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BIS Chief Touts Benefits of CBDCs, Says Crypto Reveals ‘Poorly Designed and Poorly Supervised Financial Systems’
8.11.2023
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 public expectations. While Challenges Remain,...
Stablecoins 'not a safe store of value': BIS
8.11.2023
"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
8.11.2023
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
8.11.2023
Agustín Carstens called CBDCs the “central element” of the central bank leadership in innovation
CBDCs Are 'Central' to Innovating Financial Systems, BIS Chief Says
8.11.2023
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
31.10.2023
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
Lack of Global Regulation and Inconsistencies Could Hinder Stablecoin Cross-border Utility: CPMI Report
31.10.2023
Financial authorities continue to tip stablecoins as a pathway to better cross-border payments but a new report shows that regulations, competition, and network scale pose threats to wider adoption. The Committee on Payment and Market Infrastructures (CPMI) explained the vast utilities...
Drawbacks of Stablecoin Cross-Border Use Outweigh Benefits: Global Payments Watchdog
31.10.2023
Existing stablecoins aren't fully compliant with relevant regulatory requirements, a report by the Committee on Payment and Market Infrastructures said
U.S. Office of the Comptroller will discuss tokenization as opposed to crypto
19.10.2023
The OCC will host a symposium on tokenization and its benefits in February 2024
Central banks want to look under crypto’s hood — Is this a positive sign?
18.10.2023
The mere fact that the Deutsche Bundesbank, BIS and other financial incumbents want such information now suggests a tacit acceptance of crypto
Global Regulator: Crypto Exposure Reporting Should Be Mandatory for Banks
18.10.2023
The Basel Committee on Banking Supervision has underscored the importance of disclosing banks' cryptoasset exposures, emphasizing the need for standardized reporting and greater transparency in the crypto space.
In a consultative document, the committee proposed mandatory reporting requirements...
IMF director urges ‘financial inclusion’ via digitalization
18.10.2023
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
17.10.2023
The proposed regulations are currently open to the public for comments and if approved they will come into effect by Jan. 1, 2025
Why brand consistency matters and how Web3 companies are failing to deliver
17.10.2023
Choosing a realistic, appealing brand promise to a specific audience can improve the ability to endure difficult markets and strengthen the chances of outlasting the competition
Bank of Korea and BIS Prepare Wholesale CBDC Pilot
7.10.2023
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 transactions and issue CBDC-backed digital currencies...
Basel Committee to consider disclosure requirements for banks’ crypto assets
6.10.2023
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
New BIS Plan Mandates Banks to Disclose Crypto Holdings
6.10.2023
The Basel Committee on Banking Supervision has unveiled a new plan that will require banks to disclose their cryptocurrency holdings.
This development comes on the heels of a tumultuous year that witnessed the collapse of several major crypto firms as well as crypto-focused lenders Signature...
South Korea's Central Bank to Test Wholesale CBDCs in New Partnership – Here's What You Need to Know
5.10.2023
South Korea's central bank, the Bank of Korea (BoK), is set to embark on a wholesale central bank digital currency (CBDC) test in collaboration with the Bank for International Settlements (BIS) and other key institutions, the BOK announced on Wednesday.
The pilot project aims to assess...
Project Atlas: Bank for International Settlements Tackles Crypto Tracking with EU Central Banks – Here's the Latest
4.10.2023
The Bank for International Settlements (BIS) and four European central banks have rolled out a Proof-of-Concept (PoC) system to track the global flow of cryptocurrency assets.
The partnership with the BIS was struck with the European Central Bank, Banque de France, Deutsche Bundesbank...
Today in Crypto: Yield Protocol Shutting Down, Wirex Reveals App Chain Connecting DeFi & TradFi, Montréal Exchange Announces BTC Futures Contracts
4.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Yield Protocol Shutting Down, Wirex Reveals App Chain Connecting DeFi & TradFi, Montréal Exchange...