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From "Ponzi" To "We're Working On It" - BIS Chief Reverses Stance On Crypto
07-02-2019, 02:00 PM,
#1
From "Ponzi" To "We're Working On It" - BIS Chief Reverses Stance On Crypto
From "Ponzi" To "We're Working On It" - BIS Chief Reverses Stance On Crypto

The head of the Bank of International Settlements (BIS) has appeared to U-turn on issuing digital currencies after a fresh interview with the Financial Times on June 30. Speaking to the publication, BIS chief Augustin Carstens actively endorsed the creation and issuance of digital versions of national fiat currencies. “Many central banks are working on it; we are working on it, supporting them,” he said.“And it might be that it is sooner than we think that there is a market and we need to be able to provide central bank digital currencies.” The comments struck a curious note with many, coming just months after Carstens emphatically advised against issuing such digital currencies.Read the entire article
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