BIS


Policy

Countries Should Set Up Legal Frameworks to Support CBDCs: BIS Chief

It is unacceptable that unclear or outdated legal frameworks could hinder their deployment, Agustin Carstens general manager of the Bank for International Settlements said.

Agustin Carstens (Horacio Villalobos / Getty Images)

Policy

Crypto’s ‘Illusory Appeal’ Should Be Met by Regulation, Not Bans, BIS Study Says

Bitcoin ETFs could boost adoption because digital assets offer an escape route for state-imposed capital controls, a grouping of central bankers from the Americas said.

Central banks from Mexico and Colombia studied crypto's role in the developing world (Flickr)

Policy

Crypto Can’t Be Used as Money Due to ‘Inherent Flaws,’ BIS Tells G20

Central bankers, wary of displacing their own fiat currencies, pointed to the past year's prominent hacks and collapses.

BIS headquarters in Basil, Switzerland.

Opinion

Step Aside ‘Blockchain Technology’, IMF and BIS Have a New Crypto Buzzword

Financial stewards including the International Monetary Fund and Bank for International Settlements say tokenization is the future. They’re wrong.

(Bruno Sanchez-Andrade Nuño/Flickr)

Policy

Unified Ledger for CBDCs, Tokenized Assets Could Enhance Global Financial System: BIS

“This would be a game-changer in how we think about money and how transactions take place,” said the central bank group’s Head of Research Hyun Song Shin.

BIS Head of Research Hyun Song Shin (BIS)

Policy

Central Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments

An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown.

Francesca Hopwood Road, directora del Innovation Hub London Centre del BPI.

Policy

Central Banks Successfully Test DLT in Linking Financial Settlement Systems

The experiment run by the Bank of England and the Bank for International Settlements shows it's possible to settle large synchronized transactions in central bank money, a report said.

The Bank of England is reportedly hiring 30 people to develop a national digital currency. (Camomile Shumba/CoinDesk)

Policy

BIS Says 'Hub-and-Spoke' Cross-Border Transfers Offer Benefits to Retail CBDC

The system is designed to offer users the best foreign-exchange rates and faster transactions while allowing central banks to keep almost total control of their currencies.

(Hubert Neufeld/Unsplash)

Policy

Certain Banks' Crypto Exposure Dropped by 44% Globally in 2022 From Previous Year: BIS

The Basel Committee on Banking Supervision endorsed in December rules that a bank's exposure to certain cryptocurrencies must not exceed 2%.

Agustin Carstens, directivo del BIS. (Stephen Jaffe/Getty Images)

Policy

2022 Events Cast 'Serious Doubts' on Stablecoins as Money: BIS Chief

Agustin Carstens, who has previously criticized stablecoins, said they do not benefit from the regulatory requirements and protections that apply to bank deposits.

Agustin Carstens, general manager at the BIS. (Horacio Villalobos/Getty Images)