In preparation for a gathering of G20 finance ministers and central financial institution governors this month, the Financial institution for Worldwide Settlements Innovation Hub (BISIH) has submitted two reviews – on cryptocurrency and central financial institution digital currencies (CBDC) – July 11. The reviews reached very totally different conclusions on the associated applied sciences.
The BISIH Crypto Report is the shorter of the 2 publications at 24 pages. He supplied a short overview of the crypto ecosystem of cryptocurrencies, stablecoins and decentralized finance (DeFi), adopted by an extended record of “structural flaw(s) and dangers”.
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