BIS Financial News

28.06 / 21:31

CBDC Adoption BIS BIS, 3 central banks look at DeFi technology for wCBDC FX in interim project report

The Bank for International Settlements (BIS) Innovation Hub published an interim report on Project Mariana, its collaboration with the central banks of France, Singapore and Switzerland, on the use of wholesale central bank digital currency (wCBDC) in tokenized foreign exchange trading. The project is a proof-of-concept that considers questions relating to credit and settlement risk and interoperability.

21.06 / 12:57

Blockchain Ethereum Provident CBDC Digital Platform BIS International Financial International Central Bank Group BIS: Global Financial System Could Benefit from Unified CBDCs

A unified electronic ledger, combining central bank digital currencies (CBDCs) and other tokenized assets, has the potential to enhance the global financial system, according to a report by the Bank for International Settlements (BIS).

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.

20.06 / 18:11

CBDC Bank of England BIS Bank of England Project Finds CBDCs Could Introduce 'Programmability' to Money

A trial conducted by the Bank of England (BoE) and the Bank for International Settlements (BIS) Innovation Hub has highlighted the potential central bank digital currencies (CBDCs) have for introducing “programmability” to money.

26.05 / 01:13

CBDC Central Bank BIS Future Seven Central Banks Contemplate the Future of Retail CBDCs in Latest Report

The Bank for International Settlements, which serves as a “bank for central banks,” released its latest paper examining retail central bank digital currencies, as its members “are approaching a point” as to whether or not they should move forward in their CBDC work.

11.05 / 17:07

CBDC Payments regulation Central Bank BIS BIS issues comprehensive paper on offline CBDC payments

The Bank for International Settlements (BIS) is actively exploring opportunities for offline payments involving a central bank digital currency, or CBDC.

19.04 / 11:27

Blockchain CBDC Adoption Bank of England BIS BIS, Bank of England conclude DLT settlements pilot

The Bank of England and the Bank for International Settlements (BIS) Innovation Hub London Center have tested a distributed ledger technology-powered settlements system between the institutions. The insights of the project will be used by the Bank of England in its real-time gross settlement (RTGS) system.

16.04 / 08:51

Financial Stability Board BIS International International Crypto Regulation: Achieving the Goldilocks Zone

The lack of international cooperation has made it challenging for regulators to effectively govern the sector. Different countries have their own approaches to regulation, leading to a patchwork of regulations that can be confusing for investors and businesses alike. However, recent developments suggest that international cooperation may be on the horizon.

07.03 / 23:49

COST CBDC Digital Action BIS Bitcoin Cross-border BIS Completes Successful Pilot Study of Central Bank Digital Currencies for Cross-Border Payments

The Bank for International Settlements (BIS) has completed a pilot study of the use of central bank digital currencies (CBDCs) for cross-border payments in collaboration with central banks in Norway, Sweden, and Israel.

06.03 / 19:35

business CBDC transactions Central Bank BIS retail CBDC BIS wraps exploration project on retail CBDC payment system

The Bank for International Settlements, or BIS, has reported it has concluded a project exploring international retail and remittance payments use cases for central bank digital currencies, or CBDCs, with the central banks of Israel, Norway and Sweden.

02.03 / 00:51

regulation banking BIS prudential Crypto distribution is uneven among banks as prudential exposure rises: BIS report

Around 20% of banks have exposure to crypto assets, a Bank for International Settlements (BIS) report released Feb. 28 found. The majority of those banks are in the Western Hemisphere.

23.02 / 00:49

Blockchain CBDC Ledger BIS Financial BIS head describes ideal ‘unified ledger’ for central banks and other financial users

General manager of the Bank for International Settlements Agustín Carstens spoke at the Singapore FinTech Festival on Feb. 22 and described the digital financial infrastructure he believes would best suit central bankers’ needs. He called that infrastructure a “unified ledger.”

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.

20.02 / 23:49

business FTX BIS Terra Trading on major exchanges spiked following collapse of Terra, FTX: BIS report

A report from the Bank for International Settlements (BIS) suggested that trading activity on major exchanges increased in the days following the collapse of crypto firms FTX and Terraform Labs.

20.02 / 20:59

Stablecoin regulation G20 BIS recommendations fall regulatory Many stablecoins fall short of coming regulatory recommendations, says FSB chair

Financial Stability Board (FSB) chair Klaas Knot has outlined how the organization plans to address key threats to financial stability this year in a Feb. 20 letter sent to the G20’s Finance Ministers and Central Bank Governors. Crypto assets and decentralized finance (DeFi) had a prominent place on the list of challenges the FSB saw. The G20 ministers and bankers group is meeting Feb. 24-25 in Bengaluru, India.

16.02 / 14:55

Stablecoin defi regulation Tether BIS BIS-funded regulator to probe DeFi entry points like stablecoins

The Financial Stability Board (FSB), the financial regulator funded by the Bank for International Settlements (BIS), is pushing international regulations for decentralized finance (DeFi).

08.02 / 07:51

Stablecoin CBDC Adoption BIS BIS to launch stablecoin monitoring project and up focus on CBDC experiments

The Bank for International Settlements (BIS) will heighten focus on experimenting with Central Bank Digital Currencies (CBDCs) this year via its research and development arm and will also launch a new project to monitor stablecoins.

12.01 / 22:47

CBDC regulation BIS TradFi BIS economists suggest improving TradFi with CBDC to attract users away from crypto

Economists at the Bank of International Settlements (BIS) took a look at the risks inherent in the crypto ecosystem and came up with a seemingly novel solution. “Develop an alternative,” they advised in a bulletin released on Jan. 12. What they had in mind was central bank digital currency (CBDC).

15.11 / 05:07

Adoption Report Central Bank BIS NOT Bitcoin buyers drawn by rising prices, not dislike for banks: BIS report

Bitcoin (BTC) investors are more likely enticed by the cryptocurrency’s rising prices, rather than their dislike of banks or its perceived use as a store of value, a new report from the Bank for International Settlements (BIS) suggests.

25.10 / 11:33

Adoption Environment BIS BIS, UN, Hong Kong Monetary Authority concludes tokenized green bonds trial

The Bank for International Settlements (BIS), the Hong Kong Monetary Authority and the United Nations Climate Change Global Innovation Hub presented the results of their “Genesis 2.0” initiative. The project aims to explore the use of blockchain, smart contracts and the internet of things (IoT) for a global environment cause.

14.10 / 14:37

regulation marketing BIS IOSCO demands tighter scrutiny over the 'finfluencers'

The Board of the International Organization of Securities Commissions (IOSCO) believes the regulators on both national and international levels need more power to address increasing risks and challenges from the “digitalization of retail marketing and distribution.”

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