How does the Bank of International Settlements view the potential risks and benefits of Bitcoin?

1 answers

• May 08, 2022 · 3 years ago
  According to the Bank of International Settlements (BIS), Bitcoin presents both risks and benefits. From a risk perspective, the BIS highlights the potential for price manipulation, money laundering, and terrorist financing. They also express concerns about the environmental impact of Bitcoin mining. However, the BIS acknowledges the potential benefits of Bitcoin, such as its potential to improve financial inclusion and reduce transaction costs. They believe that a balanced approach is needed, with appropriate regulation to mitigate the risks while harnessing the benefits of cryptocurrencies like Bitcoin.
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