Crypto is a ‘speculative vehicle’ and should be regulated, says boss of central bank group BIS

Cryptocurrencies are used to evade laws and should face more regulation, according to the general manager of the Bank for International Settlements (BIS). Many digital coins are “used to do some arbitrage, or to circumvent some regulations,” Agustin Carstens told CNBC’s Joumanna Bercetche in an interview aired Wednesday.
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