BIS issues recommendations on regulating stablecoins
The Bank for International Settlements (BIS) published a report with guidance on aligning stablecoin mechanisms with international standards for payment, clearing and settlement systems.Bank for International Settlements, an international financial institution.
BIS issues recommendations on regulating stablecoins
The Bank for International Settlements (BIS) published a report with guidance on aligning stablecoin mechanisms with international standards for payment, clearing and settlement systems.
BIS: CBDC efficiency hinges on public-private cooperation
The Bank for International Settlements (BIS) reported interim results of CBDC research, in which seven central banks were partners.
BIS foresees dramatic cut in cross-border payment costs from CBDCs
The use of central bank digital currencies (CBDCs) based on blockchain could shorten cross-border transaction times from days to seconds and significantly reduce costs. This was stated by the Bank for International Settlements (BIS) following the pilot project.
BIS urges central banks to accelerate CBDC development
Stablecoins and the DeFi sector will challenge the business models of traditional banks, so monetary regulators should accelerate the creation of official alternatives to private instruments. This was stated by BIS head Benoît Cœuré.
Four central banks will test cross-border CBDC settlements
As part of the BIS's new project named 'Danbar', the central banks of Australia, Malaysia, Singapore and South Africa will create prototypes of platforms for cross-border CBDC settlements. This is reported in a BIS press release.
BIS urges greater focus on cross-border CBDCs
Central banks developing national digital currencies (CBDCs) should devote greater attention to their use in cross-border transfers than to domestic applications. These recommendations are contained in a new BIS report.
BIS: Crypto investments are not linked to distrust in the financial system
Americans invest in cryptocurrency for profit, not due to dissatisfaction with traditional finance. This is the conclusion reached by researchers at the Bank for International Settlements (BIS).
BIS says CBDCs are a concept whose time has come
Central bank digital currencies (CBDCs) are moving from concept to practical implementation, updating the institution of money for the digital era, according to Hyun Song Shin, head of research at the Bank for International Settlements (BIS).
JPMorgan Analysts Question Bitcoin’s Benefits for El Salvador’s Economy
El Salvador's recognition of Bitcoin as legal tender is not expected to bring the state notable economic benefits, according to JPMorgan analysts.
BIS joins CBDC testing in cross-border settlements
The BIS Innovation Hub, in collaboration with the monetary regulators of France and Switzerland, will conduct an experiment using a central bank digital currency in cross-border settlements.We use cookies to improve the quality of our service.
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