could this be a measure that banks would use to restrict cryptocurrency use among the population, and a way for them to prevent cryptocurrency providers from reaching a broader investor base?
Agustin Carstens, former governor of Mexico's central bank, and current head of the Bank for International Settlements said that bitcoin
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threatened to undermine public trust in central banks and posed a threat to financial stability, and he signalled a global clampdown.
“If authorities do not act pre-emptively, cryptocurrencies could become more interconnected with the main financial system and become a threat to financial stability,” he said.
“If authorities do not act pre-emptively, cryptocurrencies could become more interconnected with the main financial system and become a threat to financial stability,” he said.
so they're speaking out now. there's actual fear in his words there, and they do not want digital assets to become "interconnected" with the financial system.
conversion to fiat would be difficult for those of us who need fiat for daily use or for emergency use.
what's your take on this and care to offer any possible solutions for all of us in cryptospace?
cheers....