BIS provides CBDCs a thumbs up, crypto the center finger in studies to G20 ministers

In preparation for a gathering of the G20 finance ministers and central financial institution governors this month, the Financial institution for Worldwide Settlements Innovation Hub (BISIH) submitted two studies — on cryptocurrency and central financial institution digital currencies (CBDCs) — on July 11. The studies reached very completely different conclusions in regards to the associated applied sciences.

The BISIH report on crypto is the shorter of the 2 publications at 24 pages. It offered a brief overview of the crypto ecosystem of cryptocurrencies, stablecoins and decentralized finance (DeFi), adopted by a laundry checklist of “[s]tructural flaws and dangers.”

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