BIS Financial News

12.07 / 12:51

BIS crypto framework Global Banking Regulators Approve Framework for Banks to Disclose Crypto Exposure

The Basel Committee on Banking Supervision, comprising of several global banking regulators, have approved frameworks for banks to disclose their crypto exposure, starting January 2026.

20.06 / 20:26

CBDC BIS Swiss National Bank Swiss Central Bank Delays CBDC Pilot by Two Years

The Swiss National Bank (SNB) announced on June 20 an extension of its wholesale central bank digital currency (CBDC) pilot program, also known as the “digital franc.”

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.

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.

14.12 / 16:59

Stablecoin regulation Banks BIS Bitcoin committee Basel Banking Committee Proposes Stricter Guidelines to Classify Stablecoin as Less Risky Than Unbacked Cryptocurrencies

The Basel Committee for Banking Supervision (BCBS) wants to tighten rules to classify stablecoins as less risky assets than Bitcoin (BTC) and other unbacked cryptocurrencies.

29.11 / 19:47

CBDC Adoption Cybersecurity Cybercrime Central Bank BIS BIS advises central banks to plan in advance for CBDC security

Issuing a central bank digital currency (CBDC) requires adequate attention to security, the Bank for International Settlements (BIS) reminded central bankers in a report on Nov. 29. An integrated risk-management framework should be in place starting at the research stage, and security should be designed into a CBDC, the report said.

29.11 / 17:51

CBDC privacy BIS digital euro Project Tourbillon: CBDCs Can Meet Privacy Requirements, BIS Research Reveals

The Bank for International Settlement (BIS) has released the final report on Project Tourbillion, its privacy-inclined Central Bank Digital Currency (CBDC) project.

29.11 / 12:55

CBDC Adoption BIS BIS Innovation Hub presents its ‘private CBDC’ project

The Bank for International Settlements (BIS) Innovation Hub has presented the final report on its private central bank digital currency (CBDC) initiative, Project Tourbillon. The prototypes built in the project’s framework could allow payment anonymity for CBDC transactions.

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 / 08:03

Ethereum ETH Digital XRP BIS stage reports Top Global Banks Reveal $10.27 Billion in Crypto, XRP Among Top Investment

Major global central banks, spanning Europe, North America, and other regions, have revealed a significant investment in crypto, with XRP emerging as a preferred digital asset.

17.11 / 22:15

Stablecoin regulation Central Bank Fiat Money BIS ‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS

Stablecoins lack crucial mechanisms that guarantee money market stability in fiat, and an operational model that gave regulatory control to a central bank would be superior to private stablecoin, a study released by the Bank for International Settlements (BIS) found.

15.11 / 12:12

CBDC regulation IMF BIS Financial IMF head: CBDCs can replace cash, help financial inclusion

During her opening speech at the Singapore FinTech Festival, International Monetary Fund (IMF) managing director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies (CBDCs) and related payment platforms in the future.

09.11 / 21:47

Stablecoin Tether Assurant BIS reports NOT BIS Research Report: Stablecoins Not Secure as Store of Value

Fiat-backed stablecoins are “not a safe store of value,” according to a new research report from the Bank for International Settlements (BIS).

08.11 / 20:37

Blockchain Stablecoin defi BIS safe Stablecoins ‘not a safe store of value’ — BIS

The Bank of International Settlements (BIS), a coalition of the world’s central banks, criticized stablecoins as being “not a safe store of value” in its latest research report dated Nov. 8.

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.

31.10 / 19:35

Stablecoin CBDC BIS Cross-border Utility Lack of Global Regulation and Inconsistencies Could Hinder Stablecoin Cross-border Utility: CPMI Report

Financial authorities continue to tip stablecoins as a pathway to better cross-border payments but a new report shows that regulations, competition, and network scale pose threats to wider adoption.

19.10 / 12:40

regulation Tokens Tokenomics BIS US OCC to host discussion on tokenization of real-world assets

The United States Office of the Comptroller of the Currency (OCC), an independent bureau of the U.S. Treasury Department that supervises national commercial banks in the country, will host a symposium on tokenization in February 2024.

18.10 / 14:21

Provident regulation Gap BIS information reports Global Regulator: Crypto Exposure Reporting Should Be Mandatory for Banks

The Basel Committee on Banking Supervision has underscored the importance of disclosing banks' cryptoasset exposures, emphasizing the need for standardized reporting and greater transparency in the crypto space.

18.10 / 11:05

regulation IMF BIS IMF director urges ‘financial inclusion’ via digitalization

During her opening speech at the International Monetary Fund’s (IMF) seminar on financial inclusion in Marrakesh, Morocco, IMF Managing Director Kristalina Georgieva said digitalization is “the most important way” to scale up financial inclusion.

17.10 / 14:23

business Blockchain regulation Banks banking BIS committee Banks’ crypto exposure must be disclosed — BIS’ Basel Committee

The Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) released a consultation paper on Oct. 17, proposing to make it compulsory for banks to disclose their crypto exposure.

06.10 / 15:06

regulation Banks banking Digital Asset BIS committee Basel Committee to consider disclosure requirements for banks’ crypto assets

The fallout from the banking crisis earlier this year continues as the Basel Committee on Banking Supervision considers requiring banks to disclose their crypto asset holdings. The committee, which operates under the aegis of the Bank for International Settlements, identified holding crypto as one of the factors that led to the demise of several banks in March.

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