2021-3-24 17:40 |
Cryptocurrencies are failing to work as money, according to BIS boss Agust
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The Bank of International Settlements (BIS) has issued a new report, outlining that cryptocurrencies, at the given moment, do not pose a global financial stability risk, directly contradicting previous statements made earlier this year by this ‘central bank of central banks.
2018-9-24 22:00 | |
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BIS Whales Reveal Their True Thinking In a strongly-worded statement, the Bank of International Settlements (BIS) head Agustin Carstens has said that young people must “stop trying to create money. ” Carstens said that cryptocurrencies are “ponzi scheme[s]” destined to “fail dramatically.
2018-7-9 21:05 | |
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The Bank for International Settlements is not a fan of cryptocurrencies, and it hasn’t shied away from expressing its view. Having released a scathing report on why cryptos are a poor substitute for the institutional backing of money less than two weeks ago, the bank’s general manager was at it again, this time calling cryptos […]
2018-7-7 23:00 | |
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The General Manager of the Bank of International Settlements (BIS) expressed a dystopian ending for cryptocurrencies — arguing that “creating money from nothing” has “never worked." The post BIS Chief on Cryptocurrency: “Stop Trying to Create Money” appeared first on CryptoSlate.
2018-7-7 05:00 | |
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Blockchain may have useful applications in other sectors but making money is not one of them, according to the Bank of International Settlement General manager Agustín Carstens.
2018-7-5 20:10 | |
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Cryptocurrencies are investment asset and can not perform the function of money, as they can not be considered a good means of payment, a unit of account or a means of saving.
2018-7-6 19:44 | |
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The general manager of the Bank of International Settlements (BIS) Agustin Carstens has renewed the institution’s attacks on cryptocurrency, calling them “a bubble, a Ponzi scheme and an environmental disaster.
2018-7-5 17:00 | |
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The Bank of England has warned U. K. lenders to study cryptocurrencies before doing business in the space. In a letter sent out to the financial institutions in the country yesterday, the Bank of England Deputy Governor Sam Woods warned financial companies to take appropriate steps to protect themselves against "exposure to crypto-assets" which he believes are susceptible to "fraud and manipulation, as well as money-laundering and terrorist financing risks.
2018-6-29 18:17 | |
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Recently, a Bank for International Settlements Analysis criticized several features of crypto coins and assets, making them unfit for widespread adoption.
2018-6-29 08:34 | |
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The Bank for International Settlements’ (BIS) economic adviser and head of research Hyun Song Shin has said that cryptocurrencies should be treated the same as stocks and bonds, Business Times reported June 25.
2018-6-26 06:52 | |
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The Bank for International Settlements’ economic adviser Hyun Song Shin says that digital currencies should be considered securities
2018-6-26 05:07 | |
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This week, leading South Korean crypto exchange Bithumb experienced a major hack, while Mt Gox, the most notorious exchange to be hacked in bitcoin history, is also back in the news.
2018-6-24 20:05 | |
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The Bank for International Settlements (BIS) dedicated a full chapter to cryptocurrencies in its 2018 Annual Economic report prerelease. The report concluded that design flaws and cumbersome cost of establishing decentralized trust make cryptocurrencies fail as a viable money substitute.
2018-6-22 21:43 | |
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Earlier this week, the Bank of International Settlements (BIS) in Switzerland issued a new document as part of its annual economic report that warns citizens of the dangers of digital currencies.
2018-6-20 22:29 | |
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The Bank of International Settlements (BIS) has leased a chapter from its forthcoming annual report that delivers a critical appraisal of bitcoin and cryptocurrency. The report attacks virtual currencies from several main standpoints: claiming that cryptocurrencies do not effectively perform monetary functions due to price volatility, that the retail adoption of blockchain-based payment mechanisms would […] The post Retail Adoption of Crypto Would “Bring the Internet to a Halt” – BIS Report appeared first on Bitcoin News.
