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3232BIS Economists Recommend 3 Crypto Policies for Regulators Worldwide to Adopt
https://www.digit.info/bis-economists-recommend-3-crypto-policies-for-regulators-worldwide-to-adopt/
Wed, 18 Jan 2023 02:30:09 +0000https://www.digit.info/2023/01/18/bis-economists-recommend-3-crypto-policies-for-regulators-worldwide-to-adopt/Read more]]>Economists at the Bank of International Settlements (BIS) have recommended three policies regulators worldwide could adopt in order to deal with the risks posed by cryptocurrencies. “Authorities can now consider a variety of policy approaches and at the same time work to improve the existing monetary system in the public interest,” they advised. BIS Economists […]
]]>BIS Economist Recommends ‘Technology-Neutral’ Crypto Regulation, Low-Cost Supervision of Decentralized Markets
https://www.digit.info/bis-economist-recommends-technology-neutral-crypto-regulation-low-cost-supervision-of-decentralized-markets/
Fri, 02 Jul 2021 18:00:25 +0000https://www.digit.info/2021/07/02/bis-economist-recommends-technology-neutral-crypto-regulation-low-cost-supervision-of-decentralized-markets/Read more]]>An economist with the Bank of International Settlements has found that cryptocurrencies are not sought as an alternative to fiat currencies or regulated finance, therefore a “technology-neutral regulation to this asset class” is recommended. The economist discussed “embedded supervision,” adding that “The main aim is low-cost supervision of decentralized markets.” BIS Economist Suggests Regulatory Approach […]
]]>BIS: Cryptocurrencies Are Often Used in Financial Crimes, Money Laundering, Ransomware Attacks
https://www.digit.info/bis-cryptocurrencies-are-often-used-in-financial-crimes-money-laundering-ransomware-attacks/
Thu, 24 Jun 2021 03:00:33 +0000https://www.digit.info/2021/06/24/bis-cryptocurrencies-are-often-used-in-financial-crimes-money-laundering-ransomware-attacks/Read more]]>The Bank of International Settlements (BIS) says that it is now clear that cryptocurrencies are not money but speculative assets, emphasizing that in many cases they are used “to facilitate money laundering, ransomware attacks, and other financial crimes.” BIS Criticizes Cryptocurrencies, Bitcoin The Bank of International Settlements published its annual economic report Wednesday, discussing cryptocurrencies, […]
]]>BIS Official Insists Bitcoin Fails Means of Payment Test, Calls El Salvador’s BTC Law ‘Interesting Experiment’
https://www.digit.info/bis-official-insists-bitcoin-fails-means-of-payment-test-calls-el-salvadors-btc-law-interesting-experiment/
Fri, 11 Jun 2021 17:00:28 +0000https://www.digit.info/2021/06/11/bis-official-insists-bitcoin-fails-means-of-payment-test-calls-el-salvadors-btc-law-interesting-experiment/Read more]]>An official at the Bank for International Settlements (BIS) and former member of the executive board of the European Central Bank (ECB), Benoit Coeure, insists that bitcoin has not passed the test of being a means of payment. He calls El Salvador’s move to make the cryptocurrency legal tender “an interesting experiment.” BIS Official Doubts […]
Economists at the Bank of International Settlements (BIS) have recommended three policies regulators worldwide could adopt in order to deal with the risks posed by cryptocurrencies. “Authorities can now consider a variety of policy approaches and at the same time work to improve the existing monetary system in the public interest,” they advised. BIS Economists […]
An economist with the Bank of International Settlements has found that cryptocurrencies are not sought as an alternative to fiat currencies or regulated finance, therefore a “technology-neutral regulation to this asset class” is recommended. The economist discussed “embedded supervision,” adding that “The main aim is low-cost supervision of decentralized markets.” BIS Economist Suggests Regulatory Approach […]
The Bank of International Settlements (BIS) says that it is now clear that cryptocurrencies are not money but speculative assets, emphasizing that in many cases they are used “to facilitate money laundering, ransomware attacks, and other financial crimes.” BIS Criticizes Cryptocurrencies, Bitcoin The Bank of International Settlements published its annual economic report Wednesday, discussing cryptocurrencies, […]
An official at the Bank for International Settlements (BIS) and former member of the executive board of the European Central Bank (ECB), Benoit Coeure, insists that bitcoin has not passed the test of being a means of payment. He calls El Salvador’s move to make the cryptocurrency legal tender “an interesting experiment.” BIS Official Doubts […]