Tuesday, November 19, 2024
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BIS compares projects to transfer central bank digital currencies across borders

The Bank of International Settlements (BIS) Innovation Hub released a report Tuesday looking at four projects that examined wholesale central bank digital currency (CBDC) transfers across borders. The projects demonstrated the technical feasibility of the transfers, the BIS found, but practical and policy issues remain outstanding. The report considered the Jura

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BIS to launch market intelligence platform amid stablecoin, DeFi collapse

The Bank for International Settlements (BIS) Innovation Hub announced the launch of a new set of projects targeting various aspects of traditional and crypto payments — including a cryptocurrency market intelligence platform and security for retail central bank digital currency (CBDC).BIS’s cryptocurrency market intelligence platform will be launched under the

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BIS Economists Contend Crypto Cannot Fulfill the Role of Money

“Fragmentation means that crypto cannot fulfill the social role of money,” concluded the report authors. The report contended that as transactions per block near their limit, the cost of transactions rises, causing users to seek out alternative blockchains. This “fragmentation” means blockchains cannot harness the beneficial network effects we associate

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Regulate Ledgers and Not Individual Crypto Providers, BIS Study Says

That hits the nub of why regulators and the crypto world are often in such conflict. Traditional financial regulations are focused on institutions such as banks, and it isn’t easy to shoehorn blockchain payments or smart contracts into that model. In practice, regulators tend to look for intermediaries on to

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Cambridge University launches crypto research project with IMF and BIS

The University of Cambridge is collaborating with some of the world’s top banking institutions and private companies to introduce a new project targeting cryptocurrency research.The Cambridge Center for Alternative Finance, or CCAF, has launched a research initiative aiming to bring more insights on the rapidly growing digital asset industry, the

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