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Crypto Can’t Be Used as Money Due to ‘Inherent Flaws,’ BIS Tells G20

Central bankers, wary of displacing their own fiat currencies, pointed to the past year's prominent hacks and collapses.

Updated Jul 12, 2023, 7:10 a.m. Published Jul 11, 2023, 9:00 a.m.
BIS headquarters in Basel, Switzerland.
BIS headquarters in Basel, Switzerland.