Cecilia Skingsley News

25.06 / 11:29

COST song reports Schools Central banks must prepare for profound impact of AI, BIS says

In its first major report into the rapidly advancing world of AI, the central banking umbrella group said policymakers need to harness its immense power to monitor data in real time in order to «sharpen» their inflation-predicting abilities.

13.07 / 01:25

markets JPMorgan security economy performer country electronic AI bots aren’t ready to displace central bankers. Not yet, that is.

Central bankers are not born as chronic worriers, but they quickly acquire the trait. They are now spending considerable time fretting about artificial intelligence (AI): Its ability to play havoc with prices, jobs and the security of banking. As gut-wrenching as the meltdown of 2008 was, imagine if a rogue machine turbocharged a market rout.

21.03 / 08:13

Digital security Bitcoin reports testing Sweden’s Riksbank Releases Final Report on CBDC Project

Sweden’s Riksbank has released its final report on its central bank digital currency (CBDC), the e-Krona, which focused on offline payments.

24.01 / 03:37

CBDC Digital Platform BIS innovations testing International BIS Unveils 2024 CBDC Plans, Project ‘Aurum’ Enters New Phase

The Bank of International Settlements (BIS) has unveiled that its central bank digital currency (CBDC) is entering a new phase this year.

07.11 / 16:35

Blockchain Digital JPMorgan Pool defi protocols Cross-border BIS and three central banks to test cross-border CBDCs using DeFi protocols

The new project, dubbed Mariana, explores automated market makers (AMM) for the cross-border exchange of hypothetical Swiss franc, euro and Singapore dollar wholesale CBDCs. With a primary focus on the ability to settle foreign exchange trades, the project involves the Eurosystem, Singapore and Switzerland BIS Innovation Hub Centres together with the Bank of France, Monetary Authority of Singapore and Swiss National Bank.

03.11 / 17:53

Blockchain Binance Digital Pool Bitcoin Cross-border France, Switzerland and Singapore jointly test cross-border CBDC payments

France, Singapore and Switzerland have launched a joint trial of their experimental central bank digital currencies (CBDCs) and decentralised finance (DeFi) protocols, in the first cross-regional test of its kind.

03.11 / 03:23

Blockchain Digital JPMorgan Pool defi protocols Cross-border BIS and three central banks to test cross-border CBDCs using DeFi protocols

With a primary focus on the ability to settle foreign exchange trades, the project involves the Eurosystem, Singapore and Switzerland BIS Innovation Hub Centres together with the Bank of France, Monetary Authority of Singapore and Swiss National Bank. The aim is to deliver a proof of concept by mid-2023.Today, DeFi built on public blockchains uses smart contract protocols to automate markets for crypto and digital assets.

02.11 / 19:43

Blockchain Technology defi settlement International Bank of International Settlement will test DeFi implementation in forex CBDC markets

According to a new announcement on Wednesday, the Bank of International Settlement, or BIS, along with the central banks of France, Singapore, and Switzerland, will be embarking on a new initiative dubbed "Project Mariana" in its exploration of blockchain technology. Project Mariana intends to use decentralized finance, or DeFi, protocols to automate foreign exchange markets and settlement.

26.10 / 13:25

COST UPS Cross-border BIS and four central banks hail pilot trials of CBDCs in cross-border FX transactions

The experiment was designed to operate across different jurisdictions and currencies, to explore the capabilities of distributed ledger technology and the application of CBDC in cross-border payments between commercial banks. By enabling peer-to-peer and instant exchange of multiple CBDCs on a single network, Project mBridge aims to solve long-standing inefficiencies in cross-border payments and foster greater financial inclusion and innovation in international payments.Earlier experiments with a prototype application demonstrated a substantial improvement in cross-border transfer speed from multiple days to seconds.

28.06 / 18:36

Blockchain Adoption privacy CBDCs ‘An Investment’ to Protect the Fiat System, Cash Will Disappear, Swedish Central Banker Says

A central bank digital currency (CBDC) is “an investment” to protect the current fiat monetary system, according to a central banker from Sweden, who also argued that cash will soon be history.

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