Report recommends leveraging existing framework to enable crypto to deliver benefits as a payment mechanism
Central bank proposal would disintermediate banks and curb deposit funding
Staking scheme required registration, regulators alleged
Regulators' actions show that code is not above the law
Blockchains inherently enable front running and other activity that's offside in traditional financial markets
Blockchain model can't create network effects needed for economic exchange
Policymakers advised to start considering measures before threat materializes
Differing regulatory approaches are likely to split the sector, report suggests
The firm is targeting high-net-worth investors willing to take a risk on an asset with growth potential
BIS Innovation Hubs lay out project lineup for year ahead