Agustin Carstens News

11.12 / 09:03

Blockchain Digital economy Trade International De-dollarization debate: The US-led West should rethink its dollar diplomacy

Subscribe to enjoy similar stories. Amid the recent maelstrom of political news was an important development for the future of technology-enabled public money.

01.11 / 06:57

Digital Platform War country reports International A surprise new twist in Putin’s currency wars

Subscribe to enjoy similar stories. WHEN THE Bank for International Settlements (BIS) launched mBridge in 2021, a project aimed at revolutionising cross-border payments, it did so with much fanfare and, among some people, high expectations. The new system, which it was developing with China and others, would harness the power of digital currencies and the trustworthiness of central banks to make international financial flows faster, simpler and cheaper, it said.

14.06 / 17:01

Bank of Canada BIS BIS Launches New Innovation Hub in Canada, Partners with Bank of Canada

The Bank for International Settlements (BIS) launched its Toronto Innovation Hub on June 13, partnering with the Bank of Canada. The hub is expected to spearhead financial initiatives in Canada and extend its influence across Latin America and the Caribbean.

17.04 / 18:39

markets COST Provident economy Trade country International Financial The overlooked threats to the global financial system

Since the great financial crisis of 2007-08, regulators have engaged in the biggest push since the 1930s to de-risk the global financial system. Yet instability and flawed risk management have proved extraordinarily resistant to this regulatory onslaught.

23.11 / 09:27

Blockchain CBDC Adoption BIS 2024 South Korea to invite 100K citizens to test CBDC in 2024

The Bank of Korea (BOK) — South Korea’s central bank — has said it will invite 100,000 Korean citizens to purchase goods with deposit tokens as part of its central bank digital currency (CBDC) pilot. The testing will start “around September to October” of 2024 and last for three months.

21.11 / 20:18

Digital Strategy stage innovations BIS Conference Addresses Cybersecurity in Central Bank Digital Currencies (CBDC)

The BIS Innovation Hub and the Cyber Resilience Coordination Centre (CRCC) hosted a conference on November 8, 2023, focused on «Securing the future monetary system: cyber security for central bank digital currencies». General Manager Agustín Carstens opened the event with a clear message: the advent of CBDCs is inevitable, and their security is paramount to the future financial system.

08.11 / 14:19

CBDC Adoption regulation ECB BIS BIS general manager urges central banks to “lead innovation” for CBDCs

Central banks have a responsibility to keep pace with the digital age and lead innovation, Agustín Carstens, general manager of the Bank for International Settlements (BIS), believes.

09.10 / 08:07

COST economy Fallout NIFTY WhatsApp reports Financial Israel-Palestine War: Impact on global economy, India-Israel trade, financial markets

Catch Israel-Palestine War Live Updates here The fallout of Israel-Hamas war on the global economy may take time to become clear but would become more severe if the conflict spreads to the rest of the Middle East, especially Iran, which is both a major oil producer and supporter of Hamas. “It’s too early to say" what the implications may be, though oil and equity markets may see immediate fallout, Agustin Carstens, general manager of the Bank for International Settlements, said in a presentation to the National Association for Business Economics, Reuters reported.

28.09 / 09:11

CBDC Adoption BIS Cross-border France, Singapore and Switzerland test cross-border CBDCs

The Bank for International Settlements (BIS) and the central banks of France, Singapore and Switzerland concluded a joint test of the cross-border trading and settlement of wholesale central bank digital currencies (CBDCs). Banque de France issued the report on Sept. 28.

27.09 / 16:43

UPS Digital show country 2020 testing Legal fog over central bank digital currencies "unacceptable", BIS warns

By Marc Jones

27.09 / 16:01

Blockchain CBDC Adoption regulation Central Bank BIS CBDC frameworks must guard user privacy, monetary freedom — BIS chief

Legal frameworks ensuring user privacy and the freedom to choose between central bank digital currencies (CBDCs) and other forms of money will be key in driving CBDC adoption, according to the head of the Bank of International Settlements.

