Agustín Carstens

Bank of International Settlements Says China's Digital Yuan Will Not Have 'First Mover Advantage'

Video

Bank of International Settlements Says China’s Digital Yuan Will Not Have ‘First Mover Advantage’

Bank of International Settlements General Manager Agustin Carstens pushed back against claims that China’s digital yuan would give the country a “first mover advantage” in the...

Bank of International Settlements Says China's Digital Yuan Will Not Have 'First Mover Advantage'

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Apr 1, 2021 at 7:22 p.m. UTC

Apr 1, 2021

ChinaCBDCsCentral Bank Digital CurrenciesNikhilesh DeCDTVFM ClipBank of International SettlementsDigital YuanAgustín Carstens

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Markets

BIS Chief Blasts Bitcoin's Viability, Prompting Blowback From Advocates

Bitcoin maximalists cried foul at the central banker's prognostications.

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By Danny Nelson

Jan 27, 2021 at 9:20 p.m. UTC

Jan 27, 2021

BitcoinBISAgustín Carstens

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Policy

Federal reserve

Major Meeting of Central Banks Produces Same Old 'Evaluating' CBDCs Refrain

CBDCs continue to draw attention from central bankers, but panelists at an IMF event – including the Federal Reserve – do not expect to see their nations launch one soon.

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By Nikhilesh De

Oct 19, 2020 at 2:53 p.m. UTC

Oct 19, 2020

Federal ReserveAgustín CarstensJerome PowellCBDCs

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Markets

BIS Chief: Central Banks May Issue Digital Currencies 'Sooner Than We Think'

The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies.

carsten

By Daniel Palmer

Jul 1, 2019 at 8:00 a.m. UTC

Jul 1, 2019

FacebookLibraRegulationNewsCentral BankingBISCentral Bank Digital CurrencyAgustín Carstens

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Markets

Central Banks See 'No Value' in Issuing Digital Currency: BIS Chief

BIS chief Agustin Carstens has said that central banks are wary about issuing digital currencies due to the "huge operational consequences."

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By Yogita Khatri

Mar 25, 2019 at 10:00 a.m. UTC

Mar 25, 2019

BankingRegulationNewsCentral BankingCapital MarketsBISAgustín CarstensBank for International SettlementsCBDCs

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Markets

BIS Chief to Crypto Coders: 'Stop Trying to Create Money'

Agustín Carstens, general manager of the Bank for International Settlements, made strong comments again on cryptocurrency.

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Jul 5, 2018 at 12:46 p.m. UTC

Jul 5, 2018

NewsBISAgustín Carstens

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Markets

Nouriel roubini

Economist Roubini: 'Crypto Crazies' Are 'Cyber Terrorists'

Noted economist Nouriel Roubini resumed his criticism of cryptocurrencies on Twitter Tuesday, calling the tech's enthusiasts "crypto-crazies."

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By Annaliese Milano

Feb 6, 2018 at 7:00 p.m. UTC

Feb 6, 2018

Nouriel RoubiniBitcoinNewsAgustín Carstens

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Markets

BIS Chief Slams Bitcoin As Ponzi Scheme and Threat to Central Banks

The head of the Bank for International Settlements has blasted bitcoin as "a bubble," "a Ponzi scheme" and an "environmental disaster."

agustin_carstens_2009

By Annaliese Milano

Feb 6, 2018 at 4:00 p.m. UTC

Feb 6, 2018

BitcoinRegulationNewsCentral BankingCentral BanksAgustín CarstensBank for International Settlements

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Markets

Mexican Law Would Give Central Bank Oversight of Cryptocurrency Startups

Mexico's government is close to introducing legislation that would regulate fintech firms, including those that work with cryptocurrencies.

pesos

By Rachel-Rose O'Leary

Sep 19, 2017 at 4:00 p.m. UTC

Sep 19, 2017

LawMexicoRegulationNewsLegalAgustín Carstens

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Markets

Bank of Mexico Governor: Bitcoin More Commodity Than Currency

The highest-ranking official at Banco de Mexico has stated that the central bank is unlikely to classify bitcoin as a currency.

bank-of-mexico-governor

By Rachel-Rose O'Leary

Aug 28, 2017 at 1:30 p.m. UTC

Aug 28, 2017

RegulationNewsAgustín CarstensBusiness News