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Crypto risks

Former Chinese Finance Minister Lou Jiwei Warns of Crypto Risks

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🚀 Stay Ahead with AltcoinDaily.co! 🌐 During a speech at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei urged China to scrutinize the rapid advancements in cryptocurrency. His comments reflect growing concerns within China’s financial sector about the impact of digital currencies on global markets. Cryptocurrency’s Threat to…

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BIS Highlights Risks for Banks in Using Permissionless Blockchains

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BIS says banks face risks such as operational, security, governance, legal, and compliance issues with permissionless blockchains. Open blockchains raise privacy concerns with visible transactions, and pseudonymity offers limited protection from cyberattacks. The Bank for International Settlements (BIS) recently highlighted the complexities and risks banks face when engaging with permissionless blockchains in its latest working…

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