Tagbasel committee on banking supervision

Bank Watchdog: Crypto Assets Fail as Money - and Digital Gold

bitcoin, tulip bubble, crypto

The Basel Committee on Banking Supervision (BCBS), a supranational banking watchdog, has warned that the growth of crypto assets like bitcoin pose a threat to banks and global financial stability, despite “very limited direct exposures.” BCBS Lays into Bitcoin, Says it's Not a True Store of Value In a March 13 newsletter statement, the BCBS said that crypto assets fail both as money and "digital...

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