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BIS Targets Crypto Again: Further Destabilizing Financial Stability

The Financial Stability Advisory Board, linked to BIS, has released a report casting cryptocurrencies in a negative light, stating that they undermine financial stability, particularly in developing nations with high inflation rates.
Gideon Wolf -

What Did BIS Say About Cryptocurrencies in the World’s Top 20 Economies?

The Bank for International Settlements (BIS) has presented a report to G20 member countries stating that cryptocurrencies are not suitable for use as a monetary instrument. The report emphasizes the structural problems of cryptocurrencies and the importance of Central Bank Digital Currencies (CBDCs).
Gideon Wolf -

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