BIS: Bitcoin growth could pose a financial system stability threat

Dhwani Mehta FXStreet

In its Quarterly Review, the Bank for International Settlements (BIS) issued a warning to the central banks on the growth of cryptocurrencies such as Bitcoin.

Key Points via Bloomberg:

Central banks can't ignore the growth in cryptocurrencies as it could pose a risk to the stability of the financial system

CBs need to figure out whether to issue a digital currency, especially in countries where cash use is dwindling

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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