BIS: Crypto’s ‘Structural Flaws’ Make It Unsuitable As A Foundation For The Monetary System

A new report from the The Bank for International Settlements (BIS) concludes that cryptocurrencies’ “structural flaws” make it “unsuitable as a basis for a monetary system.” the Annual Economic Report 2022 of the BIS, a global organization of 63 leading central banks, becomes suggest that blockchain’s role in a future monetary system will likely take …

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Cryptocurrency’s ‘Structural Flaws’ Make It an Unsuitable Monetary System, BIS Report Says

Cryptocurrencies and the broader decentralized finance ecosystem have “deeper structural constraints” that prevent it from becoming a robust monetary system. That’s according to the Bank for International Settlements, which also said there is a deep divide between the goals and the reality of DeFi. Ahead of the release of its full annual economic report on …

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