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RE: BIS Chief Fears "Systemic Threat" Of Bitcoin, Urges "Pre-emptive Action" From Authorities

in #bitcoin7 years ago

BIS argues that when evaluating digital currencies, central banks need to look at the effects of financial stability, as well as confidentiality as well as efficiency questions.
Crypto currencies have been recognized by central banks and top officials for the last few years. For example, Germany's Bundesbank president Jens Weidmann said earlier this year that digital currencies, such as the bills, had the potential to cause financial crises in the future.