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This report reviews the key elements of the crypto ecosystem and assesses their structural flaws. There are three main takeaways. First, due to underlying economic incentives, the crypto ecosystem is characterised by congestion and high fees, which lead to Crypto’s “inherent structural flaws” make it unsuitable as a monetary tool, the Bank for International Settlements said in a report sent to finance ministers of the world’s twenty largest economies. Crypto’s “inherent structural flaws” make it unsuitable as a monetary tool, the Bank for International Settlements said in a report sent to finance ministers of the world’s twenty largest According to the BIS, DeFi does not essentially finance activity in the real economy. The growth is driven by the “speculative influx” of new users, the report alleged. This poses substantial risks to investors, the BIS contended. In a report submitted to the G20 leaders, the Bank for International Settlements (BIS), outlined the key elements of the crypto ecosystem while assessing its structural flaws. BIS is an international financial institution that acts as a bank for central banks. The specific characteristics of cryptocurrencies make them unsuitable for use as a monetary asset. This was the message sent by the Bank for International Settlements (BIS) to the finance ministers of the G20, the world's twenty largest economies. Altogether, this means that crypto is “unsuitable to play a significant role” as money in the world, the BIS report concluded. A report from the Bank for International Settlements (BIS) says “inherent structural flaws” in crypto as the reason why it will never become money. The report, which was sent to the finance ministers of the world’s twenty largest economies, raises concerns about the “inherent structural flaws” of cryptocurrencies. The BIS argues that cryptocurrencies are unstable, inefficient, and lack accountability.

Crypto Unsuitable as Money: BIS Informs G20 Nations of "Inherent Structural Flaws"

Is cryptocurrency a viable form of money? According to the Bank for International Settlements (BIS), the answer is a resounding no. In a report submitted to the G20 leaders, the Bank for International Settlements (BIS), outlined the key elements of the crypto ecosystem while assessing its structural flaws. The specific characteristics of cryptocurrencies make them unsuitable for use as a monetary asset. This was the message sent by the Bank for International Settlements (BIS) to the finance ministers of the G20, the world\'s twenty largest economies.

A report from the Bank for International Settlements (BIS) says “inherent structural flaws” in crypto as the reason why it will never become money. The report, which was sent to the finance ministers of the world’s twenty largest economies, raises concerns about the “inherent structural flaws” of cryptocurrencies. Crypto’s “inherent structural flaws” make it unsuitable as a monetary tool, the Bank for International Settlements said in a report sent to finance ministers of the world’s twenty largest economies. BIS is an international financial institution that acts as a bank for central banks.

BIS Report Highlights Key Issues with Crypto Ecosystem

This report reviews the key elements of the crypto ecosystem and assesses their structural flaws. There are three main takeaways. First, due to underlying economic incentives, the crypto ecosystem is characterised by congestion and high fees, which lead to instability, inefficiency, and a lack of accountability. Altogether, this means that crypto is “unsuitable to play a significant role” as money in the world, the BIS report concluded.

DeFi Under Scrutiny

According to the BIS, DeFi does not essentially finance activity in the real economy. The growth is driven by the “speculative influx” of new users, the report alleged. This poses substantial risks to investors, the BIS contended.

In conclusion, Crypto’s “inherent structural flaws” make it unsuitable as a monetary tool, the Bank for International Settlements said in a report sent to finance ministers of the world’s twenty largest economies. The BIS argues that cryptocurrencies are unstable, inefficient, and lack accountability.

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