20.06 / 19:07

CBDC Adoption IMF Digital Asset DLT Ledger BIS Cross-border BIS releases unified-ledger proposal for cross-border, tokenized asset transactions

The Bank for International Settlements (BIS) has released a chapter of its annual report early. That chapter, on the future of the monetary system, discusses “a new type of financial market infrastructure — a unified ledger.” The chapter was published June 20, one day after the International Monetary Fund (IMF) released a paper describing its “single ledger” cross-border payments concept.

22.02 / 19:41

Digital Remark NOT Why stablecoins may not replace fiat currency, as per BIS Chief

Agustin Carstens, general manager at the Bank for International Settlements, stated in a 22 February speech that the events of 2022 have “severe questions on the ability of stablecoins to serve as money.”

22.02 / 17:51

regulation Central Bank community Bitcoin Community BIS Bitcoin BIS head claims fiat won battle with crypto, Bitcoin community disagrees

The Bank for International Settlements (BIS) has long taken a cautious approach to Bitcoin (BTC) and cryptocurrencies. However, there is no need for caution anymore as the “battle has been won” between fiat and crypto, according to BIS.

28.09 / 07:03

defi regulation Federal Reserve Fed's Powell: DeFi needs appropriate regulation before expanding to retail

United States Federal Reserve chairman Jerome Powell has spoken out about the expansion of decentralized finance (DeFi) and its impact on the traditional finance ecosystem, calling for appropriate regulation.

04.09 / 01:39

Provident Digital Platform Recent IMF report highlights the flaws of cryptocurrencies; rejects its sole use

The International Monetary Fund (IMF) recently published a paper titled “A Foundation of Trust“. The paper stated that central banks must harness technological innovations introduced by cryptocurrencies. Further, banks must do so while implementing CBDCs to build a rich and diverse monetary system.

03.09 / 09:21

business Blockchain Adoption retail Crypto's adaptability, openness key to ideal monetary system, say BIS execs

Governments across the globe see central bank digital currencies (CBDC) as a means to improve the existing fiat ecosystem. Cryptocurrency’s technical prowess supported by the central bank’s underlying trust is key to enabling a rich monetary ecosystem, suggests an International Monetary Fund (IMF) publication.

29.06 / 20:25

economics Federal Reserve inflation Central Bank We Now Understand How Little We Understand About Inflation – Fed’s Powell

The current high levels of inflation in both the US and Europe have given central bankers an opportunity to “understand better how little we understand about inflation,” US Federal Reserve (Fed) chair Jerome Powell said.

25.06 / 10:11

cryptocurrency CryptoExplainer crypto news "Cannot Defy Gravity," Crypto Fears Now Materialising Finally: Central Bank Body

Crypto fears now materialising, central bank body BIS says

23.06 / 18:59

cryptocurrency regulation Central Bank Bitcoin analysts Central Bankers' Attack on Crypto is ‘a Legacy Vision’, Failure to Recognize ‘Revolutionary Benefits’ of DeFi - Analysts

As the Bank for International Settlements’ (BIS), also known as "the central bank of central banks," tried to monopolize trust in money with its new report this week, analysts stress that it simply represents “a legacy vision” that brings a number of new risks, and the BIS fails to recognize “revolutionary benefits” of the still-nascent crypto industry.

05.05 / 13:01

Digital BIS and Bank Indonesia to run CBDC TechSprint

The online hackathon will focus on three issues: building effective and robust means to issue, distribute and transfer CBDCs; enabling financial inclusion; and improving interoperability.Shortlisted teams will showcase their prototypes in July, with winners to be chosen in October by an independent panel.The winners for each category will receive an award of $53,000. All short-listed projects receive a stipend of S$10,000.Agustín Carstens, general manager, BIS, says: "There is a collective belief that CBDCs have potential for promoting the public interest in this age of digital money.

facts about Agustin Carstens

Who is Agustin Carstens?

Agustin Carstens is a notable individual featured in various analyses related to trending topics.

Why is Agustin Carstens attracting attention?

Agustin Carstens frequently draws public interest due to public appearances, which raises concern among experts and the public.

Where can I find the latest news about Agustin Carstens?

Our website has a dedicated section featuring all publications related to Agustin Carstens. We continuously monitor developments and update the information as it becomes available.