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The Bank for International Settlements is taking on the hype surrounding crypto currencies but acknowledging the potential of the underlying technology.
The rush to embrace crypto currencies and distributed ledger technology (DLT) is problematic and “is no substitute for tried and trusted central banks,” say key officials of the Bank for International Settlements (BIS) in the group’s Annual Economic Report 2018. In the abstract of the fifth chapter of the AER, Hyun Song Shin, economic adviser...
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