The Bank for International Settlements (BIS), the world’s central bank to central bankers, is suggesting state-backed crypto might destabilize commercial banks’ customer deposits, negatively impacting the “efficiency of financial intermediation.”
“while perhaps intended as an alternative payment system with no government involvement, it has become a combination of a bubble, a Ponzi scheme, and an environmental disaster.” -General Manager of Bank for International Settlements (BIS)
THEY WERE WARNED MY FRIENDS, NOW IT'S TOO LATE.
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https://news.bitcoin.com/worlds-central-bank-crypto-could-risk-bank-runs/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications