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Agustín Carstens
2022 Events Cast 'Serious Doubts' on Stablecoins as Money: BIS Chief
Agustin Carstens, who has previously criticized stablecoins, said they do not benefit from the regulatory requirements and protections that apply to bank deposits.
Bank of International Settlements Says China's Digital Yuan Will Not Have 'First Mover Advantage'
Bank of International Settlements General Manager Agustin Carstens pushed back against claims that China's digital yuan would give the country a "first mover advantage" in the world of CBDCs. Though Carstens didn't directly name China, his speech challenged "overblown" rhetoric that any one CBDC would become the world's reserve currency based on "digital nature alone." Nik De breaks it down.
BIS Chief Blasts Bitcoin's Viability, Prompting Blowback From Advocates
Bitcoin maximalists cried foul at the central banker's prognostications.
Major Meeting of Central Banks Produces Same Old 'Evaluating' CBDCs Refrain
CBDCs continue to draw attention from central bankers, but panelists at an IMF event – including the Federal Reserve – do not expect to see their nations launch one soon.
BIS Chief: Central Banks May Issue Digital Currencies 'Sooner Than We Think'
The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies.
Central Banks See 'No Value' in Issuing Digital Currency: BIS Chief
BIS chief Agustin Carstens has said that central banks are wary about issuing digital currencies due to the "huge operational consequences."
BIS Chief to Crypto Coders: 'Stop Trying to Create Money'
Agustín Carstens, general manager of the Bank for International Settlements, made strong comments again on cryptocurrency.
Economist Roubini: 'Crypto Crazies' Are 'Cyber Terrorists'
Noted economist Nouriel Roubini resumed his criticism of cryptocurrencies on Twitter Tuesday, calling the tech's enthusiasts "crypto-crazies."
BIS Chief Slams Bitcoin As Ponzi Scheme and Threat to Central Banks
The head of the Bank for International Settlements has blasted bitcoin as "a bubble," "a Ponzi scheme" and an "environmental disaster."
Mexican Law Would Give Central Bank Oversight of Cryptocurrency Startups
Mexico's government is close to introducing legislation that would regulate fintech firms, including those that work with cryptocurrencies.
