BIS reveals CBDC handbook for fintech development
In a recent development, the Bank for International Settlements (BIS) Innovation Hub has unveiled a comprehensive handbook.
BIS proposes new cross-border CBDC payment system
The BIS says a transnational system that connects digital currencies issued by central banks would make it possible to make worldwide cheaper and safer payments.
Fiat currency beat crypto says BIS head Carstens
In reaction to the BIS governor's comments that fiat had "won the war" against crypto and that "technology doesn't make for trustworthy money," a few people in the crypto community have spoken out.
BIS manager suggests a unified programmable ledger
Agustin Carstens, the general manager of the BIS, recently delivered a speech on innovation and the future of money.
BIS head warns on CBDC problems, positive on crypto
Cecilia Skingsley, the new head of the Bank of International Settlements (BIS), decried the lack of interconnectedness that will come with the proliferation of central bank digital currencies (CBDCs).
BIS report shows retail Bitcoin buyers increase during bull markets
The rise in the price of Bitcoin (BTC) is the most significant catalyst in the growth rate of new investors as opposed to other factors like distrust in public institutions like banks or search for a store of value, according…
Bank of Thailand Completes a Wholesale CBDC Pilot Program
The Bank of Thailand together with UEA's central bank, BISIH, the digital currency institute of the people's bank of China and HKMA have all adopted CBDCs according to a report by the BIS as more banks are looking to venture in the project.
BIS Caps Banks’ Crypto Exposure at 0.01%, Great News for Crypto
According to a recently released report by the Bank for International Settlements, the global banks’ crypto exposure currently stands at around 0.01%. While the numbers seem too low, this is a very promising statistic for the crypto landscape. Bank’s Crypto…
Swedish Riksbank Explores Cross-Border Payments in Project Icebreaker
In a press release on Wednesday, the Swedish Central Bank ( Sverige Riksbank) announced that in partnership with the central banks of Norway and Israel, along with the Bank of International Settlement (BIS), they were launching ‘Project Icebreaker’; a joint…
Hong Kong Central Bank, BIS Studying Blockchain for SME Financing
The Hong Kong Monetary Authority (HKMA) and the BIS Innovation Hub have launched Project Dynamo.
BIS, Four Central Banks Launching Joint CBDCs
The Bank of International Settlements (BIS) is collaborating with apex banks in Australia, Malaysia, Singapore, and South Africa to trial central bank digital currencies (CBDCs) for cross-border payments and remittances, according to a Coindesk report on September 2, 2021. CBDCs…
BIS Unveils Blueprint for Instant Cross Border Payments System
The Bank of International Settlements (BIS) has released the blueprint of its instant cross-border payments solution dubbed Nexus. The BIS Innovation Hub says the Nexus solution will connect with Instant Payment Systems (IPSs) across nations to offer users superfast cross-border…
BIS Makes the Case for Central Bank Digital Currencies Against Crypto Like Bitcoin
The Bank for International Settlements (BIS) has doubled down on its support for central bank digital currencies (CBDCs). Several countries around the work are examining the case for introducing wholesale or retail digital currencies to complement their fiat currencies. Central…
Financial Regulators Propose a Rule that Could Shatter Bank’s Interest in Crypto
The financial situation for Banks that have their eye on crypto may have just taken a sharp turn, as the Swiss financial committee says banks should set aside money to protect investors from losses incurred in cryptocurrency holdings. Banks ‘Under…
BIS Says CBDCs Likely Better than Private Stablecoins Like Libra
The Bank for International Settlements is the latest major financial organization looking to implement industry-standard regulations in the stablecoins arena. Meanwhile, several nations are also working towards creating their own central bank digital currencies (CBDCs) which are seen by some…
Bank for International Settlements Set to Trial Own CBDC
The Bank for International Settlements (BIS), has revealed that it’s collaborating with Switzerland’s central bank to carry out a proof of concept for its central bank digital currency (CBDC) and the project is scheduled to be completed by the end…