BIS Head Finally Admits Cryptocurrency’s Technology is Changing the Face of Global Finance

2019-6-7 17:17

During a keynote address given by Agustin Carstens at Goethe University last year, the BIS Head went on record to state that Bitcoin is a “Ponzi scheme” that will eventually implode and leave a lot of its investors in the dark.

Additionally, he has also been quoted as saying in the past that digital assets […].

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head bis leave lot investors implode scheme

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The head of the Bank for International Settlements (BIS) continued the institution’s critical stance on cryptocurrency, saying it “cannot assume the functions of money,” BIS reports July 4.

The head of the Bank for International Settlements (BIS) continued the institution’s critical stance on cryptocurrency, saying it “cannot assume the functions of money,” BIS reports July 4. Speaking to Swiss newspaper Basler Zeitung last week, subsequently published by BIS itself, general manager Agustin Carstens cautioned “young people” against “trying to create money,” drawing comparisons

2018-7-5 16:55


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