BIS warns banks of emerging risks from permissionless blockchains.

BIS warns banks of emerging risks from permissionless blockchains.

Report

BIS warns banks of emerging risks from permissionless blockchains.

According to a recent paper published by the BIS, permissionless blockchains or similar distributed ledger technologies (DLTs) introduce several risks that banks are still grappling with. The paper considers the risks related to operations and security, governance, legal, compliance (including money laundering/financing of terrorism) and settlement finality.

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