Tag: BIS
More Central Banks Are Exploring a CBDC, BIS Survey Finds
There's a greater chance of a wholesale CBDC being issued within six years than a retail one, according to the report.
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Saudi Arabia Joins BIS’ CBDC Project mBridge as a Full Participant
In addition to mBridge’s six full participants, 27 other official entities – including the International Monetary Fund (IMF), the World Bank and the c [...]
Bank of Israel Seeks Participants to Explore Central Bank Digital Currency (CBDC) Payments Scenarios
"In the challenge, for the first time, we allow the financial industry from Israel and abroad and a wide variety of stakeholders in the payments syste [...]
DeFi Borrower Behavior Key to Gauging Tokenization Risks: BIS Study
The BIS has been exploring the DeFi space for some time now. In 2023, the BIS said it worked with the central banks of France, Singapore and Switzerla [...]
Ripple and BIS Aim to Transform $7.5 Trillion Forex Market – DailyCoin
Ripple and BIS Aim to Transform $7.5 Trillion Forex Market DailyCoin
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Central Banks Aren’t Sufficiently Ready for CBDC Risks: BIS Report
"A key risk are the potential gaps in central banks’ internal capabilities and skills," the report by the BIS Consultative Group on Risk Management sa [...]
BIS advises central banks to plan in advance for CBDC security
Issuance of a central bank digital currency (CBDC) requires adequate attention to security, the Bank for International Settlements (BIS) reminded cent [...]
BIS Innovation Hub presents its ‘private CBDC’ project
The Bank for International Settlements (BIS) Innovation Hub has presented the final report on its “private CBDC” initiative, Project Tourbillon. The p [...]
Central Banks Have No Interest in Personal Data, BIS Official Says While Promoting CBDC Innovation
When considering the design of a CBDC, people will also have to grapple with difficult questions on choice, inclusion and stability, Skingsley said. B [...]
‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS
Stablecoins lack crucial mechanisms that guarantee money market stability in fiat, and an operational model that gave regulatory control to a central [...]
Privacy Protection Is Among Key Wants for CBDCs, BIS Says
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Stablecoins ‘not a safe store of value’: BIS
The Bank of International Settlements (BIS), a coalition of the world's central banks, criticized stablecoins as being "not a safe store of value" in [...]
BIS Researchers Say Stablecoins Are Failing to Live Up to Promise
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 In [...]
BIS General Manager urges central banks to “lead innovation” for CBDCs
Central banks have a responsibility not only to keep pace with the digital age but to lead innovation, Agustín Carstens, General Manager of the Bank f [...]
CBDCs ‘Central’ to Innovating Financial Systems: BIS Chief Agustín Carstens
"Whether in wholesale form – as a type of digital central bank reserve – or retail form – as a digital banknote – it is increasingly clear, at least t [...]