/biz/ - Business & Finance

>>54783333
checked.
real sly, Mr A. Uoohh

>>53936325
based. im ready

>https://www.bloomberg.com/news/articles/2023-02-22/crypto-has-lost-battle-against-fiat-currency-bis-chief-agustin-carstens-says
Look at how they do their misinfo.

>>53818833
When you're this deep down the rabbit hole you can see two things:
The first is the BIS talking about smart contracts, tokenised deposits and the future of money, all of which have been born in the crucible of crypto and which owe a huge amount to the petri dish of crypto experimentation.
The second is the second round BIS guidance on banks holding crypto assets that they released last year, which said that a bank could only hold up to 2% crypto, only of a very limited class (cryptos that have ETFs, which currently applies to zero of them), and that for every crypto dollar they held they have to collateralise it 100% with cash, making holding it completely useless.

It's crazy when the wool falls off your eyes and you realise these huge, austere institutions are just the grand version of used cars salesmen. Scammers. Conmen. It's all a fucking scam. Publicly shit talk crypto while you privately say "write that down! write that down!" about every single innovation that comes out of it. Scum. Fuckheads.