Bank for International Settlements head Agustin Carstens speaking in Frankfurt earlier today 6 Feb
- urges the global central banks to remain prepared to act against cryptocurrencies.
- there is a strong case for policy intervention
- these assets can raise concerns related to consumer and investor protection.
- appropriate authorities have a duty to educate and protect investors and consumers, and need to be prepared to act
- private digital tokens masquerading as currencies must not subvert this trust in central banks
Trust in CBs? Now I may not believe entirely in the conspiracy theories re CBs being vested interest control freaks but trustworthy? Well, that's pushing it all a little too far !
Full speech here
Meanwhile Bitcoin bouncing after testing $6000 and now $6605 on Bitstamp
T The Bank for international Settlements telling a tall tale?
