BIS calls for ‘redrawing of regulatory boundaries’ around crypto
Regulation will have to adapt to “new reality”, says BIS, suggesting new ways the underlying technology could improve financial efficiency
The Bank for International Settlements (BIS) has called for regulatory boundaries to be “redrawn”, now that crypto assets have become a mainstream feature of the world economy.
In an early release chapter of its annual report, the bank for central banks analyses the role played by crypto assets in today’s economy and considers whether such instruments have the power to displace traditional forms of money.
“[Crypto assets] garner attention because they promise to replace trust in long-standing
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