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The analytical department of the Bank for International Settlements has put forward quite strict criticism in relation to some features of digital currencies and assets, stressing that they, in their current state, will not receive wide recognition. Experts of the Bank for International Settlements also believe that bitcoin is not and will not be a substitute for money, this statement is supported by a rather long list of shortcomings, which reflects all the key disadvantages of the crypto giant, as well as its competitors. However, ... Read more about " The largest bank does not believe in bitcoin " on coinatory.com

The Bank for International Settlements (BIS) published a report in which the financiers went through the cryptocurrencies and explained why bitcoin is technically not yet ready to become a world currency. In the sections "Cryptocurrencies: what will happen after the HYIP?" And "Illusory promise of decentralized trust", experts told that even now, when cryptocurrencies are in the wake of global popularity, new digital money simply can not compete with other financial instruments. Bank experts say that bitcoin and similar coins suffer from "a ... Read more about " BIS: Cryptocurrencies can stop the Internet " on coinatory.com