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BIS general manager Warns Against a “Systemic Threat” Of Cryptocurrencies

BIS general manager worries about a “Systemic Threat” Of Bitcoin,

BIS general manager worries about a “Systemic Threat” Of Bitcoin, Prompts “Pre-emptive regulation” From Law enforcement “If authorities do not act pre-emptively, cryptocurrencies could become more interconnected with the main financial system and become a threat… ” The general manager of the Bank for International Settlements (BIS) has pummeled bitcoin as a “combination of a bubble, a Ponzi scheme, and an environmental disaster.” Augustin Carstens asked Tuesday the sustainability of bitcoin and other cryptocurrencies and suggested federal government had a responsibility to shut down on the monetary technology

 

 

 

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A Small Canadian Bank Announced a Digital Safe Storage For Bitcoins

 

VersaBank, a Virtual Canadian chartered bank, is creating an innovative “Blockchain-based digital safety deposit box” for bitcoin and other cryptocurrencies.

The Bank stated the hiring of a Chief Architect of Cyber Security to supervise a group of engineers in developing a unique Blockchain-based digital safety deposit box, named as the VersaVault. The service will be available by June and will serve as a means to reserve cryptocurrencies.

It is very common that physical property and assets such as precious metals stored in Switzerland, Hong Kong, and even Singapore, but when it comes to digital assets, could the country of choice soon be Canada? President and CEO David Taylor sure hopes so and has positioned the bank to become a global leader in digital asset security from the position of safety.

. “The bank wouldn’t have any backdoor to open up the vault; we’re just providing the facility that folks could put their digital keys in.”
It is yet not known how more reliable a “blockchain-based” crypt will compare to basic  hard drives

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A Small Canadian Bank Announced a Digital Safe Storage For Bitcoins
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Adopting Anger Management Skills that Work

Adopting Anger Management Skills that Work There are plenty of, many positive techniques and skills related to anger management. Anger management seems to affect many people in society. It is imperative to design and create methods, teach skills, provide counselling and provide appropriate care and support. Since anger issues affect individuals from childhood to adulthood, … Continue reading Adopting Anger Management Skills that Work
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Adopting Anger Management Skills that Work
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