Day: June 23, 2022

BIS: Crypto’s ‘Structural Flaws’ Make It Unsuitable as Basis for Monetary System

A new report from the Bank for International Settlements (BIS) concludes that crypto’s “structural flaws” make it “unsuitable as the basis for a monetary system.”

The Annual Economic Report 2022 from the BIS, a global organization of 63 leading central banks, goes on to suggest that blockchain’s role in a future monetary system will likely take the form of central bank digital currencies (CBDCs), because “a system grounded in central bank money offers a sounder basis for innovation.”

The report points to Terra’s historic collapse last month and the current bear market as the catalyst for what analysts have labeled the start of a “crypto winter,” but says that focusing on price action alone “diverts attention away from the deeper structural flaws” in crypto that render it unfit for purpose as a monetary system. 


OOM education and Academies are educational products that include digital and online interactive training content for analyzing, learning and discussing general and generic information related to investments and strategies.
The OOM Academies do not facilitate, or offer access to online platforms for,investment or online trading in securities, currency (including cryptocurrencies) or other financial or investment productsor services. Orbit opportunity and media private limited .,its partners and educators do not provide personalized recommendations or advice on investment strategy nor do they provide any regulated financial services.
FULL RISK DISCLOSURE: Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is no guarantee of future results.
.