Digital currencies and the soul of money
· Agustín Carstens, General Manager of the Bank for International Settlements (International)
Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, technology, ai and cyber risk
AC · Agustín Carstens Wiki · Bank for International Settlements WikiDigital currencies and the soul of moneyContextVirtual speech at Goethe University in Frankfurt; the BIS serves central banks worldwide and studies digital currencies.
Why it mattersCarstens warns that stablecoins could concentrate economic power.
Problems raised- Stablecoins pose risks.
- Economic power may concentrate.
- International policy is inconsistent.
Solutions proposed- Regulate stablecoins adequately.
- Develop consistent international policy.
- Encourage innovators to work with regulators.
Read full speech on bis.org ↗More from Agustín Carstens · Bank for International Settlements · all speeches
More speeches by Agustín Carstens
Other leaders on payments, digital money and crypto-assets
