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Bank for International Settlements (BIS) questioned stablecoins

October 30, 2021
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According to news on October 30, the National Settlement Bank (BIS) is a 91-year-old organization that supports the efforts of central banks to create banks and financial stability through research and promotion of cooperation among central banks on a series of issues.

At present, some emerging markets and developing economies. Has been paying attention to stablecoins and central bank digital currencies. To make up for the weaknesses of its financial system.

But according to a report released by BIS on Friday, these digital currencies may cause daunting problems in these markets. It cannot solve the problems that other financial technology innovations are solving.

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