Friday, April 16, 2021
  • Bitcoin Chart
  • Ethereum Chart
  • Tether Chart
  • XRP Chart
  • Bitcoin Cash Chart
  • Binance Coin Chart
  • Litecoin Chart
No Result
View All Result
Coin Market | Daily bitcoin crypto coin News
  • Home
  • coins news
    • All
    • Binance Coin
    • Bitcoin
    • Bitcoin Cash
    • Bitcoin SV
    • EOS
    • Ethereum
    • Litecoin
    • Tether
    • Tezos
    • XRP
    Shift toward full decentralization pushes Maker (MKR) price above $4K

    Shift toward full decentralization pushes Maker (MKR) price above $4K

    Coinbase ($COIN): Another Crypto Stock HSBC Won’t Touch – CoinDesk

    Coinbase ($COIN): Another Crypto Stock HSBC Won’t Touch – CoinDesk

    Here’s How to Earn Bitcoin with Your Everyday Spending

    Here’s How to Earn Bitcoin with Your Everyday Spending

    Coinbase Pauses Ethereum Withdrawals as It Investigates Issue

    Coinbase Pauses Ethereum Withdrawals as It Investigates Issue

    Nvidia Reportedly Revamps Ampere Silicon To Stop Ethereum Mining For Good

    Nvidia Reportedly Revamps Ampere Silicon To Stop Ethereum Mining For Good

    Tezos USD (XTZ-USD) On Bearish Momentum: 8.44% Down In The Last 12 Hours

    Bitcoin Cash ABC Cryptocurrency Falls By 20% In The Last 24 Hours

    Number go up – CoinGeek

    Number go up – CoinGeek

    BIC’s Video News Show: Will Litecoin Ever Be Cool Again? – BeInCrypto

    BIC’s Video News Show: Will Litecoin Ever Be Cool Again? – BeInCrypto

    Waves sells Duck NFT “Perfection” for $1,000,000 – Coin Rivet

    Waves sells Duck NFT “Perfection” for $1,000,000 – Coin Rivet

    • Bitcoin
    • Bitcoin Cash
    • Binance Coin
    • Bitcoin SV
    • Ethereum
    • EOS
    • XRP
    • Tether
    • Litecoin
    • Tezos
  • Market
  • Latest news
  • Politics
  • Crypto Law
  • Technology
  • Mining
  • Trading
  • Guide
  • Home
  • coins news
    • All
    • Binance Coin
    • Bitcoin
    • Bitcoin Cash
    • Bitcoin SV
    • EOS
    • Ethereum
    • Litecoin
    • Tether
    • Tezos
    • XRP
    Shift toward full decentralization pushes Maker (MKR) price above $4K

    Shift toward full decentralization pushes Maker (MKR) price above $4K

    Coinbase ($COIN): Another Crypto Stock HSBC Won’t Touch – CoinDesk

    Coinbase ($COIN): Another Crypto Stock HSBC Won’t Touch – CoinDesk

    Here’s How to Earn Bitcoin with Your Everyday Spending

    Here’s How to Earn Bitcoin with Your Everyday Spending

    Coinbase Pauses Ethereum Withdrawals as It Investigates Issue

    Coinbase Pauses Ethereum Withdrawals as It Investigates Issue

    Nvidia Reportedly Revamps Ampere Silicon To Stop Ethereum Mining For Good

    Nvidia Reportedly Revamps Ampere Silicon To Stop Ethereum Mining For Good

    Tezos USD (XTZ-USD) On Bearish Momentum: 8.44% Down In The Last 12 Hours

    Bitcoin Cash ABC Cryptocurrency Falls By 20% In The Last 24 Hours

    Number go up – CoinGeek

    Number go up – CoinGeek

    BIC’s Video News Show: Will Litecoin Ever Be Cool Again? – BeInCrypto

    BIC’s Video News Show: Will Litecoin Ever Be Cool Again? – BeInCrypto

    Waves sells Duck NFT “Perfection” for $1,000,000 – Coin Rivet

    Waves sells Duck NFT “Perfection” for $1,000,000 – Coin Rivet

    • Bitcoin
    • Bitcoin Cash
    • Binance Coin
    • Bitcoin SV
    • Ethereum
    • EOS
    • XRP
    • Tether
    • Litecoin
    • Tezos
  • Market
  • Latest news
  • Politics
  • Crypto Law
  • Technology
  • Mining
  • Trading
  • Guide
Coin Market | Daily bitcoin crypto coin News
No Result
View All Result
Home coins news Bitcoin Cash

Bank of International Settlements Chief Says Cryptocurrencies Being Used to

March 26, 2021
in Bitcoin Cash
0 0
Bank of International Settlements Chief Says Cryptocurrencies Being Used to
Share on FacebookShare on Twitter


Agustin Carstens, the general manager at the Bank of International Settlements (BIS), has claimed that cryptocurrencies are “used to evade laws and should therefore face more regulation.” Carstens, who has attacked bitcoin in the past, suggests that many crypto assets are “used to do some arbitrage, or to circumvent some regulations.”

