BIS calls for ‘redrawing of regulatory boundaries’ around crypto
Regulation will have to adapt to a “new reality”, BIS says
The Bank for International Settlements (BIS) has called for regulatory boundaries to be “redrawn” now crypto assets have become a mainstream feature of the world economy.
In an early-release chapter of its annual report, the so-called bank for central banks analyses the role crypto assets play in today’s economy and considers whether such instruments have the power to displace traditional forms of money.
“[Crypto assets] garner attention because they promise to replace trust in long-standing
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