BIS Says Crypto Weaknesses Have Materialized Following Market Sell-Off – Featured Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

'You just cannot defy gravity... At some point, you really have to face the music,' said the BIS chief about crypto. cryptocurrency bitcoin $BTC

The Bank of International Settlements , the global body for central banks, claims the weaknesses in crypto that were pointed out before “have pretty much materialized.” BIS General Manager Agustin Carstens opined: “You just cannot defy gravity … At some point, you really have to face the music.”The Bank of International Settlements has warned that a perceived danger of decentralized digital money is materializing.

“Structural flaws make the crypto universe unsuitable as the basis for a monetary system: it lacks a stable nominal anchor, while limits to its scalability result in fragmentation. Contrary to the decentralisation narrative, crypto often relies on unregulated intermediaries that pose financial risks,” the BIS report reads.

Carstens does not believe that the crypto market meltdown will cause a systemic crisis in the way that bad loans triggered the global financial crash. He detailed:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Check Social Media Traffic Cheap

Check Social Media Traffic Cheap

Dogecoin is intentionally abundant with 10,000 new coins mined every minute & no maximum supply! Think people...Doge is not the way 2 go. Seems very similar to 'Private Central Banks'. It loses it's value every minute, because it has no production limit. Go Shiba-Inu.

As bitcoin was about to rally. We’re now testing lower support levels & this area should be bought for a bullish resolution to the upside MagdaleneKatar0 is a super underrated bitcoiner I’ve been taking her tweets and tips seriously & I’ve been doing really great Follow her

Wondering what to invest in?🚀 👇👇👇👇 Invest with LUZIONPROTOCOL!💯 LuzionProtocol 💪💪 LZN7 🔥🔥 👉💰💯

It's hard to argue with that. Although, most of my friends have never been interested in crypto and crypto currencies.

It is too deep for me

dude seems to know a thing or two about gravity

His fat ass creates its own gravitational pull.

Some can defy gravity less than others.

if he Defy Gravity the whole Galaxy will Explode

Ninguna diferencia

This guys pulling 6 gs just standing still

Very difficult to take fiat maxis serious when they so obviously have a bias towards keeping their dysfunctional smoke and mirrors system in place lining their own pockets. FIAT DOESNT WORK

You also cannot defy cake.

What's eating at this guy? We know how much food he eats.

Gravity is no friend of his

Loved him as the captain in Wall-E

This guy certainly have trouble to defy gravity.

Cuckold

SHIBA INU perfectly 🌠💯 Free Airdrop MATIC SHIBx1O

This guy shits a larger land mass then Cuba , everyday

Airdrop available now at bigest event! SHIBx1O

Let’s not focus on his morbid obesity, but rather the fact that under their and their accomplices stewardship all currencies have been systematically devalued over time.

Dude defies gravity every day he moves around on this earth.

Gravity and this guys photo don't belong in the same tweet.

Thanks so much fooooorrrr this gift SHIBx1O

Thanks so much fooooorrrr this gift SHIBx1O

The craziest airdrop is live now! SHIBx1O

Thanks so much fooooorrrr this gift SHIBx1O

Don't miss! SHIBx1O

It workkkkkksss SHIBx1O

🔥Join and Invite friends ➡️ SHIBx1O

Don't miss SHIBx1O

SHIBA INU perfectly 🌠💯 Free Airdrop MATIC SHIBx1O

The craziest airdrop is live now! SHIBx1O

The craziest airdrop is live now! SHIBx1O

🚀Airdrop campaign 👉 SHIBx1O

Its real SHIBx1O

🔥Join and Invite friends ➡️ SHIBx1O

Here's hoping gravity doesn't get him from 50,000 feet!

😂😂😂

🔥Join and Invite friends ➡️ SHIBx1O

That mic is too small for that man

Thanks so much for this gift SHIBx1O

He would know.

Gravity faced the music...

Double your $shib 👉🌏 SHIBx1O

Do you know metafishland ?

“crypto often relies on unregulated intermediaries that pose financial risks,” If he is talking about exchanges then yes, this makes onboarding/offboarding unsatisfactory. Algorand will not replace money but it will build upon and add to the blockchain ecosystem.

EverriseL can you please take a look at my profile and you will understand .please if you are not able to donate anything just reply please

It workkkkkksss SHIBx1O

I'm really proud to be one of your investor's. protraderjason This was the biggest amount I've ever profited in my trading career. I appreciate your hard works

Limited time offer! SHIBx1O

Thanks so much for this gift SHIBx1O

Believe deep down in your heart that you’re destined to do great things

Thanks so muuuuuccccch for this gift SHIBx1O

Thanks so much fooooorrrr this gift SHIBx1O

This mofo is definitely not defying gravity 🙈

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines