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Central Banks Warned to Weigh Risks of Virtual Currencies

A global financial body warns central banks should carefully weigh the risks before introducing their own virtual currencies, saying such innovations could risk destabilizing banking systems and unleash disruption across borders. But it said some forms of digital innovation could help by making trading in stocks and currencies more efficient. Monday's report from the Bank for International Settlements, an international organization for central banks in Basel, Switzerland, says...

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