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Crypto is not communism — Exec slams BIS take on crypto
The Bank for International Settlements’ (BIS) recent report advocating for the isolation of crypto markets, along with its stance on DeFi and stablecoins, has drawn sharp criticism from industry leaders, who warn such recommendations could threaten the global financial ecosystem.
Many of the BIS' conclusions were described as uninformed and potentially harmful. Critics argue the BIS' “containment” approach—aimed at separating crypto from traditional finance—is both unrealistic and risky. “Crypto is not communism,” one executive stated, emphasizing that crypto functions like the internet—open, borderless, and beyond centralized control.
Concerns were raised that enforcing isolation would amplify liquidity risks in the traditional financial system. Crypto operates around the clock, unlike traditional markets that close after trading hours, making disconnection impractical and potentially destabilizing.
Critics noted that rather than reducing systemic risk, such policies could inadvertently create it. The BIS report acknowledged that crypto and DeFi have amassed substantial investor interest and capital, making regulatory oversight increasingly urgent.
Opposing the BIS view that DeFi presents major challenges, industry voices argued it offers a significant upgrade over the opaque structures of traditional finance. The issue of developer anonymity was also challenged, pointing out that traditional finance firms rarely disclose developer teams either.
The BIS also suggested that stablecoins might cause macroeconomic instability in vulnerable nations. In response, critics argued that if USD-backed stablecoins bring greater financial access to populations in countries like Venezuela or Zimbabwe, that should be viewed as a positive development.
Another expert likened the BIS report to “writing parking regulations for a fleet of self-driving drones”—a well-meaning effort, but technologically out of step.
#TrendingTopic #BIS #blockchain #TrumpVsPowell #ElonMusk
plzFollow @Rosy Ruma
The Bank for International Settlements’ (BIS) recent report advocating for the isolation of crypto markets, along with its stance on DeFi and stablecoins, has drawn sharp criticism from industry leaders, who warn such recommendations could threaten the global financial ecosystem.
Many of the BIS' conclusions were described as uninformed and potentially harmful. Critics argue the BIS' “containment” approach—aimed at separating crypto from traditional finance—is both unrealistic and risky. “Crypto is not communism,” one executive stated, emphasizing that crypto functions like the internet—open, borderless, and beyond centralized control.
Concerns were raised that enforcing isolation would amplify liquidity risks in the traditional financial system. Crypto operates around the clock, unlike traditional markets that close after trading hours, making disconnection impractical and potentially destabilizing.
Critics noted that rather than reducing systemic risk, such policies could inadvertently create it. The BIS report acknowledged that crypto and DeFi have amassed substantial investor interest and capital, making regulatory oversight increasingly urgent.
Opposing the BIS view that DeFi presents major challenges, industry voices argued it offers a significant upgrade over the opaque structures of traditional finance. The issue of developer anonymity was also challenged, pointing out that traditional finance firms rarely disclose developer teams either.
The BIS also suggested that stablecoins might cause macroeconomic instability in vulnerable nations. In response, critics argued that if USD-backed stablecoins bring greater financial access to populations in countries like Venezuela or Zimbabwe, that should be viewed as a positive development.
Another expert likened the BIS report to “writing parking regulations for a fleet of self-driving drones”—a well-meaning effort, but technologically out of step.
#TrendingTopic #BIS #blockchain #TrumpVsPowell #ElonMusk
plzFollow @Rosy Ruma
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Central Bank Explores Tokenization with the Pine Project!
The Federal Reserve #Newyork and the Bank for International Settlements (#BIS ) have just announced research under the Pine Project, opening up positive prospects for cryptocurrency in the long term. The study focuses on how central banks can operate in tokenized wholesale financial markets, using smart contracts to implement monetary policy as commercial banks and private financial institutions widely adopt this technology.
The integration of tokenization and smart contracts into the traditional financial system is a strong signal, indicating the increasing acceptance of blockchain technology. With Bitcoin (104,000 USD) and Ethereum (2,500 USD) leading the way, along with crypto fund inflows reaching 3.4 billion USD last week and a forecasted accumulation of 330 billion USD into Bitcoin by 2029, this research promises to drive innovation and sustainable growth. Cryptocurrency is not just an investment asset but is also becoming a foundation for a more transparent and efficient global financial future.
Risk warning: Crypto investments carry high risks due to price volatility and legal uncertainties. Please consider carefully before participating. #anhbacong
The Federal Reserve #Newyork and the Bank for International Settlements (#BIS ) have just announced research under the Pine Project, opening up positive prospects for cryptocurrency in the long term. The study focuses on how central banks can operate in tokenized wholesale financial markets, using smart contracts to implement monetary policy as commercial banks and private financial institutions widely adopt this technology.
