06.18.2018

BIS On Cryptocurrencies: Looking Beyond The Hype

06.18.2018

Cryptocurrencies promise to replace trusted institutions with distributed ledger technology. Yet, looking beyond the hype, it is hard to identify a specific economic problem which they currently solve. Transactions are slow and costly, prone to congestion, and cannot scale with demand. The decentralised consensus behind the technology is also fragile and consumes vast amounts of energy. Still, distributed ledger technology could have promise in other applications. Policy responses need to prevent abuses while allowing further experimentation.

Read BIS Annual Economic Report 

Jospeh Brusuelas, RSM US LLP chief economist, said:

 

 

 

 

 

Related articles

  1. European ETFs Continue Record Growth

    Euro-denominated cryptocurrencies are the second highest traded fiat behind the U.S. dollar.

  2. Institutions can manage their bitcoin exposures in existing portfolio management and trading workflows.

  3. US Senators have proposed giving the CFTC authority to regulate digital commodities.

  4. The deadline for written submissions is 5th September 2022.

  5. Pando Asset is the fifth new crypto ETP issuer to join SIX Swiss Exchange this year.