3 / 4 Relevant items tagged with #Bis

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mBridge CBDC project preparing for new members, launch of minimum viable product

[Sep 25, 2023 2:19 PM] The project now includes central and commercial banks from China, Hong Kong, Thailand and the UAE. Future new members were not identified.

German crypto regulator calls for global rules to also govern niche finance centers

[Sep 19, 2023 4:54 AM] BaFin's top executive stresses the risks of crypto and calls for global regulation to apply to all financial centers, without exceptions.

Israel, Hong Kong complete retail CBDC test emphasizing privacy, inclusivity

[Sep 12, 2023 3:45 PM] The Hong Kong Monetary Authority, Bank of Israel and Bank for International Settlements teamed up to address the complex issues of rCBDCs.

BIS thinks DeFi has no use cases, but CZ is bullish: Finance Redefined

[Sep 8, 2023 1:25 PM] Binance CEO Changpeng Zhao says DeFi will outpace CeFi in the next bull run, but the Bank for International Settlements is skeptical.

Crypto amplified financial risks in emerging markets: BIS papers

[Aug 22, 2023 7:45 AM] Central banks of the United States, Canada, Mexico and Brazil have pointed out the risks of crypto, but warned against excessively prohibitive laws.

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.

Central Banks Controlling Money Is Not Democracy, Balaji Srinivasan Says

[Jul 12, 2023 5:30 AM] If central banks control all uses of money, this is not democracy, Coinbase’s ex-tech chief Balaji Srinivasan is convinced. The entrepreneur commented on statements by the head of the Bank of International Settlements during an IMF meeting devoted…

BIS Survey: 93% of the World’s Central Banks Are Engaged in CBDC Work

[Jul 11, 2023 11:30 PM] The Bank for International Settlements (BIS), an organization that seeks to support the international cooperation of the world’s central banks, has released the results of its 2022 survey on central bank digital currencies (CBDC) and crypto…

BIS gives CBDCs a thumbs up, crypto the middle finger in reports to G20 ministers

[Jul 11, 2023 3:00 PM] G20 finance ministers and central bank governors are meeting this month, and the Bank for International Settlements has findings to present.

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.

Research: There could be 24 CBDCs live by 2030

[Jul 10, 2023 5:04 AM] 93% of the central banks are already conducting research on central bank digital currencies, 68% are still not ready to launch their digital money.

BIS develops framework against CBDC cyberattacks

[Jul 7, 2023 1:20 PM] The institution cited rising exploits against DeFi as a need for more secure CBDCs.

BIS, 3 central banks look at DeFi technology for wCBDC FX in interim project report

[Jun 28, 2023 2:30 PM] Project Mariana uses an automated market maker to reduce settlement risk and to create a liquidity pool in place of order books.

Step Aside ‘Blockchain Technology’, IMF and BIS Have a New Crypto Buzzword

[Jun 26, 2023 11:19 AM]

BIS releases unified-ledger proposal for cross-border, tokenized asset transactions

[Jun 20, 2023 12:00 PM] Like the IMF’s single-ledger proposal released a day earlier, BIS’ unified ledger uses familiar concepts, such as tokenization, without the blockchain.

Unified Ledger for CBDCs, Tokenized Assets Could Enhance Global Financial System: BIS

[Jun 20, 2023 5:00 AM] “This would be a game-changer in how we think about money and how transactions take place,” said the central bank group’s Head of Research Hyun Song Shin.

Central Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments

[Jun 16, 2023 3:00 AM] An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown.

BIS issues comprehensive paper on offline CBDC payments

[May 11, 2023 9:30 AM] According to the Bank for International Settlements, offline payments with CBDC raise new risks related to counterfeiting, fraud and privacy concerns.

BIS, Bank of England conclude DLT settlements pilot

[Apr 19, 2023 3:59 AM] The insights of Project Meridian would be used by the Bank of England in its real-time gross settlement system.

Central Banks Successfully Test DLT in Linking Financial Settlement Systems

[Apr 19, 2023 1:30 AM] The experiment, called Project Meridian, shows it's possible to settle large synchronized transactions in central bank money, a report said.

CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs

[Apr 16, 2023 1:30 PM] During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview…

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 wraps exploration project on retail CBDC payment system

[Mar 6, 2023 10:30 AM] The bank concluded that a ‘hub-and-spoke’ model between CBDC domestic systems could “reduce settlement and counterparty risk" and complete cross-border transactions in seconds.

Crypto distribution is uneven among banks as prudential exposure rises: BIS report

[Mar 1, 2023 3:45 PM] One bank accounts for almost 62% of all crypto asset prudential exposure; almost two-thirds of banks holding crypto are in the Americas.

Bitcoin price continues to fall, but derivatives data hints at a short-term rally to $25K

[Feb 24, 2023 6:00 AM] This week regulators joined hands to highlight the crypto sector’s inherent risk, but pro traders fought back by adding leverage to their long positions.

BIS head describes ideal ‘unified ledger’ for central banks and other financial users

[Feb 22, 2023 3:33 PM] peaking in Singapore, Agustín Carstens described a ledger that would accommodate a variety of public and private projects in discrete but connectable parts.

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…

BIS head claims fiat won battle with crypto, Bitcoin community disagrees

[Feb 22, 2023 7:33 AM] BIS General Manager Agustín Carstens reckons the war between fiat and crypto has been won by fiat. The community would tend to disagree.

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…

Trading on major exchanges spiked following collapse of Terra, FTX: BIS report

[Feb 20, 2023 2:27 PM] The report suggests that whales with Binance, FTX and Coinbase “probably cashed out at the expense of smaller holders” by reducing their BTC stockpiles as retail investors bought.