Bank for International Settlements – Page 2

South Korea Central Bank Says CBDCs Will Disrupt Financial Integrity

South Korea Central Bank Says CBDCs Will Disrupt Financial Integrity South Korea’s central bank has warned that adopting a state-backed cryptocurrency as an official form of legal tender would threaten the country’s financial integrity. In a report, the Bank of Korea (BoK) said such a currency, also known as a central bank digital currency (CBDC), could result in a spike in interest rates and a […]

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The Daily: Bittrex Invades Europe and Blockchain Gets Raunchy

Bitcoin in Brief: Bittrex Invades Europe and Blockchain Gets Raunchy From the sublime to the smutty, today’s Bitcoin in Brief runs the full gamut of emotions and stories. These include Bittrex’s new foray into Europe, EOS’ quest to offload its billion-dollar warchest and Jackson Palmer’s viral new project, 50 Shades of Blockchain. Also read: Switzerland Considers Granting Crypto Businesses Access to Banking Services Bittrex Teams Up […]

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Only a Third of the Richest Informed on Bitcoin

Only a Third of the Richest Informed on Bitcoin Despite seeing their investment return above 20% in 2017 for two consecutive years, the richest people in the world say they are not fully satisfied with their asset managers and want to learn more about crypto. Also read: At Least $20 Billion in Crypto Investment Awaits Custody Streamlining, Approval Only a Third of the Richest Were […]

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Bitcoin Is a Poor Substitute for the Institutional Backing of Money: Report

Cryptocurrencies come with poor efficiency and consume too much energy. They also lack the ability to scale and meet demand, and are too volatile for retail use. These are just a few of the reasons given in a new report as to why cryptos are “a poor substitute for the solid institutional backing of money.” […]

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World’s Central Bank: Crypto Could Risk Bank Runs

World’s Central Bank: Crypto Could Risk Bank Runs How 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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Bank for International Settlements Demands More Global Cryptocurrency Regulation

TheMerkle Bank for International Settlements Regulation

The increase in the popularity of all cryptocurrencies has not gone by unnoticed. In fact, we’ve seen a lot more opposition from banks and governments in this regard, and it seems this “crackdown” will not relent anytime soon. Most recently, the Bank for International Settlements stated that it wants authorities to prepare additional regulations to curb the spread of cryptocurrencies. It’s a rather interesting statement, although it is evident that regulating this industry will only get people so far. The Bank for International Settlements Doesn’t Like Cryptocurrency It is no secret that financial institutions have no love lost for any form

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