Carstens Repeats the Same Arguments

Speaking during an interview, the BIS general manager also claims that “laws against money laundering and the financing of terrorism were absent in many applications of some cyber currencies.” Still, despite this ongoing opposition by global regulators and central banks, the use of crypto assets like BTC as a means of payment or as a store of value continues to grow. Also as Bitcoin.com News previously reported, cryptocurrency use surged in 2020 with more mainstream organisations now holders of mainly BTC.

However, despite mounting evidence that suggests otherwise, Carstens, who is a prominent BTC opponent, continues to deny that cryptocurrencies are being used as an alternative to fiat cash. He also repeats the claim that cryptocurrencies are primarily used as a “speculative vehicle.” Furthermore, to support his negative disposition towards cryptocurrencies, Carstens added:

I don’t see any dominance of cyber currencies (and they have not had) any inroads in terms of working as money.

Also, the BIS general manager similarly dismisses claims that stablecoins, which he says “have some limited applications”, represent a threat to sovereign currencies.

Renewed Push Against Cryptos

Meanwhile, Carstens’ latest attack on cryptocurrencies appears to have coincided with the recent pushback against cryptocurrencies by the US Federal Reserve chief as well as the Financial Action Taskforce (FATF)’s announcement of its revised virtual assets guidelines.

However, despite this significant opposition, more businesses are adding or are contemplating cryptocurrencies to customer payment options. For instance, Tesla’s Elon Musk recently said the company would now accept BTC as payment for its electric cars. On the other hand, software giant Microsoft is asking its Xbox customers if they are amenable to buying the product using cryptocurrency.

What are your thoughts on Carstens’ latest remarks about cryptocurrencies? Tell us what you think in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





Read More:Bank of International Settlements Chief Says Cryptocurrencies Being Used to

Tags: bankChiefCryptoCurrenciesInternationalSettlements

Related Posts

Tezos USD (XTZ-USD) On Bearish Momentum: 8.44% Down In The Last 12 Hours
Bitcoin Cash

Bitcoin Cash ABC Cryptocurrency Falls By 20% In The Last 24 Hours

April 15, 2021
E11EVEN MIAMI Becomes First Major U.S. Club To Accept Bitcoin
Bitcoin Cash

E11EVEN MIAMI Becomes First Major U.S. Club To Accept Bitcoin

April 14, 2021
Why Roku Stock, PayPal Stock And Square Stock Are Popping Off Today | Benzinga
Bitcoin Cash

Why Roku Stock, PayPal Stock And Square Stock Are Popping Off Today | Benzinga

April 13, 2021
Bitcoin Cash, EOS, Enjin Coin Price Analysis: 12 April
Bitcoin Cash

Bitcoin Cash, EOS, Enjin Coin Price Analysis: 12 April

April 12, 2021
Bitcoin Cash, FTX Token, Algorand Price Analysis: 11 April
Bitcoin Cash

Bitcoin Cash, FTX Token, Algorand Price Analysis: 11 April

April 11, 2021
Visa and PayPal Give the Green Light to Cryptos. Should You?
Bitcoin Cash

Visa and PayPal Give the Green Light to Cryptos. Should You?

April 10, 2021
NYDIG Completes $100M Growth Capital Funding Round
Bitcoin Cash

NYDIG Completes $100M Growth Capital Funding Round

April 9, 2021
This start-up backed by Serena Williams and Alexis Ohanian gives users bitcoin
Bitcoin Cash

This start-up backed by Serena Williams and Alexis Ohanian gives users bitcoin

April 8, 2021
Coinbase vs. Coinbase Pro: Which Should You Choose?
Bitcoin Cash

Coinbase vs. Coinbase Pro: Which Should You Choose?

April 7, 2021
Best bitcoin hardware wallet in 2021 | ZDNet
Bitcoin Cash

Best bitcoin hardware wallet in 2021 | ZDNet

April 6, 2021
Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments
ADVERTISEMENT

Today Trends

Shift toward full decentralization pushes Maker (MKR) price above $4K

Shift toward full decentralization pushes Maker (MKR) price above $4K

April 16, 2021
Coinbase ($COIN): Another Crypto Stock HSBC Won’t Touch – CoinDesk

Coinbase ($COIN): Another Crypto Stock HSBC Won’t Touch – CoinDesk

April 15, 2021
Here’s How to Earn Bitcoin with Your Everyday Spending

Here’s How to Earn Bitcoin with Your Everyday Spending

April 15, 2021
Coinbase Pauses Ethereum Withdrawals as It Investigates Issue

Coinbase Pauses Ethereum Withdrawals as It Investigates Issue

April 15, 2021
Nvidia Reportedly Revamps Ampere Silicon To Stop Ethereum Mining For Good

Nvidia Reportedly Revamps Ampere Silicon To Stop Ethereum Mining For Good

April 15, 2021
Tezos USD (XTZ-USD) On Bearish Momentum: 8.44% Down In The Last 12 Hours

Bitcoin Cash ABC Cryptocurrency Falls By 20% In The Last 24 Hours

April 15, 2021

Bitcoin News

Here’s How to Earn Bitcoin with Your Everyday Spending

Here’s How to Earn Bitcoin with Your Everyday Spending

April 15, 2021
IBD 50 Stocks To Watch: Square Bets On Bitcoin As Cashless Trend Keeps Growing

IBD 50 Stocks To Watch: Square Bets On Bitcoin As Cashless Trend Keeps Growing

April 14, 2021
What Are the Legal Challenges That Crypto Faces and the Way Out?

What Are the Legal Challenges That Crypto Faces and the Way Out?

April 13, 2021
Bitcoin ATM Machine Market Huge Growth Opportunities and Trends to 2027 – ROUGH

Bitcoin ATM Machine Market Huge Growth Opportunities and Trends to 2027 – ROUGH

April 12, 2021
Why Dogecoin Is Up 20% | Benzinga

Why Dogecoin Is Up 20% | Benzinga

April 11, 2021

Market News

Partisan battle brews over granting crypto, other firms new fintech banking

Partisan battle brews over granting crypto, other firms new fintech banking

April 15, 2021
Wednesday’s Market Minute: Bitcoin’s Gold Narrative Isn’t Adding Up | Benzinga

Wednesday’s Market Minute: Bitcoin’s Gold Narrative Isn’t Adding Up | Benzinga

April 14, 2021
Bitcoin Is a Bright Spot in a Frustrating Market

Bitcoin Is a Bright Spot in a Frustrating Market

April 13, 2021
Ethereum hits new high as blockchain miner Argo posts record revenue

Ethereum hits new high as blockchain miner Argo posts record revenue

April 12, 2021
What’s the Difference Between Bitcoin and Ethereum? | The Motley Fool

What’s the Difference Between Bitcoin and Ethereum? | The Motley Fool

April 11, 2021

Politics

Coinbase CEO Says Listing Is a ‘Shift in Legitimacy’ for Crypto

Coinbase CEO Says Listing Is a ‘Shift in Legitimacy’ for Crypto

April 15, 2021
Labor SMART, Inc. To Accept Bitcoin and Ethereum as Payment

QUOTES-Investors on death of notorious Wall Street scammer Bernie Madoff

April 14, 2021
Cryptocurrencies: a $2.0-trillion market

Cryptocurrencies: a $2.0-trillion market

April 13, 2021
Binance Allows Users to Trade Tokenized Stock Tokens Starting With Tesla

Binance Allows Users to Trade Tokenized Stock Tokens Starting With Tesla

April 12, 2021
Seven Stanford scholars awarded Guggenheim Fellowships – Stanford Today

Seven Stanford scholars awarded Guggenheim Fellowships – Stanford Today

April 11, 2021
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • CCPA
  • DMCA

© 2020 MarketOfCoin.com

No Result
View All Result
  • Home
  • coins news
    • Bitcoin
    • Bitcoin Cash
    • Binance Coin
    • Bitcoin SV
    • Ethereum
    • EOS
    • XRP
    • Tether
    • Litecoin
    • Tezos
  • Market
  • Latest news
  • Politics
  • Crypto Law
  • Technology
  • Mining
  • Trading
  • Guide

© 2020 MarketOfCoin.com

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$57,374.00-2.57%
  • ethereumEthereum(ETH)$2,088.59-2.07%
  • tetherTether(USDT)$0.999-0.21%
  • rippleXRP(XRP)$1.0525.21%
  • bitcoin-cashBitcoin Cash(BCH)$649.571.38%
  • binance-coinBinance Coin(BNB)$400.298.80%
  • chainlinkChainlink(LINK)$33.997.00%
  • republic-protocolREN(REN)$1.062.88%
  • you-coinYOU Chain(YOU)$0.015-3.88%
  • namecoinNamecoin(NMC)$1.53-3.18%
  • rupiah-tokenRupiah Token(IDRT)$0.000068-0.08%
  • okcashOKCash(OK)$0.0521.17%

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

We respect your privacy and take protecting it seriously

wpDiscuz