BIS President: How Central Bank Digital Currencies Put Great Ideas into Practice

Bank for International Settlements President: Cryptocurrencies Do Not Pose a Threat to Fiat Currency: Golden Finance reports that Bank of International Settlements President and economist Agustín Carstens said that cryptocurrencies like Bitcoin still do not pose a threat to sovereign currencies because they do not "Lots of progress" to challenge fiat currencies. Carstens also mentioned that it is important to assess the "international impact" of central bank digital currencies. [2021/3/25 19:15:06]

Bank for International Settlements: CBDC is a Complementary Means of Payment: The Bank for International Settlements (BIS) pointed out in its annual report that the issuance of central bank digital currency (CBDC) is more and more likely, and central banks will become fierce competition in the private sector The guardian of the payment field under the central bank digital currency can provide a new safe, trusted and widely available digital payment method.

The Bank of International Settlements stated that central banks provide payment infrastructure so that payment service providers can compete and innovate, and central bank digital currency may be such a platform. Notably, the BIS envisions a two-tier system of central bank-operated infrastructure for central bank digital currencies, positioning it as a complementary means of payment to address specific use cases and market failures, and to drive innovation . [2020/7/9]

VOICE | Bank for International Settlements President Reiterates Bitcoin Cannot Function as Money: Bank for International Settlements President Agustin Carstens reiterated his previous critical stance on cryptocurrencies, saying they "cannot function as money." [2018/7/5]

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