While the central banks of some countries are hoping to be a part of the virtual currency revolution the Bank for International Settlements (BIS) is concerned about the repercussions of going digital. A cashless society is definitely the way of the future a future that some governments and banks are trying to be a part of. Central bank digital currencies (CBDCs) may be an abomination of decentralized cryptocurrencies but it is happening. Swedenβs Riksbank is Read More The post Central Bank Digital Currencies Could Destabilize the Global Economy Says Bank for International Settlements (BIS) appeared first on Bitcoinist.com. via ICGO https://www.icgo.co.uk/redirect/?url=http://bitcoinist.com/central-bank-digital-currencies-destabilize-global-economy-says-bank-international-settlements-bis/