BIS Warns of Global Financial Risks from RWA
Tokenized money market funds and their integration with DeFi pose threats to the entire financial system, according to BIS.Bank for International Settlements, an international financial institution.
BIS Warns of Global Financial Risks from RWA
Tokenized money market funds and their integration with DeFi pose threats to the entire financial system, according to BIS.
BIS Labels Stablecoins as ‘Unreliable Money’
Stablecoins fail to meet three key criteria: “unity,” “elasticity,” and “integrity,” according to a report by the Bank for International Settlements (BIS). The BIS described these assets as “digital bearer instruments,” which resemble financial assets more than money. Unlike central bank money, “stablecoins” are issued by private companies, and their value can fluctuate, violating the […]
BIS and New York Fed Test Smart Contracts for Monetary Policy
The Bank for International Settlements (BIS) and the New York Federal Reserve’s Innovation Center have tested smart contract tools for managing monetary policy within tokenized systems, according to a report by BIS. The experiment was conducted under Project Pine, utilizing the ERC-20 standard and an access control system. In hypothetical scenarios, central banks adjusted collateral […]
BIS Reports on Cryptocurrency’s Role in Global Trade
At its peak in 2021, Bitcoin, Ethereum, USDT, and USDC accounted for $2.8 trillion, or 12% of global merchandise trade. These estimates were provided by analysts at the Bank for International Settlements (BIS). Source: BIS. Data from 184 countries covered the period from the first quarter of 2017 to the second quarter of 2024. Approximately […]
BIS Issues Guidelines for Global Stablecoin Agreements
The Bank for International Settlements (BIS) has released guidelines for the regulation, supervision, and monitoring of global stablecoin arrangements. The organization described GSC as widely used “stable coins” with potential reach and usage across multiple jurisdictions. “GSCs have the potential to become systemically important in one or many countries,” the document states. The report outlines […]
BIS Develops Global System to Monitor Cryptocurrencies
The Bank for International Settlements (BIS) presented a proof of concept for a dynamic mapping system of the circulation of digital assets.
BIS Urges Countries to Lay Legal Groundwork for CBDCs
The BIS has urged governments worldwide to establish a regulatory framework for central bank digital currencies.
BIS warns of crypto risks for developing economies
BIS: factors of vulnerability in digital asset markets may pose risks to financial stability in developing-market economies.
BIS foresees up to 15 CBDCs by 2030
Ninety-three percent of central banks were working on their digital currencies (CBDCs) in 2022.
Central banks test Curve AMM technologies for CBDCs
The BIS Innovation Hub, in collaboration with the central banks of France, Switzerland and Singapore, conducted tests of Curve v2 hybrid function{{AOPEN_1}} automated market maker{{ACLOSE_1}} for operations in wholesale CBDC pools.
BIS: Cryptocurrencies Are a Mistaken Path to Tokenisation
Experts from the Bank for International Settlements (BIS) called tokenisation based on CBDC the future of the global financial system, and cryptocurrencies a mistaken branch of this process.
BIS and Bank of England finish pilot on DLT-based settlements
The Bank for International Settlements (BIS) and Bank of England tested a distributed ledger technology-based platform for interbank settlements. The results of Project Meridian will help improve the regulator's RTGS system.We use cookies to improve the quality of our service.
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