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BIS study questions decentralization in DeFi liquidity provision

[Nov 20 8:34 AM] BIS researchers concluded that liquidity provision is not decentralized apart from its technical implementation. 

China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals

[Sep 11 3:30 AM] China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese…

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.

Basel Committee Gives Permissioned Stablecoins ‘Preferential Treatment’ in Amended Crypto Asset Standard Amidst Heavy Criticism

[Jul 19 1:30 PM] The Basel Committee, responsible for setting standards for bank regulation, has revised its crypto asset standard, introducing new considerations that impact stablecoins. The updated standard favors permissioned stablecoins, such as JPM Coin, over…

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."

ECB’s Joachim Nagel Urges Central Banks to Evolve: ‘We Need to Work on Our Business Model’

[May 8 2:50 PM] Joachim Nagel, President of the Deutsche Bundesbank and Member of the Governing Council of the European Central Bank (ECB), has raised concerns about central banks’ business model. “If part of your core product is loosening…

Philosopher Yuval Noah Harari warns of AI’s risks in finance

[May 7 3:49 PM] The bestselling author, philosopher and historian sees grim potential for AI to get out of control in the financial system.

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.

BIS Chief Touts Benefits of CBDCs, Says Crypto Reveals ‘Poorly Designed and Poorly Supervised Financial Systems’ 

[Nov 8, 2023 2:30 PM] In a Wednesday speech in Basel, Switzerland, Bank for International Settlements (BIS) chief Agustín Carstens argued that central bank digital currencies (CBDCs) will “sit at the core of the future financial system,” bringing innovation and meeting…

Banks Must Disclose Crypto Exposures, Global Regulator Says

[Oct 17, 2023 4:42 AM] The guidance will ensure transparency and market discipline, the Basel Committee on Banking Supervision said

Banks Would Have to Disclose Crypto Holdings Under New BIS Plan

[Oct 5, 2023 8:00 AM] The Basel Committee on Banking Supervision previously recommended swingeing capital constraints on holdings of unbacked cryptocurrency

Central Bank Group Unveils Data Project Mapping Crypto Transfers

[Oct 4, 2023 2:00 AM] The new data source, which also maps off-chain flows, could underpin future crypto regulations, according to the German-Dutch central bank project.

Crypto Era Looms: BIS Innovations Chief Calls On Central Banks To Prepare

[Oct 2, 2023 5:04 AM] Central banks worldwide must be proactive in adapting to the fast-evolving crypto landscape, urged Cecilia Skingsley, the head of the Innovation Hub at the Bank for International Settlements (BIS).  Speaking at the New York Fed Conference on…

Hong Kong-Israel CBDC Project Examines Security, Privacy, Accessibility

[Sep 12, 2023 2:55 AM] Central banks say their new technology can be secure and accessible while promoting privacy

Crypto’s ‘Illusory Appeal’ Should Be Met by Regulation, Not Bans, BIS Study Says

[Aug 22, 2023 6:00 AM] Bitcoin ETFs could boost adoption because digital assets offer an escape route for state-imposed capital controls, a grouping of central bankers from the Americas said.

Crypto Can’t Be Used as Money Due to ‘Inherent Flaws,’ BIS Tells G20

[Jul 11, 2023 3:00 AM] Central bankers, wary of displacing their own fiat currencies, pointed to the past year's prominent hacks and collapses.

15 Retail CBDCs Likely by 2030, BIS Study Says

[Jul 10, 2023 3:00 AM] A survey conducted by the Bank for International Settlements found 93% of central banks worldwide were engaged in digital currency work in 2022.

Report: UAE Central Bank Implements Digital Currency Strategy

[Mar 29, 2023 2:30 AM] The central bank in the United Arab Emirates said it has started implementing its digital currency strategy with partners G42 Cloud and R3. According to the central bank, the digital currency initiative is expected to “further position and…

Crypto Banking Rules Could Be Modified if Market Reacts, Basel Committee Chair Says

[Mar 28, 2023 8:57 AM] Controversial rules unveiled last year would discourage banks from holding assets such as bitcoin that are deemed risky

BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment Model

[Mar 8, 2023 2:30 AM] The Bank for International Settlements (BIS) has released a report summarizing the “Project Icebreaker” trial, which explored the potential advantages and difficulties of utilizing a retail central bank digital currency (CBDC) in…

BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning

[Feb 22, 2023 11:30 AM] According to Agustin Carstens, the head of the Bank for International Settlements (BIS), cryptocurrencies have lost the “battle” against fiat currencies issued by the world’s central banks. While speaking at the Monetary Authority…

Most Retail Crypto Investors Lost Money Over the Last 7 Years, According to BIS Analysis

[Feb 21, 2023 1:30 PM] According to data from the Bank for International Settlements (BIS), published in the latest BIS Bulletin No. 69, researchers assessed that, on average, most users lost money on their investments over the past seven years. Onchain data, metrics…

Bitcoin buyers drawn by rising prices, not dislike for banks: BIS report

[Nov 14, 2022 8:02 PM] The Bank for International Settlements (BIS) studied the main motives behind Bitcoin adoption by retail investors.