Bitcoin freeloads on institutions’ trust says group of bankers (stop LOLing you lot!)

Cryptocurrency comments from the head of the Bank for International Settlements

  • cryptocurrencies "piggybacking" on mainstream institutions
  • becoming a "threat to financial stability"
  • bitcoin "a combination of a bubble, a Ponzi scheme and an environmental disaster"

Current head of the BIS is Agustín Carstens, the Financial Times reporting on his crypto comments, link for the full text is here

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