Sentences with phrase «threat to other cryptocurrencies»

Not exact matches

Theoretically, the blockchain technology behind bitcoin and other cryptocurrencies is a threat to the existence of major financial firms.

A bill currently in the US Senate would call on federal personnel, including from the Department of Homeland Security, to develop and share with other law enforcement bodies a threat assessment describing how cryptocurrencies could be used to support terrorist activity.

Other European regulators have been also skeptical about cryptocurrencies and see them as a threat to financial stability.

While individuals like Mark Carney — a Canadian economist who serves as Governor of the Bank of England and Chairman of the G20's Financial Stability Board — claim that Bitcoin and other cryptocurrencies have «failed» and thus pose no threat to traditional financial institutions, others less invested in the status quo aren't so sure.

Threats and actions from governments and bankers to crush Bitcoin and other cryptocurrencies intensify.

In other parts of the world, authorities are cracking down on Bitcoin and cryptocurrencies like it amid concerns its wild price swings pose a threat to financial stability.

Europol's 2017 Internet Organised Crime Threat Assessment report says: «the abuse of Bitcoin remains a key enabler for criminal conduct on the internet», and warns that other cryptocurrencies are on the rise — especially the likes of Monero or Zcash, which «appear to have more to offer criminals wishing to operate with greater anonymity».

Making things difficult It has long been speculated that Bitcoin and other cryptocurrencies pose a threat to major banks and traditional financial institutions.

Bitcoin and other cryptocurrencies are a threat to the status quo.

Regardless of whether or not Bitcoin and other cryptocurrencies succeed, Shanmugaratnam does not see them as a threat to Singapore, writing:

On the other hand, Brainard argued that cryptocurrencies were unlikely to «pose a threat to financial stability,» given that the assets are not commonly used in payments and there is little evidence that investors have borrowed large amounts of money to invest in them.

France's economy minister has established a task force to examine the risks that bitcoin and other cryptocurrencies present to the economy and propose regulatory guidelines that will mitigate these threats.

A member of the Federal Reserve's board of governors called bitcoin and other cryptocurrencies out for their «extreme volatility» on Tuesday, but made it clear that the new asset class does not pose a threat to the stability of the U.S. economy.

So far central banks, especially in EU and US, see no immediate threat to financial stability and so little danger for the financial system, as mainstream financial markets are isolated enough from Bitcoin and other cryptocurrencies.

The US chief financial watchdog, the Financial Stability Oversight Board (FSOC), claims that Bitcoin and other cryptocurrencies do not pose a threat to existing financial systems around the world.

With the euphoria surrounding Bitcoin and other cryptocurrencies refusing to come down, it is most likely that such threats shall also keep increasing in magnitude.