Bank for International Settlements Study Reveals Cryptocurrency-Induced Financial Risks in Developing Nations

A recent study conducted by the Bank for International Settlements (BIS) has highlighted that, contrary to expectations, cryptocurrencies like Bitcoin have increased financial risks in developing nations rather than mitigating them. Released by the Consultative Group of Directors of Financial Stability (CGDFS) on August 22, the report examines the impact of cryptocurrencies on emerging markets. The collaborative effort involves central banks from countries including Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, and the U.S. Its important to note that the opinions expressed in...

source: https://tokenpost.com/Crypto-Concerns-Rise-in-Developing-Economies-New-Study-Reveals-10554

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