BIS (central bank for central banks) dives into cryptocurrency

Author: Eamonn Sheridan | Category: Central Banks

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"

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Meanwhile, BTC lost a little ground over the weekend:
The BIS, Bank for International Settlements, is an international institution owned by central banks 

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