Coinatory

The Financial Stability Board (FSB), which advises the G20 on all matters related to finance, has concluded that cryptocurrency could potentially destabilize global finances. This conclusion comes via a recent FSB report titled “Crypto-asset markets: Potential channels for future financial stability implications.” A press release via Coin Desk reveals the details of this report: based on the limited size of the crypto-assets market, it currently doesn’t pose any material threat to global financial stability. However, the report also states ... Read more about " Financial Stability Board Calls Cryptocurrency a Threat " on coinatory.com

According to Bloomberg, the director of the Bank of England, Mark Carney, speaking at the board in Stockholm on the future of central banks, said he was considering the central bank"s ability to issue a digital currency, but this is not an urgent problem. He confirmed previous statements that cryptocurrencies are currently not money. Earlier this year, the bank said it would not launch its own cryptocurrency due to the possible consequences for the financial system. The bank, which began to study cryptocurrency in 2015, eventually decided ... Read more about " Bank Of England considers the possibility of implementation of cryptocurrencies " on coinatory.com