BIS: Bitcoin growth could pose a financial system stability threat

In its Quarterly Review, the Bank for International Settlements (BIS) issued a warning to the central banks on the growth of cryptocurrencies such as Bitcoin.

Key Points via Bloomberg:

Central banks can't ignore the growth in cryptocurrencies as it could pose a risk to the stability of the financial system

CBs need to figure out whether to issue a digital currency, especially in countries where cash use is dwindling