treasury

“In many places criminal groups control the police chiefs, the local treasuries, the mayors,” noted Víctor Manuel Sánchez, a professor at the Autonomous University of Coahuila.

Skeptics have been anticipating the pullback, given that crypto treasuries often trade at a premium to the underlying value of the tokens they hold.

One source within the treasury told BBC News NI changes to the scheme are being considered, with the chancellor being concerned about potential "unfairness".

Lyons then assumes a 1 basis-point decline in each quarter of the new fiscal year, and adds a markets and treasury contribution of between 10 and 12 basis points.

But she says the process won’t be a drain on foreign treasuries.