of trust in the global financial infrastructure.

Simone
Simone
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