Bank for International Settlements released a report on how the entrance of big tech companies such as Facebook, Google, Amazon, and Alibaba could potentially hurt banks and cause global financial instability.
Agustin Carstens speech about CBDCs. Central Banks dealing with CBDCs could be the same as ‘opening up a patient for major surgery.’ "We need to understand the full consequences of what we're doing," he said.
One of the reasons why India is yet to roll out a regulatory framework for the cryptocurrency industry is that a committee set up in 2017 to review the matter fears that if the country stops its negative stance toward cryptocurrencies, then interest in the new currency could destabilize the Indian fiat currency, Rupees.
What happens after the last bitcoin is mined after 2140? The Bank for International Settlement (BIS) has proposed a new approach that will mean a move away from the Proof-of-work concept currently used on the Bitcoin Network
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