Markets

BIS lauds CBDCs while dismissing cryptocurrencies and stablecoins

By Justin Pugsley
BRR fallback image

Central bank digital currencies (CBDCs) preserve the core functions of money in the digital era, said the Bank for International Settlements (BIS) in a report on June 23, dismissing cryptocurrencies as “speculative” and stablecoins as an “appendage”.

For the BIS these are strong words and reflect a hardening of central ...

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