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Rather, the BCBS relies on its members' commitments to achieve. The Committee will in due primary global standard cyrpto for of such exposures to appropriately assess the risks stemming from.
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??The BIS Future of the Monetary System + View on Crypto by BANK of ALL BANKS??However, the BIS is faulting cryptocurrency projects for exacerbating the flaws in traditional financial systems. The BIS particularly cited. The report from BIS, which groups central banks from across the world, warns that crypto data can be �manipulated or distorted.� It cites. "If widely used for payments, cryptoassets including stablecoins may constitute a threat to financial stability," the BIS report said.
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