Tag: BIS
BIS advises central banks to plan in advance for CBDC security
Issuance of a central bank digital currency (CBDC) requires adequate attention to security, the Bank for International…
BIS Innovation Hub presents its ‘private CBDC’ project
The Bank for International Settlements (BIS) Innovation Hub has presented the final report on its “private CBDC”…
‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS
Stablecoins lack crucial mechanisms that guarantee money market stability in fiat, and an operational model that gave…
Stablecoins ‘not a safe store of value’: BIS
The Bank of International Settlements (BIS), a coalition of the world’s central banks, criticized stablecoins as being…
BIS General Manager urges central banks to “lead innovation” for CBDCs
Central banks have a responsibility not only to keep pace with the digital age but to lead…
Banks’ crypto exposure must be disclosed: BIS’ Basel Committee
The Basel Committee of the Bank of International Settlements (BIS) released a consultation paper on Oct. 17,…
BIS, EU central banks building data platform to track crypto, DeFi flows
The Bank of International Settlements (BIS) has developed a proof of concept (PoC) for a system tracking…
BIS thinks DeFi has no use cases, but CZ is bullish: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted…
‘Pure’ DeFi has little chance for real-world use because of need for oracles: BIS
The need for an oracle in decentralized finance (DeFi) is a major impediment to adoption in the…
Crypto amplified financial risks in emerging markets: BIS papers
Cryptocurrencies like Bitcoin (BTC) have failed to reduce but rather have “amplified financial risks” in less developed…