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

1 answers

• Jan 15, 2022 · 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.
  938469