BIS Sounds The Alarm: 90% Of Crypto Payments Are Pure Speculation
16h05 ▪
3
min read ▪ by
A new report from the Bank for International Settlements (BIS) highlights a disturbing reality. Cross-border flows in crypto reach $600 billion, but with a strong dominance of speculation. Behind the apparent rise of cryptocurrencies, global finance is encountering its old demons again.
In brief
- The majority of global crypto flows are driven by speculation, according to a BIS report.
- Bitcoin and stablecoins also serve as an alternative solution to costly transfers in emerging…
