For Central Banks, Digital Currency Risks May Outweigh Benefits

CPMI's report says existing technology is sufficient at present to deliver the benefits of digital currencies, without introducing new risks.

Blockchain graphic

A new report released by the Bank for International Settlements (BIS) has found that while distributed ledgers and digital currencies could help improve wholesale securities markets and post-trade processes, the industry will need to cautiously move forward with these rollouts as there are still too many unknown risks. The report, which was issued on March 12 by the Committee on Payments and Markets Infrastructure (CPMI) and the Markets Committee, which are BIS working groups, also notes that

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