Crypto industry will 'come up with new things' and national digital currencies are moving ahead despite recent turmoil, BIS says

• Cryptocurrencies will likely re-emerge from last year's turmoil, according to the Bank for International Settlements. 
• "I would assume that the industry will learn from these failures and they will come up with new things," BIS Innovation Hub chief Cecilia Skingsley told Reuters.
• She also said the downturn in crypto hasn't derailed central bank digital currency projects. 

Cryptocurrencies will likely re-emerge from last year's turmoil, according to the Bank for International Settlements' head of innovation Cecilia Skingsley. 

The BIS, the finance body that essentially oversees global central banks, has been deeply skeptical of crypto in the past, even comparing it to a Ponzi scheme. And the past year has seen the collapse of FTX and firms like Three Arrows Capital.