Major Digital Currency Report From The Bank For International Settlements
Plus intrigue at Steem, a LINE exchange for the US, and ATHs for DEXs
Happy March, Blockfolians!
The Bank for International Settlements is the central bankers central bank. It is, to some hardcore crypto-ites, the end boss of end bosses when it comes to reimagining the global monetary system. A year ago, BIS GM Agustin Carstens argued in a speech that there was “no demand” for central bank digital currencies.
What a difference a year makes. Today, the BIS published their 150+ page quarterly report, the vast majority of which was dedicated to…you guessed it - digital currencies.
Of course, this doesn’t mean that BIS is suddenly pro-crypto. But it does suggest that the forces that cryptocurrency is unleashing in the world are now firmly and officially not ignorable by the legacy financial system.
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Highly Relevant Reading
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A Small (But Important) Number You Should Be Paying Attention To
That’s the number of bitcoin addresses that have been added to OFAC’s list of sanctioned individuals. The crime narrative continues to be one of the most challenging this industry faces.
You’re telling us, Doug.