Carstens (BRI) also changes its mind about cryptocurrencies

Carstens (BRI) also changes his mind about cryptocurrencies - Augustin Carstens

If in recent days the change of direction has caused a great uproar Jamie Dimon on cryptocurrencies, it seems that the CEO of IPMorgan Chase is not the only prominent name in international finance to show signs of repentance on the subject. In the last few hours, in fact, even the general director of the Bank for International Settlements (BIS) Augustin Carstens he made a series of quite surprising statements, which show a completely different position from those he had expressed in the past, even recently.

The statements of Augustin Carstens

Carstens' statements were made during a detailed interview granted to Financial Times, during which the number one of the BIS has not only opened up to cryptocurrencies, but also strongly supported the creation and issuance of digital versions of national fiat currencies, stating that many central banks are already actively engaged in this regard.

This is precisely the passage that aroused the greatest sensation among those who remembered how Carstens himself, in February, had resolutely closed before a possible hypothesis in this sense. A closure that at the time was motivated by the fact that a race towards innovation made by burning the stages could ultimately prove to be a harbinger of great dangers for the financial system. Position that basically confirmed what was said previously about the decentralization principle on which Bitcoin is based and on mining of digital uniforms. A position that was then taken to extremes by the similarity between virtual currencies and Ponzi scheme, the same one evoked by Davide Serra.

Is the scenario changing?

Naturally the words pronounced by Carstens were favorably received by the proponents of digital assets, after a period in which Much of traditional finance had shown a strong aversion to BTC and its sisters. Also because they sound like an authoritative endorsement to those previously pronounced by Jamie Dimon, another bitter enemy until a few months ago of cryptocurrency which now seems to have passed into the ranks of the advocates of a digital economy placed at the service of the banking sector, to which it could effects to ensure a considerable basket of benefits.

Thus the party of those opposed to the digital economy seems to fall apart, although there are still strong ones concerns of the political world in front of the completely new scenarios prefigured by the arrival on the scene of Libra, the digital uniform of Facebook which seems destined to have a considerable weight in the discussion of the coming months.

Just the disruptive force with which the virtual currency of Mark Zuckerberg it is appearing on the markets has been interpreted by several parties as a situation full of dangers, as it would inaugurate the era in which the multinationals could beat their own currency, even if digital, thus assuming a position even stronger than that of national states. A completely new perspective that is sowing considerable concerns in the political world, as shown in particular by the reactions received by the United States Congress.