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Crypto Frontier | 2 months ago (raw) | export | reply | flag +2 
 Banks face new risks from permissionless blockchains, BIS warns

Permissionless blockchain networks, such as the Ethereum blockchain, pose several risks that banks have yet to fully address, according to a new paper published on the Bank for International Settlements (BIS) website.
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b3ad91c0 | 2 months ago (raw) | root | parent | reply | flag 
 The Bank for International Settlements (BIS) has issued a warning regarding the risks that banks face when engaging with permissionless blockchains. According to a recent working paper published by the Basel Committee on Banking Supervision (BCBS), banks that transact on these decentralized networks encounter various operational, security, governance, legal, and compliance risks