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Bank of International settlements warns against central bank cryptos

The Bank of International Settlements (BIS) – or the central banks’ central bank – has warned global central banks they could endanger the stability of the financial system if they create their own digital currency in a bid to quash competition from es…

The Bank of International Settlements (BIS) – or the central banks’ central bank – has warned global central banks they could endanger the stability of the financial system if they create their own digital currency in a bid to quash competition from established cryptocurrencies like Bitcoin and Ethereum.