The Bank for International Settlements (BIS), which serves central banks in their efforts to promote monetary and financial stability, claims permissionless cryptocurrencies are not suited to serve as the basis of a monetary system, although the bank acknowledges there are niche areas where cryptocurrency can provide improved efficiencies.
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The bank also acknowledges the possibility of central bank issued digital currencies, which several central banks are presently exploring...Click here to know the details story
AUTHOR
Lester Coleman
