Appeal of Crypto Is ‘Illusory’ and Amplifying Financial Risks of Emerging Markets: Bank for International Settlements

Cryptocurrencies increase the financial risks of emerging economies, according to a new report published by the global central bank umbrella organization known as the Bank for International Settlements (BIS). The report says that cryptocurrencies cannot solve developing countries’ financial challenges, despite some arguing that digital assets can address such problems as high-fee payment transactions and The post Appeal of Crypto Is ‘Illusory’ and Amplifying Financial Risks of Emerging Markets: Bank for International Settlements appeared first on The Daily Hodl .