The integration of tokenization and smart contracts into the traditional financial system is a strong signal, indicating the increasing acceptance of blockchain technology. With Bitcoin (104,000 USD) and Ethereum (2,500 USD) leading the way, along with crypto fund inflows reaching 3.4 billion USD last week and a forecasted accumulation of 330 billion USD into Bitcoin by 2029, this research promises to drive innovation and sustainable growth. Cryptocurrency is not just an investment asset but is also becoming a foundation for a more transparent and efficient global financial future.
Risk warning: Crypto investments carry high risks due to price volatility and legal uncertainties. Please consider carefully before participating. #anhbacong
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Bitcoin – "Lifebuoy" in economic instability: Positive signals for the medium term until the end of 2025
A new study from the Bank for International Settlements (#BIS ) – has just confirmed a viewpoint that the cryptocurrency community has long believed: Bitcoin is not only a speculative asset but also a financial protection tool during times of instability.
In countries with high inflation, strict capital controls, or inefficient banking systems, people are increasingly turning to Bitcoin and stablecoins like USDT, $USDC to protect their assets, make payments, and transfer money across borders. From less than 7 billion USD in 2017, the global crypto inflow peaked at 800 billion USD by the end of 2021, and after adjusting, is still recovering strongly – about 600 billion USD by Q2 2024.
Although the cross-border transaction rate using Bitcoin has decreased as stablecoins become more popular, Bitcoin's role as “digital gold” during crises is further affirmed – especially when global concern indicators rise, such as the VIX index, the use of crypto increases significantly. This shows that not only the public but also institutional investors are seeking safety from crypto.
✅ Conclusion: In the context of global economic risks and traditional financial systems facing many challenges, Bitcoin is affirming its strategic medium-term role as a “value shelter”. From now until the end of 2025, the crypto market – led by Bitcoin – has every reason to continue attracting inflows and expanding applications globally.
A new study from the Bank for International Settlements (#BIS ) – has just confirmed a viewpoint that the cryptocurrency community has long believed: Bitcoin is not only a speculative asset but also a financial protection tool during times of instability.
In countries with high inflation, strict capital controls, or inefficient banking systems, people are increasingly turning to Bitcoin and stablecoins like USDT, $USDC to protect their assets, make payments, and transfer money across borders. From less than 7 billion USD in 2017, the global crypto inflow peaked at 800 billion USD by the end of 2021, and after adjusting, is still recovering strongly – about 600 billion USD by Q2 2024.
Although the cross-border transaction rate using Bitcoin has decreased as stablecoins become more popular, Bitcoin's role as “digital gold” during crises is further affirmed – especially when global concern indicators rise, such as the VIX index, the use of crypto increases significantly. This shows that not only the public but also institutional investors are seeking safety from crypto.
✅ Conclusion: In the context of global economic risks and traditional financial systems facing many challenges, Bitcoin is affirming its strategic medium-term role as a “value shelter”. From now until the end of 2025, the crypto market – led by Bitcoin – has every reason to continue attracting inflows and expanding applications globally.
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The Secret Behind the Bitcoin Wave in Crisis: No Longer an Investment, but Survival
A new report from the Bank for International Settlements (#BIS ) – an organization that acts as the 'central bank of central banks' – has just revealed a noteworthy truth: Bitcoin and crypto are most used when the economy is in crisis.
🔻 When currencies lose value, people turn to Bitcoin for survival.
In many countries facing high inflation, capital restrictions, or expensive and inefficient banking systems, people no longer rely on fiat money or traditional banks. Instead, Bitcoin and stablecoins like USDT, $USDC are becoming practical financial tools that help them:
🔻 When currencies lose value, people turn to Bitcoin for survival.
In many countries facing high inflation, capital restrictions, or expensive and inefficient banking systems, people no longer rely on fiat money or traditional banks. Instead, Bitcoin and stablecoins like USDT, $USDC are becoming practical financial tools that help them:
BIS Just Sounded the Crypto Alarm And It’s LOUD 🚨
The Bank for International Settlements says crypto adoption has hit CRITICAL MASS and they’re panicking.
Stablecoins now rule the DeFi universe.
But BIS says: no regulation = no redemption = major collapse risk.
And here’s where it gets spicy
They claim crypto is making the rich richer.
📉 Retail bought the dip.
🦈 Whales dumped at the top.
That’s not a market that’s a feeding frenzy.
Crypto is different tech... same old risks.
Translation: they still don’t get it.
