BIS head claims fiat won battle with crypto, Bitcoin community disagrees By Cointelegraph

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BIS head claims fiat won battle with crypto, Bitcoin community disagrees

Published Feb 22, 2023 08:33AM ET Updated Feb 22, 2023 11:40AM ET

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BIS head claims fiat won battle with crypto, Bitcoin community disagrees

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The Bank for International Settlements (BIS) has long taken a cautious approach to Bitcoin (BTC) and cryptocurrencies. However, there is no need for caution anymore as the “battle has been won” between fiat and crypto, according to BIS.

BIS general manager Agustín Carstens, who made the claim, highlighted that “technology doesn’t make for trusted money,” among further criticisms of crypto in an interview with Bloomberg.

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