Tag Archives: BIS {general mana

BIS ChiefWorries about a “Systemic Threat” Of Bitcoin

BIS ChiefFears from a "Systemic Threat" Of Cryptocurrencies,

BIS general managerWarns Against a "Systemic Threat" Of Cryptocurrencies, Urges "Pre-emptive Action" From Police "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 trasedh bitcoin as a "combination of a bubble, a Ponzi scheme and an environmental disaster."   Augustin Carstens inquired Tuesday the sustainability of bitcoin and other cryptocurrencies and suggested authorities had a responsibility to clamp down on the monetary system



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