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.

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).

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