Tag: BIS

An article in The Sydney Morning Herald has reported on a pilot program that Australia's Central Bank is currently working on with BIS to launch a digital currency system, but it has the possibility that the access of citizens to the economy could be cut off at any time should they say or do anything in defiance of the authorities.
Is crypto fragmentation really an issue for central banks and the BIS to rectify? No. It is completely beyond their jurisdiction, yet they have opted to make it their business. Now, BIS calling for the centralization of cryptocurrencies.