World’s Central Bank: Crypto Could Risk Bank Runs

World’s Central Bank: Crypto Could Risk Bank RunsHow many central banks are actually considering their own version of cryptocurrency is unclear, Russia and Venezuela being the most infamous examples. To perhaps ward off serious consideration from more established economies, the Bank for International Settlements (BIS), the world’s central bank to central bankers, is suggesting state-backed crypto might destabilize commercial banks’ customer deposits, […]

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