BIS Fears Central Banks May Lose Relevance to Private Cryptos

For Agustin Carstens, head of the Bank of International Settlements (BIS), central banks cannot concede their roles as gatekeepers of the global financial system to private cryptos. Meanwhile, authorities in the U.S. say no plans exist to create a digital U.S. dollar (USD) despite reports of some major nations looking to float their own sovereign digital currencies. Private Cryptos Shouldn’t Replace Banks In a speech delivered at Princeton University, Carstens argued that private cryptos shouldn’tRead MoreThe post BIS Fears Central Banks May Lose Relevance to Private Cryptos appeared first on Bitcoinist.com.