2018-6-20 11:20 | |
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CNBC Fast Money’s Brian Kelly, responding to the release of the BIS’ annual report, on Monday said that The Bank for International Settlements [BIS] and other banks are the middlemen that cryptocurrencies like Bitcoin seek to do away with.
2018-6-20 07:18 | |
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Over the past few days, media outlets have taken it in turns to report on a recent assessment published by the Bank of International Settlements (BIS) on Sunday. Titled as “Cryptocurrencies: looking beyond the hype” and running to 24-pages, the BIS report argues that cryptocurrency would make a poor substitute for fiat currency, highlighting problems with instability; a […] The post BIS Crypto Report Undermines Itself. Not Cryptocurrency. appeared first on Crypto Briefing.
2018-6-20 18:39 | |
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The Annual Economic Report of the Bank of International Settlements [BIS] is titled “Cryptocurrencies: Looking beyond the hype”. The report is an analysis of the problems that cryptocurrencies promise to solve but actually fall short on.
2018-6-19 04:01 | |
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There are plenty of different opinions on cryptocurrencies. It is difficult to find the true metric to determine their success. According to the Bank of International Settlements (BIS), there isn’t any real growth.
2018-6-19 22:00 | |
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The Bank for International Settlements' most recent report asserts that cryptocurrencies could overburden the internet's infrastructure, but there's a little more to this than meets the eye.
2018-6-19 18:26 | |
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В своём последнем докладе финансовое учреждение «Банк международных расчётов», управляемое центральными банками мира, поставило под сомнение способность криптовалют реализовать заявляемый потенциал.
2018-6-18 14:40 | |
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The Bank for International Settlements (BIS), a global “bank for central banks” based in Basel, Switzerland, has once more declared that cryptocurrencies are not only “not ready for prime time,” but could also “bring the Internet to a halt.
2018-6-18 14:00 | |
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This week, the Bank of International Settlements (BIS), a membership group of over 60 of the worlds central banks, based in Switzerland have recently published a report that explores cryptocurrencies from both a financial and sociological/cultural perspective.
2018-6-18 13:30 | |
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In their latest Annual Economic Report, The Bank for International Settlements (BIS) has spoken out against cryptocurrencies, arguing that, ‘...beyond the hype, it is hard to identify a specific economic problem which they currently solve&rs
2018-6-18 13:25 | |
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В своем последнем докладе финансовое учреждение, управляемое центральными банками мира, поставило под сомнение способность криптовалют реализовать заявляемый потенциал, пишет CoinDesk. В опубликованном в воскресенье отчете Cryptocurrencies: looking beyond the hype Банк международных расчетов (BIS) объясняет историю технологии и анализирует, действительно ли она может создать не требующую доверию форму денег.
2018-6-18 12:22 | |
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В своем последнем докладе финансовое учреждение, управляемое центральными банками мира, поставило под сомнение способность криптовалют реализовать заявляемый потенциал, пишет CoinDesk. В опубликованном в воскресенье отчете Cryptocurrencies: looking beyond the hype Банк международных расчетов (BIS) объясняет историю технологии и анализирует, действительно ли она может создать не требующую доверия форму денег.
2018-6-18 11:46 | |
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The Bank of International Settlements harshly reviewed the idea of cryptocurrencies, though it was more accepting of the idea of distributed ledgers.
2018-6-18 10:00 | |
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It cited the decentralized nature of cryptocurrencies — Bitcoin and its imitators are created, transacted, and accounted for on a distributed network of computers — as a fundamental flaw rather than a key strength.
2018-6-18 07:30 | |
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They are also actively testing the distributed ledger technology underlying cryptocurrencies – not as a substitute for the current system, but to build on it.” The BIS general manager concludes that “Even in this digital age, trust in the issuing institution matters and will continue to underpin currencies. Central banks, for their part, will have
2018-6-17 00:21 | |
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