But YOU do.
The question now:
Are we about to see mass adoption and new wealth creation?
Or is heavy regulation about to slam the brakes?
This isn’t just finance anymore it’s a global power shift.
👇 Drop your hottest take.
💬 Should we embrace regulation or resist it?
📊 Is DeFi the solution or the trap?
#CryptoAlert #BIS #Binance #defi #thecryptoheadquarters
The Bank for International Settlements says crypto adoption has hit CRITICAL MASS and they’re panicking.
Stablecoins now rule the DeFi universe.
But BIS says: no regulation = no redemption = major collapse risk.
And here’s where it gets spicy
They claim crypto is making the rich richer.
📉 Retail bought the dip.
🦈 Whales dumped at the top.
That’s not a market that’s a feeding frenzy.
Crypto is different tech... same old risks.
Translation: they still don’t get it.
But YOU do.
The question now:
Are we about to see mass adoption and new wealth creation?
Or is heavy regulation about to slam the brakes?
This isn’t just finance anymore it’s a global power shift.
👇 Drop your hottest take.
💬 Should we embrace regulation or resist it?
📊 Is DeFi the solution or the trap?
#CryptoAlert #BIS #Binance #defi #thecryptoheadquarters
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BIS Cancels Participation in the Mbridge Project: This Project 'Was Not Created to Serve BRICS'
BIS announced it will withdraw from Mbridge, a project aimed at using CBDC to connect the financial systems of several countries, as this project could potentially help BRICS nations evade economic sanctions.
BIS withdraws from the Mbridge project due to potential BRICS sanction evasion requests.
The Bank for International Settlements (BIS) has ultimately decided to withdraw from participating in Mbridge, a project launched in 2021 aimed at establishing a parallel system based on central bank digital currency (CBDC) for international payments. The decision was made after the organization considered the potential uses of Mbridge to facilitate trade among countries in the BRICS bloc, avoiding Western sanctions imposed on traditional financial routes.
BIS withdraws from the Mbridge project due to potential BRICS sanction evasion requests.
The Bank for International Settlements (BIS) has ultimately decided to withdraw from participating in Mbridge, a project launched in 2021 aimed at establishing a parallel system based on central bank digital currency (CBDC) for international payments. The decision was made after the organization considered the potential uses of Mbridge to facilitate trade among countries in the BRICS bloc, avoiding Western sanctions imposed on traditional financial routes.
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Malaysia Pushes Crypto and Blockchain Legislation: Necessary Step or Global Race?
The Malaysian Prime Minister is considering enacting laws on crypto and blockchain to keep up with global trends, ensure public safety, and facilitate technological development.
Strategic Action
During his visit to Abu Dhabi, Prime Minister Datuk Seri Anwar Ibrahim discussed policy proposals with the government #UAE and exchange Binance. He shared:
“I have asked agencies like the central bank, treasury and security to look into how Malaysia can harness this technology, to ensure we are not left behind.”
Strategic Action
During his visit to Abu Dhabi, Prime Minister Datuk Seri Anwar Ibrahim discussed policy proposals with the government #UAE and exchange Binance. He shared:
“I have asked agencies like the central bank, treasury and security to look into how Malaysia can harness this technology, to ensure we are not left behind.”
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🌐 The Bank for International Settlements Proposes a Hybrid Digital Currency Model to Optimize CBDC Deployment and User Interaction
The Bank for International Settlements (BIS) recently announced a comprehensive framework for designing retail central bank digital currencies (CBDCs) -- the Hybrid Retail Central Bank Digital Currency (CBDC) model, which aims to organically combine the regulatory functions of central banks with the role of the private sector.
This hybrid model is managed by central banks for the issuance of digital currencies and the construction of the infrastructure, while private intermediaries are responsible for direct interactions with users, such as KYC verification, wallet management, and transaction processing. This ensures both efficiency and scalability while also addressing privacy and anti-money laundering regulations.
The architecture includes four core processes: user registration, digital currency issuance, withdrawal, and transfer. Moreover, it supports a tiered KYC mechanism, allowing low-value transactions to use basic wallets, while high-value transactions require stricter regulation.
Another highlight of this architectural model is the offline payment function, which is good news for unbanked populations, as payment channels will be greatly expanded.
The BIS report also mentions that CBDCs can bring advanced features such as programmability through smart contracts, asset tokenization, and seamless integration with DeFi. These features can enhance liquidity, automate transactions, and make CBDCs a cornerstone of modern economic operations.
The report also references some global experiences, such as China's digital yuan and Peru's offline pilot projects in rural areas, which are exemplars of technological application and innovation.
