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Central banks favor legacy instant payment systems over CBDCs

[Nov 29 7:38 PM] TradFi looks safe on the international payments market for the foreseeable future, despite advances in blockchain solutions.

Central Bank Group BIS Names Hernández de Cos as Next General Manager

[Nov 12 3:13 PM] ES Pablo Hernández de Cos has called for digital euro implementation and helped put in place global crypto banking rules.

BIS Drops Mbridge Project Participation: It Was ‘Not Created to Serve the BRICS’

[Nov 1 4:01 PM] The BIS announced it was abandoning Mbridge, a project aimed at using CBDCs to interconnect the financial systems of several countries, due to its potential to help BRICS nations sidestep economic sanctions. BIS Abandons Mbridge Project for…

BIS distances from Project mBridge amid BRICS sanctions concerns

[Oct 31 5:33 PM] Economic sanctions have a profound effect on international financial architecture, it turns out.

BIS Considers Ending Mbridge Project Over BRICS Connections, but Is It Too Late?

[Oct 30 9:30 AM] While conversations about ending the CBDC-enabled international settlements project have focused on its links to BRICS, Mbridge has already reached the MVP stage, and members could choose to continue it without support from the BIS. BIS Considers…

As BIS Mulls Shutting Down mBridge, Its Innovation Hub Calls The Project a ‘Public Good’

[Oct 29 9:47 AM] An international payments project backed by China, the UAE, Thailand and Hong Kong is raising concerns in Washington.

International agencies report on tokenization to G20 officials

[Oct 22 8:27 PM] The Bank for International Settlements and the Financial Stability Board have similar views on tokenization — it could provide new benefits and familiar challenges.

Tokenization Could Pose Risks to Financial System, FSB and BIS Warn

[Oct 22 3:36 PM] The Financial Stability Board identified three vulnerabilities of tokenization: The underlying reference asset; the participants in distributed ledger technology based tokenization projects; and new technology's interaction with legacy systems.

41 firms join BIS Project Agora to advance unified ledger applications

[Sep 16 8:41 PM] The large private companies will work with seven central banks on improving structural inefficiencies in international transfers.

More than 40 Firms Join Central Bank Group to Explore Tokenization for Cross-Border Payments

[Sep 16 4:00 PM] More than 40 financial firms will join central bank group the Bank for International Settlements to explore how tokenization can enhance wholesale cross-border payments in Project Agorá, the BIS said on Monday.

Banks Using Permissionless Blockchains for Transactions Face Multiple Risks: BIS

[Aug 29 11:03 AM] Banks that transact on permissionless blockchains face multiple risks, including money laundering and terrorism financing, the Basel Committee on Banking Supervision said.

BIS, Bank of England unveil Project Pyxtrial for stablecoin monitoring

[Jul 31 9:19 PM] The proof-of-concept showed that real-time monitoring of stablecoin reserves could be achieved with cooperation among regulators, technologists and issuers.

Stablecoin Balance Sheets Can Be Supervised, BIS and UK Central Bank Project Claims

[Jul 31 3:25 PM] Project Pyxtrial is a first step towards a tool that could support supervisors and regulators in proactively detecting issues in stablecoin backing, the report said.

Basel Committee finalizes crypto exposure rules for banks

[Jul 3 3:40 PM] The committee is unveiling the standards later in July, culminating a yearslong process.

BIS Report Warns of Rising Public Debt Risks to Global Economies

[Jul 1 11:34 PM] The Bank for International Settlements (BIS) Annual Economic Report 2024, published on June 30, highlights the significant risks posed by rising public debt levels across both advanced and emerging market economies. The report stresses that without…

Market Confidence Could Quickly Crumble, BIS Warns Indebted Nations

[Jul 1 5:53 AM] BIS, the umbrella body for central banks highlights, highlights risks from mounting fiscal debt worldwide and premature rate cuts.

BIS Survey: 94% of Central Banks Exploring Digital Currency

[Jun 14 9:35 PM] The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies…

More Central Banks Are Exploring a CBDC, BIS Survey Finds

[Jun 14 5:08 AM] There's a greater chance of a wholesale CBDC being issued within six years than a retail one, according to the report.

BIS inaugurates Toronto Innovation Centre with Bank of Canada

[Jun 14 2:30 AM] Bank of Canada Governor Tiff Macklem said that as finance evolves, the industry must innovate and apply new skills, allowing Canadians to benefit from advancements.

Cross Border CBDC Project Mbridge Enters MVP Stage

[Jun 6 9:31 PM] Project Mbridge, the cross-border central bank digital currency (CBDC) project that seeks to integrate several currencies into a global network, has reached its minimum viable product stage. This means that each one of the participant central banks…

Saudi Arabia Joins BIS’ CBDC Project mBridge as a Full Participant

[Jun 6 3:59 PM]

Private firms to join global central bank CBDC project

[Jun 5 6:05 AM] As Project mBridge enters its MVP phase, the BIS is inviting private sector firms to propose new solutions and use cases to further develop and showcase the platform’s potential.

Israel to Start Digital Shekel Challenge to Develop Payment Use Cases

[May 29 6:26 AM] Israel's central bank is launching a challenge on the use of a central bank digital currency in payments as part of an "action plan for a possible issuance of the digital shekel."

Central banks turn to generative AI for enhanced cybersecurity: BIS

[May 28 2:34 AM] Central banks are increasingly adopting generative AI for cybersecurity, with a BIS report indicating that 71% are already using it and more planning to follow.

Public blockchain ledgers ‘not fit for purpose,’ says JPMorgan exec

[May 8 8:40 AM] Despite the criticism, TradFi institutions still prefer using public blockchains for real-world asset tokenization.

BIS Boss Coins ‘Finternet’ Term, Touts Tokenization as Tool for Solving Today’s Financial System Shortcomings

[Apr 16 9:28 PM] BIS Head Agustin Carstens and Infosys co-founder Nandan Nilekani have proposed the idea of the “Finternet,” an interconnected financial system led by tokenized assets that would help to overcome today’s shortcomings in transacting…

Financial Stability Study Calls for Consistent Regulatory Response to Stablecoins

[Apr 9 6:00 AM] Countries have varying definitions and categorizations for stablecoins that may pose a risk to financial stability, the report by the Financial Stability Institute said.

BIS Announces Project Agorá: Central Banks Bet on Tokenization for Cross Border Settlements

[Apr 7 7:31 PM] The Bank for International Settlements, the central banks’ bank, announced the launch of Project Agorá, a joint private-public initiative seeking to examine the potential benefits of tokenization for improving cross-border settlements. Agorá…

Central Bank Group Starts Tokenization Project to Enhance Monetary System

[Apr 3 8:00 AM] The project will investigate the integration of tokenized commercial bank deposits with central bank money using smart contracts and programmability, the Bank for International Settlements said.

DeFi Borrower Behavior Key to Gauging Tokenization Risks: BIS Study

[Mar 14 4:44 AM] The study was designed to look at the largely unexplored "intricacies" of user behavior and dynamics of decentralized finance lending, the authors said.