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Can Crypto-Assets Play a Role in Foreign Reserve Portfolios? : Not Today, and Likely Not in the Near Future (Английский)

Citing crypto-assets’ growing market capitalization and footprint and evolving market structure, institutional investors, including central banks, have been exploring exposures to crypto-assets and reviewing whether including these instruments in their portfolios is reasonable. The authors discuss the potential role of crypto-assets in central bank reserve portfolios and argue that these instruments do not at present meet the eligibility criteria...
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