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Kazakhstan central bank reviews digital tenge pilot successes, next steps

[Dec 15, 2023 3:35 PM] The digital tenge has been used for everything from free school lunches to tokenizing gold, and there’s more to come.

Basel Committee suggests introducing maturity limits for stablecoin reserve assets

[Dec 14, 2023 5:52 AM] Should longer-term assets be allowed as reserve assets, the committee thinks these must overcollateralize the claims of stablecoin holders.

Central Banks Aren't Sufficiently Ready for CBDC Risks: BIS Report

[Nov 30, 2023 6:21 AM] The introduction of central bank digital currencies could have major implications on the stability, the report said.

BIS advises central banks to plan in advance for CBDC security

[Nov 29, 2023 12:30 PM] From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.

BIS Innovation Hub presents its ‘private CBDC’ project

[Nov 29, 2023 5:59 AM] The Bank for International Settlement’s Project Tourbillon features two eCash prototypes, the first providing “unconditional payer anonymity” and the second being “more resilient” in security terms.

Central Bank Project Shows CBDC Payments Can Be Private

[Nov 29, 2023 3:29 AM] The project is a first step in exploring privacy, security and scalability for central bank digital currency design, a report on the BIS initiative said.

BIS General Manager Agustin Carstens Touts Tokenization as Part of the Future Financial System

[Nov 25, 2023 7:30 AM] Agustin Carstens, general manager of the Bank for International Settlements (BIS), has discussed tokenization’s significance in modernizing the current siloed financial system. Carstens stated that only through tokenization can the world move…

South Korea to invite 100K citizens to test CBDC in 2024

[Nov 23, 2023 3:06 AM] Participants will be restricted to using the CBDC only for payment, without an option to store, exchange or send it to other users.

‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS

[Nov 17, 2023 4:02 PM] The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option.

CBDCs Like a Digital Dollar Face Doubts Without Privacy Protections, Key Organization Finds

[Nov 17, 2023 11:50 AM] A study found that privacy increases participants’ willingness to use a CBDC by up to 60% when purchasing privacy-sensitive products.

IMF head: CBDCs can replace cash, help financial inclusion

[Nov 15, 2023 3:17 AM] International Monetary Fund managing director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies.

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…

Stablecoins 'not a safe store of value': BIS

[Nov 8, 2023 1:00 PM] "Not one of the stablecoins assessed in this paper has been able to maintain their closing prices in parity with their peg," wrote the Bank for International Settlements.

BIS Researchers Say Stablecoins Are Failing to Live Up to Promise

[Nov 8, 2023 11:11 AM] For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said.

BIS general manager urges central banks to “lead innovation” for CBDCs

[Nov 8, 2023 5:12 AM] Agustín Carstens called CBDCs the “central element” of central bank leadership in innovation.

CBDCs Are 'Central' to Innovating Financial Systems, BIS Chief Says

[Nov 8, 2023 4:18 AM] Central banks will have a limited role to play relative to the private sector in CBDC issuance, the group's general manager Agustín Carstens said.

Project mBridge reveals details of its workings ahead of MVP, commercial debut

[Oct 31, 2023 2:15 PM] Project mBridge has put together a slick publication with lots of new information to let the world know what the hottest project in CBDC is.

Drawbacks of Stablecoin Cross-Border Use Outweigh Benefits: Global Payments Watchdog

[Oct 31, 2023 6:56 AM] Existing stablecoins aren't fully compliant with relevant regulatory requirements, a report by the Committee on Payment and Market Infrastructures said.

US OCC to host discussion on tokenization of real-world assets

[Oct 19, 2023 3:11 AM] The Office of the Comptroller of the Currency highlighted the “emerging divide” between crypto and tokenization and strongly criticized crypto for being “marked by rampant scams.“

Central banks want to look under crypto’s hood — Is this a positive sign?

[Oct 18, 2023 7:02 AM] The mere fact that the Deutsche Bundesbank, BIS and other financial incumbents want such information now suggests a tacit acceptance of crypto.

IMF director urges ‘financial inclusion’ via digitalization

[Oct 18, 2023 3:38 AM] IMF managing director Kristalina Georgieva says digitalization is “the most important way” to scale up financial inclusion.

Banks’ crypto exposure must be disclosed — BIS’ Basel Committee

[Oct 17, 2023 7:08 AM] The proposed regulations are currently open to the public for comments, and if approved, they will come into effect by Jan. 1, 2025.

Bank of Korea and BIS Prepare Wholesale CBDC Pilot

[Oct 7, 2023 4:30 AM] The Bank of Korea and the Bank for International Settlements (BIS) have announced a new pilot that will test the functionality of a Korean wholesale central bank digital currency (CBDC), which will serve as a tool for banks to settle interbank…

Basel Committee to consider disclosure requirements for banks’ crypto assets

[Oct 6, 2023 8:41 AM] The committee already imposes a limit on crypto holdings in bank reserves, but the concentration of crypto in a small number of banks contributed to the March crisis, it said.

Bank of Korea to start CBDC infrastructure pilot

[Oct 4, 2023 3:48 AM] The pilot will include private banks and public institutions, while the Bank for International Settlements (BIS) will provide expert technical support.

CBDC lays foundation for new global monetary system: French central bank

[Oct 4, 2023 3:00 AM] The first deputy governor at Banque de France calls central bank digital currency “the catalyst for improving cross-border payments.“

Central Banks Successfully Test Cross Border Trading of Wholesale CBDC Using DeFi

[Sep 28, 2023 4:03 AM] The Bank for International Settlements alongside the central banks of France, Singapore and Switzerland tested out using wholesale CBDC to conduct cross border trading.

France, Singapore and Switzerland test cross-border CBDCs

[Sep 28, 2023 3:08 AM] Project Mariana was developed under the aegis of the Bank for International Settlements.

CBDC frameworks must guard user privacy, monetary freedom of choice - BIS chief

[Sep 27, 2023 7:39 AM] BIS general manager Agustín Carstens stresses the importance of legal frameworks that protect CBDC user privacy and maintain monetary freedom of choice.

Countries Should Set Up Legal Frameworks to Support CBDCs: BIS Chief

[Sep 27, 2023 3:10 AM] It is unacceptable that unclear or outdated legal frameworks could hinder their deployment, Agustin Carstens general manager of Bank for International Settlements said.