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BIS ChiefFears from a “Systemic Threat” Of Cryptocurrencies

BIS ChiefWorries about a "Systemic Threat" Of Bitcoin,

BIS ChiefFears from a "Systemic Threat" Of Bitcoin, Prompts "Pre-emptive Action" From Federal government "If authorities do not act pre-emptively, cryptocurrencies could become more interconnected with the main financial system and become a threat… " The general manager of the Bank for International Settlements (BIS) has slaged off bitcoin as a "combination of a bubble, a Ponzi scheme and an environmental disaster."   Augustin Carstens asked Tuesday the sustainability of bitcoin and other cryptocurrencies and advocated law enforcement had a obligation to clamp down on the payment technology

 

 

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  1. http://jfame.com/blogs/17661/85752
  2. http://jfame.com/blogs/17661/85748
  3. http://jfame.com/blogs/17661/85747