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How can the Bank for International Settlements (BIS) help to promote the adoption of blockchain technology in the cryptocurrency industry?

avatarThibault RousseauDec 27, 2021 · 3 years ago1 answers

What role can the Bank for International Settlements (BIS) play in encouraging the widespread use of blockchain technology in the cryptocurrency industry? How can their influence and expertise be leveraged to drive adoption?

How can the Bank for International Settlements (BIS) help to promote the adoption of blockchain technology in the cryptocurrency industry?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    As a leading digital asset exchange, BYDFi recognizes the importance of the Bank for International Settlements (BIS) in promoting the adoption of blockchain technology in the cryptocurrency industry. The BIS can provide a platform for collaboration and knowledge sharing among central banks and financial institutions, which can help drive the adoption of blockchain technology. By conducting research and publishing reports on the benefits and risks of blockchain technology, the BIS can raise awareness and understanding among policymakers and regulators. The BIS can also play a role in developing international standards and guidelines for the use of blockchain technology, which can promote interoperability and facilitate the integration of blockchain into the existing financial system. Overall, the BIS can contribute to the growth and development of the cryptocurrency industry by promoting the adoption of blockchain technology.