However, there are challenges in implementing this, such as how to ensure compatibility between this digital currency and the payment systems we currently use, how to protect our privacy without violating regulations, and how to guard against online attack threats.
Nonetheless, the Bank for International Settlements emphasizes that this proposal is also a flexible framework, intended to encourage discussion and gather ideas and opinions from everyone.
💬 What are your views on the development prospects of the hybrid digital currency model? What expectations do you have for the real-world applications of CBDC in the future financial world?
#数字货币 #CBDC #金融创新 #BIS
The Bank for International Settlements (BIS) recently announced a comprehensive framework for designing retail central bank digital currencies (CBDCs) -- the Hybrid Retail Central Bank Digital Currency (CBDC) model, which aims to organically combine the regulatory functions of central banks with the role of the private sector.
This hybrid model is managed by central banks for the issuance of digital currencies and the construction of the infrastructure, while private intermediaries are responsible for direct interactions with users, such as KYC verification, wallet management, and transaction processing. This ensures both efficiency and scalability while also addressing privacy and anti-money laundering regulations.
The architecture includes four core processes: user registration, digital currency issuance, withdrawal, and transfer. Moreover, it supports a tiered KYC mechanism, allowing low-value transactions to use basic wallets, while high-value transactions require stricter regulation.
Another highlight of this architectural model is the offline payment function, which is good news for unbanked populations, as payment channels will be greatly expanded.
The BIS report also mentions that CBDCs can bring advanced features such as programmability through smart contracts, asset tokenization, and seamless integration with DeFi. These features can enhance liquidity, automate transactions, and make CBDCs a cornerstone of modern economic operations.
The report also references some global experiences, such as China's digital yuan and Peru's offline pilot projects in rural areas, which are exemplars of technological application and innovation.
However, there are challenges in implementing this, such as how to ensure compatibility between this digital currency and the payment systems we currently use, how to protect our privacy without violating regulations, and how to guard against online attack threats.
Nonetheless, the Bank for International Settlements emphasizes that this proposal is also a flexible framework, intended to encourage discussion and gather ideas and opinions from everyone.
💬 What are your views on the development prospects of the hybrid digital currency model? What expectations do you have for the real-world applications of CBDC in the future financial world?
#数字货币 #CBDC #金融创新 #BIS
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🟡 Starting in 2025, banks will be allowed to hold crypto — but not more than 2% of their capital
International banks will be able to invest in cryptocurrency — but not more than 2% of their funds. This decision was made by central banks around the world to provide banks with clear rules.
Here’s how it works:
• If the cryptocurrency is reliable — for example, a stable stablecoin or a token pegged to the dollar — the bank can hold it.
• If the crypto is risky (for example, Bitcoin or uncollateralized altcoins) — such assets will be strictly limited.
Why this is important:
— Previously, banks feared crypto — now they have been given the green light, but with a safety belt.
— This will help large crypto projects get closer to traditional finance.
— And for us, this means that crypto is becoming an increasingly "official" part of the economy.
Subscribe to understand how the world is accepting crypto — in simple terms and without fluff 🟡
#bitcoin #crypto #banks #regulation #BIS $BTC $ETH $XRP
International banks will be able to invest in cryptocurrency — but not more than 2% of their funds. This decision was made by central banks around the world to provide banks with clear rules.
Here’s how it works:
• If the cryptocurrency is reliable — for example, a stable stablecoin or a token pegged to the dollar — the bank can hold it.
• If the crypto is risky (for example, Bitcoin or uncollateralized altcoins) — such assets will be strictly limited.
Why this is important:
— Previously, banks feared crypto — now they have been given the green light, but with a safety belt.
— This will help large crypto projects get closer to traditional finance.
— And for us, this means that crypto is becoming an increasingly "official" part of the economy.
Subscribe to understand how the world is accepting crypto — in simple terms and without fluff 🟡
#bitcoin #crypto #banks #regulation #BIS $BTC $ETH $XRP
🚨 NEW from BIS: Crypto & DeFi have reached “critical mass” — now posing potential risks to the traditional financial system.
⚠️ BIS warns it could widen wealth gaps
🌐 Recommends adding KYC, disclosure, and compliance frameworks to DeFi
⚖️ The call for regulation is getting louder.
#DeFi #Crypto #BIS #Regulation #blockchain
⚠️ BIS warns it could widen wealth gaps
🌐 Recommends adding KYC, disclosure, and compliance frameworks to DeFi
⚖️ The call for regulation is getting louder.
#DeFi #Crypto #BIS #Regulation #blockchain
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