A newly released survey and report from the Bank for International Settlements (BIS) claims if widely used, cryptoassets and stablecoins may threaten financial stability.
The BIS published a new survey and report detailing the state of global CBDC (central bank digital currency) adoption and central banks’ view and plans regarding CBDCs.
Almost 25% of Central Banks are Piloting Retail CBDCs
The report, entitled “Making Headway – Results of the 2022 BIS Survey on central bank digital currencies and Crypto,” finds the number of central banks planning on launching CBDC in the near future has doubled since the previous year, despite the chaos in the market.
In its report, the BIS, however, warned of the risks of using cryptoassets for payments. It said:
If widely used for payments, cryptoassets, including stablecoins, may constitute a threat to financial stability.
While accepting the reality of widespread CBDC introduction, the BIS and other global regulators will issue guideline
We współpracy z: https://cryptodaily.co.uk/2023/07/bis-crypto-and-stablecoins-may-threaten-financial-stability
