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BIS Chief Fears "Systemic Threat" Of Bitcoin, Urges "Pre-emptive Action" From Au

•, by Tyler Durden

Bloomberg reports that in his first major public speech as head of the Bank for International Settlements, Agustin Carstens argued that central banks -- along with finance ministries, tax offices and financial market regulators -- should police the "digital frontier." He said they must ensure a level playing field and functioning payment systems, and safeguard the "real value" of money.

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