BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments
The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021. Source
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BIS
Swiss Wholesale CBDC Trial Shows ‘Feasibility’ for Central Bank Money on Distributed Ledger, BIS Says
An under-the-wraps Swiss trial testing how central bank money can be linked to financial markets built on distributed ledger technology (DLT) yielded positive results, the Bank for International Settlements (BIS) announced Thursday. Launched by the Swiss National Bank (SNB) in collaboration with BIS’ Innovation Hub and Swiss stock exchange operator SIX,
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BIS report suggests ‘embedded‘ monitoring tool for stablecoins
Facebook’s proposal for its digital currency, Libra, was a wake-up call for international regulatory agencies, finance ministries and central bankers. All these actors recognized that the company’s reach across its three platforms had the potential to accelerate adoption of a global stablecoin to an unprecedented extent.In a new paper from
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Benoit Coeure Reveals BIS Plan for CBDC Trial Starting in 2020
How things have changed since spring of 2019, when Agustin Carstens, general manager of the Bank for International Settlements (BIS), was issuing his latest warning over the need for caution when considering central bank digital currencies (CBDC).Now, according to Chinese news source The Paper, the very same institution – dubbed
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The IMF, G20 and BIS Gear Up for the Central Bank Digital Currency Era
New reports on digital currency design principles and regulatory standards show just how quickly the world’s bankers are moving. Source
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BIS Partnered with Seven Central Banks to Detail CBDC Expectations
The report indicates that a CBDC should be easily convertible, convenient to all, possess an unmatched security system, have high speed, and should be of legal sound.As the world financial system gets digitized, central banks are tirelessly working on developing and issuing their Central Bank Digital Currency (CBDC) in the
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BIS Calls for Central Bank Digital Currencies Amid Coronavirus Pandemic
The Bank of International Settlements (BIS) has issued a report arguing in favor of central bank digital currencies (CBDCs) and digital payments amid the COVID-19 pandemic.The bulletin published by the BIS, a 600-member international financial institution representing the central banks of 60 countries, urges central banks to consider developing CBDCs
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BIS Paper Reckons With P2P Payments, Tokenized Securities, Central Bank Digital Currencies
Researchers at the Bank for International Settlements (BIS) are grappling with the future of payments – so much so that their newest quarterly report, released Sunday, is entirely dedicated to what that potential revolution holds.In its 138-page look at what lies beyond the financial horizon, the Swiss-based institution reckoned with
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BIS Economist Proposes DLT-Based Financial Market Monitoring
An economist of the Bank for International Settlements (BIS) has proposed new ways of supervising financial risks through distributed ledger technology (DLT).In a recently released working paper, economist Raphael Auer made the case for so-called embedded supervision, which would automatically monitor tokenized markets. This would purportedly eliminate the need
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From ‘Ponzi’ to ‘We’re Working on It’ — BIS Chief Reverses Stance on Crypto
The head of the Bank of International Settlements (BIS) has appeared to U-turn on issuing digital currencies after a fresh interview with the Financial Times on June 30. Speaking to the publication, BIS chief Augustin Carstens actively endorsed the creation and issuance of digital versions of national fiat currencies. “Many central
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