Study Reveals Cryptocurrencies Might Heighten Financial Strains in Developing Economies

A new study from the Bank for International Settlements (BIS) indicates that rather than alleviating financial strain, cryptocurrencies may potentially heighten risks in developing nations. Recently, the Consultative Group of Directors of Financial Stability rolled out a detailed analysis on the impacts of cryptocurrencies in emerging markets. The study involved insights from central banks of nations like Mexico, Brazil, Argentina, Chile, Peru, Colombia, Canada, and the U.S. The paper underlined that its content represents the perspective of the writers and not essentially the BIS. The...

source: https://tokenpost.com/Study-Reveals-Cryptocurrencies-Might-Heighten-Financial-Strains-in-Developing-Economies-10561

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