Central banks should challenge risky fintech projects – Carstens
Crypto assets do not measure up against the “laws of economics”, BIS chief warns
Agustín Carstens launched a fresh attack on crypto assets today (November 15), urging would-be adopters of new financial technology to exercise some “plain old common sense”.
“While welcoming technological innovation, we should also test the claims of its proponents against the laws of economics, centuries of accumulated wisdom and plain old common sense,” the Bank for International Settlements general manager said.
He went on to list several ways in which crypto assets fail to live up to
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