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Usage of the digital assets is growing rapidly, but concerns remain about supervision and their impact on other parts of the financial system
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In spite of efforts to bring it into the mainstream, the cryptocurrency remains one step removed from money

Asset-backed digital currencies could pose risks to bedrock of global financial system

Banks say rules governing the digital currency are a risk to financial stability. Are they just trying to stamp out competition?

Fears that they make it easier for criminals to move money around are based on a misconception

They are no substitute for money, even if usage is growing fast

The crypto tokens are not yet safe enough to be used at scale in the settlement of large, wholesale financial transactions