The general manager of the Bank of International Settlements (BIS) Agustin Carstens has renewed the institution’s attacks on cryptocurrency, calling them “a bubble, a Ponzi scheme and an environmental disaster.” Carstens: Crypto ‘Fails Dramatically’ As Money In an interview with Swiss news outlet Basler Zeitung, published June 25 with a translation on BIS’ own website July 4, Carstens hit out at Bitcoin’s popularity and said no cryptocurrency would have a “happy ending.” “Cryptocurrencies do notRead MoreThe post ‘Stop Trying to Create Money,’ BIS Chief Tells Young Bitcoiners appeared first on Bitcoinist.com. For Further Information Click on Below Button