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Hong Kong Presents Digital Currency Prototype, Project Aurum


Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail Tokens...

Landmark International CBDC Test Deemed Success, BIS Says


A project involving multiple Asian central bank digital currencies (CBDCs) has been badged a success, facilitating over $22 million in foreign-exchange transactions, the Bank for International Settlements (BIS) said Tuesday

Here's the 'Final Guidance' on 'Stablecoin Arrangements' by BIS and IOSCO


The Bank for International Settlements (BIS) wants to create a set of standards for the stablecoin industry that will cover payments, clearings, and settlements. In a report released today and shared with Cryptonews.com, the BIS’ Committee on Payments and Market Infrastructures and...

BIS Says Crypto Weaknesses Have Materialized Following Market Sell-Off


The Bank of International Settlements (BIS), the global body for central banks, claims the weaknesses in crypto that were pointed out before “have pretty much materialized.” BIS General Manager Agustin Carstens opined: “You just cannot defy gravity … At some point,...

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