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   BIS Chief expressed his concerns about a "Systemic Threat" Of Bitcoin, [14/02/18 12:49PM]   
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BIS general manager worries about a "Systemic Threat" Of Cryptocurrencies, Urges "Pre-emptive Measures" From Authorities "If authorities do not act pre-emptively, cryptocurrencies could become more interconnected with the main financial system and become a threat... " The general manager of the Bank for International Settlements (BIS) has slagged off bitcoin as a "combination of a bubble, a Ponzi scheme, and an environmental disaster." Augustin Carstens questioned Tuesday the sustainability of bitcoin and other cryptocurrencies and recommended federal government had a duty to shut down on the payment technology

 

 


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