BIS (central bank for central banks) dives into cryptocurrency
The BIS, Bank for International Settlements, is an international institution owned by central banks
General Manager Agustin Carstens on the weekend:
- "it might be that it is sooner than we think that ... we have to create our own digital currencies."
BIS is to set up a "hub" in HK, Singapore and Switerzland, designed to improve understanding of digital currencies for use by central bankers.
- "There needs to be demand for central bank currencies and it is not clear that the demand is there yet"
Meanwhile, BTC lost a little ground over the weekend: