Good analysis -I have no clue how to go about something like this but someone here has what it takes- praying for those gifted anons
LONDON (Reuters) - Central banks must prepare to act against cryptocurrencies to ensure they do not become entrenched and undermine trust in central banks, the head of the Bank for International Settlements said on Tuesday.
Agustin Carstens, general manager of the BIS, an umbrella organisation for the world’s central banks, said in a speech that cryptocurrencies such as bitcoin were “probably not sustainable as money” and failed the “basic textbook definition” of being a currency.+
“There is a strong case for policy intervention,” he said, speaking at Frankfurt’s Goethe University.
“These assets can raise concerns related to consumer and investor protection. Appropriate authorities have a duty to educate and protect investors and consumers, and need to be prepared to act.”
https://
uk.reuters.com/article/uk-cryptocurrency-markets-bis/central-banks-must-act-against-ponzi-scheme-cryptocurrencies-bis-head-idUKKBN1FQ13E