- Bank for International Settlements (BIS) showcased its approach to regulating crypto in 2023.
- The thesis proposes three models to protect investors.
- Complete ban, Isolation & CBDCs discussed.
Multiple billion-dollar collapses in 2022 have dried away common users’ and authorities’ interests. Voices have been raised to ban the whole industry, and joining the team is the Bank for International Settlements (BIS), the “central bank of central banks” released a bulletin showcasing their approach to crypto regulations in 2023.
BIS, in their recent skeptical thesis, ‘Addressing the risk in Crypto: laying out the options,’ suggests that crypto should be banned, isolated, or regulated and that crypto cannot be ignored any longer, especially after FTX-saga.
Source: https://www.thecoinrepublic.com/2023/01/16/bis-proposes-crypto-ban-is-it-the-right-approach/