Tag: BIS
Stablecoin Drawbacks in Cross-Border Use Outweigh Benefits, Payments Standard-Setter CPMI Says
The Committee on Payment and Market Infrastructures (CPMI), which sets norms for the sector for the Bank for International Settlements, said stablecoi [...]
Improved forex reserve provided policymakers room for manoeuvre: BIS report – Business Standard
Improved forex reserve provided policymakers room for manoeuvre: BIS report Business Standard
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Banks’ crypto exposure must be disclosed: BIS’ Basel Committee
The Basel Committee of the Bank of International Settlements (BIS) released a consultation paper on Oct. 17, proposing to make it compulsory for banks [...]
New BIS Plan Would Have Banks Disclose Crypto Holdings
Signature Bank, the New York financial institution that shuttered on March 12, “failed to understand the risk of its association with and reliance on [...]
BIS, EU central banks building data platform to track crypto, DeFi flows
The Bank of International Settlements (BIS) has developed a proof of concept (PoC) for a system tracking on-chain and off-chain transactions from cryp [...]
BIS Unveils Project Atlas, a Data Platform Mapping Crypto Transfers
“Though relatively small compared with total on-chain network traffic, identified flows between crypto exchanges are significant and substantial econo [...]
BIS and France, Switzerland, Singapore Central Banks Successfully Test Cross Border Trading of Wholesale CBDC Using DeFi
Project Mariana's proof of concept used a hypothetical euro, Singapore dollar and Swiss franc wCBDCs between simulated financial institutions. The pro [...]
BIS’ Agustin Carstens Calls on Countries to set up Legislation for CBDC Deployment
Close to 80% of central banks are either not allowed to issue a CBDC under existing legislation or they have a legal framework which lacks clarity on [...]
BIS Project Tests CBDCs Directly Settled on Central Bank Balance Sheet
“If central bank money is to go digital, cybersecurity is key,” Andrew Abir, Deputy Governor of the Bank of Israel, which is examining whether to issu [...]
BIS thinks DeFi has no use cases, but CZ is bullish: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most signifi [...]
‘Pure’ DeFi has little chance for real-world use because of need for oracles: BIS
The need for an oracle in decentralized finance (DeFi) is a major impediment to adoption in the real world, according to the authors of a Bank for Int [...]
Ripple joins BIS cross-border payments task force
The Bank for International Settlements (BIS) has recently announced a cross-border payments interoperability and extension (PIE) task force which incl [...]
BIS gives CBDCs a thumbs up, crypto the middle finger in reports to G20 ministers
In preparation for a meeting of the G20 finance ministers and central bank governors this month, the Bank for International Settlements Innovation Hub [...]
Crypto Can’t Be Used as Money Due to ‘Inherent Flaws,’ the Bank for International Settlements (BIS) Said After the FTX and Terra Collapses
Despite the millions of retail and institutional investors getting involved in the growing sector, “crypto has so far failed to harness innovation to [...]
15 Retail CBDCs Possible by 2030, BIS Study Says
“Global work on CBDCs has made further progress” since last year, the report said, with the work particularly intense in emerging economies where it’s [...]