Bank for International Settlements

Landmark CBDC Test Backed by China, Thailand and Hong Kong Deemed Success, BIS Says
Landmark CBDC Test Backed by China, Thailand and Hong Kong Deemed Success, BIS Says
The Bank for International Settlements (BIS) said a project involving multiple Asian central bank digital currencies (CBDC) has been deemed a success, facilitating over $22 mi...
Landmark CBDC Test Backed by China, Thailand and Hong Kong Deemed Success, BIS Says

BIS Warns Over Crypto Flaws; Crypto Bailout Battles
BIS Warns Over Crypto Flaws; Crypto Bailout Battles
Bank for International Settlements says crypto unsuitable as money. Morgan Creek said to try countering FTX’s BlockFi bailout. Goldman Sachs reportedly trying to buy distresse...
BIS Warns Over Crypto Flaws; Crypto Bailout Battles

BIS Study: Regulate Ledgers, Not Individual Crypto Providers
BIS Study: Regulate Ledgers, Not Individual Crypto Providers
According to a working paper produced for the Bank for International Settlements (BIS), using distributed-ledger technology (DLT) to cut the cost of cross-border payments requ...
BIS Study: Regulate Ledgers, Not Individual Crypto Providers

Survey: 9 Out of 10 Central Banks are Exploring CBDCs
Survey: 9 Out of 10 Central Banks are Exploring CBDCs
According to a survey conducted in 2021 by the Bank for International Settlements, nine out of ten central banks globally are exploring central bank digital currencies (CBDC),...
Survey: 9 Out of 10 Central Banks are Exploring CBDCs

Is DeFi’s Decentralization Just an Illusion?
Is DeFi’s Decentralization Just an Illusion?
In its latest quarterly review, the Bank for International Settlements (BIS) said decentralized finance (DeFi) has a centralization problem, and policymakers should use it to...
Is DeFi’s Decentralization Just an Illusion?

BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries
BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries
A new paper released Friday by the Bank for International Settlements (BIS) reveals although stablecoins may be adopted in some emerging markets and developing economies (EMDE...
BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries

BIS, IMF, World Bank: Central Banks Must Consider Cross-Border Implications of CBDCs
BIS, IMF, World Bank: Central Banks Must Consider Cross-Border Implications of CBDCs
In a paper published Friday, the Bank for International Settlements (BIS) said central banks worldwide should be focused more on cross-border settlement issues than domestic i...
BIS, IMF, World Bank: Central Banks Must Consider Cross-Border Implications of CBDCs

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BIS Launches Innovation Hub With Nordic Central Banks Focusing on CBDCs
The launch of the Nordic hub marks the fifth BIS Innovation Hub Centre to be opened in the past two years.
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Turkey to Pilot Digital Currency in 2021, Says Central Bank Governor
Naci Ağbal's comments would place Turkey on the fast track to central bank digital currency.
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Central Banks See 'No Value' in Issuing Digital Currency: BIS Chief
BIS chief Agustin Carstens has said that central banks are wary about issuing digital currencies due to the "huge operational consequences."
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