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Crypto’s ‘structural flaws’ make it unsuitable monetary system, says BIS report
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Crypto and the wider decentralised finance ecosystem have “deeper structural limitations” that prevent it from becoming a sound monetary system.
That's according to the Bank for International Settlements, which also said that there is a deep divide between DeFi’s goals and reality.
Ahead of the release of its annual full economic report on...
Read more on fnlondon.comAbout this in other media
Martin Wolf writes: Cryptocurrencies are not the new monetary system we need moneycontrol.com /2 years ago
BIS puts CBDCs at centre of future monetary system finextra.com /2 years ago
The crypto industry needs a crypto capital market structure cointelegraph.com /2 years ago
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