BIS


Markets

Central Banks to Question Facebook-Led Libra Over Financial Risks

The Libra Association is to be grilled by 26 central banks over the perceived risks to financial stability posed by the crypto project.

Benoit Coeure ECB

Markets

BIS Chief: Central Banks May Issue Digital Currencies 'Sooner Than We Think'

The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies.

carsten

Markets

BIS Wants 'Level Playing Field' for Banks Amid Threat from Facebook

The Bank for International Settlements has expressed concerns over the expected disruption as big tech firms like Facebook enter the financial space.

BIS headquarters in Basil, Switzerland.

Markets

Central Banks See 'No Value' in Issuing Digital Currency: BIS Chief

BIS chief Agustin Carstens has said that central banks are wary about issuing digital currencies due to the "huge operational consequences."

Agustín Carstens

Markets

Cryptocurrencies Pose Risks to Banks, Warns Basel Committee

The Basel Committee on Banking Supervision has warned that the growth of cryptocurrencies poses a number of risks to banks.

BIS

Markets

Bitcoin's Proof-of-Work Algorithm Needs Replacing, Argues BIS Study

The proof-of-work algorithm used by bitcoin and some other cryptos is not viable in the long term, argues a Bank for International Settlements study.

BIS headquarters in Basel

Markets

Regulation News Still Moves Bitcoin Prices, BIS Report Says

A new report from the Bank of International Settlements (BIS) contends that bitcoin markets are swayed by news events related to regulation.

little men analyzing data

Markets

Muh Monopoly! How a Banker's Talk Sparked All Kinds of Crypto Mockery

The head of the Bank for International Settlements briefly became the butt of crypto Twitter trolling last week after issuing new comments on the tech.

Agustín Carstens

Markets

BIS Chief to Crypto Coders: 'Stop Trying to Create Money'

Agustín Carstens, general manager of the Bank for International Settlements, made strong comments again on cryptocurrency.

Agustín Carstens

Markets

Halt the Internet? BIS Report Critiques Blockchain and DLT Claims

The Bank of International Settlements harshly reviewed the idea of cryptocurrencies, though it was more accepting of the idea of distributed ledgers.

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