Question
2. Go the website of the Bank for International Settlements. Give a brief account as to why the BIS has determined cryptocurrencies to be of
2. Go the website of the Bank for International Settlements. Give a brief account as to why the BIS has determined cryptocurrencies to be of the highest risk category. What banking measures is the BIS proposing banks to counter the high risks involved with cryptocurrency use? Please explain. Think and suggest one other measure that you think would supplement the BIS proposals. Name at least one other high risk financial asset currently accepted by banks. What measures is the BIS proposing to mitigate the high risk of this asset. Please search and report.
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