Quotes from the news wire:
El Salvador, that is an interesting experiment indeed, we have been clear at the BIS that we don’t see bitcoin as having passed the test of being a means of payments. Bitcoin is a speculative asset and should be regulated at such.
Found on Reuters 3 years ago
We need to be at the cutting of technology, we have to work with the private sector.
Found on Reuters 3 years ago
We have been clear at the BIS that we don’t see bitcoin as having passed the test of being a means of payments. Bitcoin is a speculative asset and should be regulated at such.
Found on Reuters 3 years ago
A global stablecoin for retail purposes could provide for faster and cheaper remittances, spur competition for payments and thus lower costs, and support greater financial inclusion, however...they give rise to a number of risks related to public policy priorities including anti-money laundering and countering the financing of terrorism, consumer and data protection, cyber resilience, fair competition and tax compliance.
Found on Reuters 5 years ago
Further engagement of stablecoin developers with the public and authorities will be required, the working group stands ready to take forward its work in coordination with G7 finance ministries, relevant standard-setting bodies and the G20.
Found on Reuters 5 years ago
You've got to be safe, robust and resilient from day one, it's not a learning process: either it works or it doesn't.
Found on Reuters 5 years ago
Down the road we might find that there are gaps or inconsistencies that would require a prolonged discussion by regulators on how to do it differently, authorities are not going to let any such projects happen before we have answers to our questions and before we have the right regulatory framework.
Found on Reuters 5 years ago
Market discipline is useful but I wouldn't see it as progress to shift monetary sovereignty from governments to private multinationals.
Found on Reuters 5 years ago
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