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BIS gives CBDCs a thumbs up, crypto the middle finger in reports to G20 ministersThe Bank for International Settlements Innovation Hub has released reports on cryptocurrency and central bank digital currency for use by the G20 finance ministers’ and central bank governors’ meetings. The crypto report repeats familiar problems, such as most crypto trading’s concentration, stablecoins’ volatility and smart contracts’ alleged unchangeability. It also raises less-talked-about issues, such as DeFi’s inevitable centralization due to oracle reliance.
Source: Cointelegraph - 🏆 562. / 51 Read more »