BIS Chief Agustin Carstens says Crypto Lost Battle to Fiat Currencies

“Thus sayeth the Bank for International Settlements: The BIS is in charge of global currencies, not cryptocurrencies. The global network of central banks now have the green light to ignore and shun publicly traded crypto and instead pursue Central Bank Digital Currencies (DBDCs).”

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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