Latest BIS News

BIS tokenization moves to real value payments

BIS tokenization work has cleared its atomic settlement prototype phase and will graduate to real-value cross-border payment trials. BIS tokenization work has cleared its atomic settlement prototype phase and will graduate to real-value cross-border payment trials. The Bank for International…

1 week ago

Are central banks ready to move tokenization from simulation to real money?

A Bank for International Settlements-led trial has shown that tokenized central bank money and bank deposits can complete cross-border payments in a single atomic step across currencies. According to the Bank for International Settlements (BIS), Project Agorá has tested how…

1 week ago

BIS chief warns U.S. dollar stablecoins could destabilize global markets

Central bankers are warning that the rapid growth of U.S. dollar stablecoins could trigger a new wave of financial instability if these digital assets continue to operate outside of traditional banking safeguards. Pablo Hernández de Cos, the general manager of…

Apr 20, 2026 at 9:45 AM UTC

BIS digital currency lead quits early amid leadership changes

Cecilia Skingsley will leave her role as head of the BIS Innovation Hub next month, cutting short her five-year term by two years amid a broader leadership reshuffle at the central bank body. The Bank for International Settlements digital currency…

May 23, 2025 at 10:14 AM UTC

BIS mulls ending mBridge pilot touted by Putin as dollar alternative: report

The Bank for International Settlements is mulling ending a cross-border payments platform eyed by the Russian president as a tool to bypass U.S. sanctions. The Bank for International Settlements is reportedly debating the future of its mBridge cross-border payments project…

Oct 29, 2024 at 7:54 AM UTC

BIS and big banks introduce Project Mandala for improved cross-border transactions

The Bank for International Settlements and central banks from Australia, South Korea, Malaysia, and Singapore have introduced Project Mandala, a system that embeds regulatory compliance directly into cross-border financial transactions. This initiative addresses common hurdles in international transactions, such as…

Oct 28, 2024 at 2:52 PM UTC

BIS teams up with Bank of England to monitor stablecoin reserves

The Bank for International Settlements has announced a joint project with the Bank of England aimed at tracking stablecoins’ reserves. The Bank for International Settlements Innovation Hub in collaboration with the Bank of England announced a new joint pilot aimed…

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Aug 1, 2024 at 8:10 AM UTC

BIS launches Project Agorá to explore tokenization in financial systems

The Bank for International Settlements unveiled Project Agorá, an initiative to explore the potential of tokenization to enhance the efficiency of global financial systems.

Apr 3, 2024 at 3:47 PM UTC

BIS issues recommendations for global stablecoin regulation

The Bank for International Settlements has issued a set of recommendations aimed at regulating global stablecoins.

Mar 1, 2024 at 5:22 PM UTC

BIS illustrates how CBDC payments can balance privacy and transparency

A recent report from Project Tourbillon, led by the Bank for International Settlements' Innovation Hub, reveals significant advancements in balancing privacy and transparency in CBDCs.

Nov 29, 2023 at 7:08 PM UTC

BIS researchers believe that stablecoins will not live up to hype

A recent report by the Bank for International Settlements raises concerns about stablecoins' ability to maintain parity with their pegged assets, challenging their stability and reliability as a digital currency.

Nov 8, 2023 at 7:08 PM UTC

Global watchdog: Stablecoin cons outweigh pros for cross-border transactions

The Committee on Payment and Market Infrastructures has highlighted both the potential and the substantial challenges of adopting stablecoins in global cross-border payments, underscoring their current non-compliance with international regulations.

Oct 31, 2023 at 3:19 PM UTC