The Bank for International Settlements (BIS) has released a report summarizing the “Project Icebreaker” trial, which explored the potential advantages and difficulties of utilizing a retail central ba...
Tag: BIS
BIS Concludes Exploration On Retail CBDC Project
The Bank for International Settlements (BIS) has wrapped up its exploration of a project related to international payments using CBDC. Project Icebreaker Concludes The Bank for International Settleme...
BIS Concludes “Ice Breaker” Trial For Cross-Border CBDC Implementation
BIS finalized tests on Project Icebreaker in collaboration with Israel, Norway, and Sweden. The exercise tested the technical feasibility of cross-border, cross-currency transactions with different re...
BIS proposes new cross-border CBDC payment system
According to research from the Bank of International Settlements (BIS), a transnational system that connects digital currencies issued by central banks would make it possible to make worldwide cheaper...
BIS successfully completes retail CBDC pilot called Project Icebreaker
Ad The Bank for International Settlements (BIS) has successfully completed a pilot retail central bank digital currency (CBDC) pilot called Project Icebreaker, according to a March 6 press release. Th...
BIS wraps exploration project on retail CBDC payment system
The Bank for International Settlements, or BIS, has reported it has concluded a project exploring international retail and remittance payments use cases for central bank digital currencies, or CBDCs, ...
BIS develops cross-border retail CBDC payment system
A cross-border system connecting central bank digital currencies could allow for cheaper and safer global payments, according to a report published by the Bank of International Settlements on Monday. ...
Crypto Users Adversely Affected by FTX and Terra Meltdown: BIS
Last year the crypto market was hugely affected due to market volatility and bankruptcies. Investors and crypto users faced the worst bear markets at the end of 2022 due to the sudden collapse of FTX....
FSB, IMF, and BIS to Provide Global Crypto…
The G20 announced that the Financial Stability Board (FSB), the International Monetary Fund (IMF), and Bank for International Settlements (BIS) would soon publish recommendations for establishing a gl...
FSB, IMF and BIS papers to set global crypto framework, says G20
The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will deliver papers and recommendations establishing standards for a global...
Crypto Industry Lost Over $650B After Two Major Scandals in 2022: BIS
A recent report by the Bank of International Settlements (BIS) revealed that the crypto industry lost over $650 billion after two major scandals that rocked the market last year. The report titled “Cr...
Edward Snowden Fires Back at BIS Chief Amid Claims That Crypto Has Lost to Fiat
The NSA whistleblower launched an unapologetic verbal attack against the BIS chief in a series of tweets. National Security Agency consultant cum whistleblower Edward Snowden has fired back at the chi...
BIS head describes ideal ‘unified ledger’ for central banks and other financial users
General manager of the Bank for International Settlements Agustín Carstens spoke at the Singapore FinTech Festival on Feb. 22 and described the digital financial infrastructure he believes would best ...
BIS Head Favors CBDC, Dismisses Crypto As Trustworthy Source
The argument for establishing digital currency as an alternative to fiat currency has come to an end according to Agustin Carstens, who is the head of the Bank for International Settlements. In an int...
Why stablecoins may not replace fiat currency, as per BIS Chief
The events of 2022 reportedly raise “serious doubts about the potential of stablecoins to serve as money.” Many stablecoins now in use may not adhere to the tight requirements imposed for issuers. Agu...
BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning – Bitcoin News
According to Agustin Carstens, the head of the Bank for International Settlements (BIS), cryptocurrencies have lost the “battle” against fiat currencies issued by the world’s central banks. While spea...
BIS chief says cryptocurrencies ‘don’t make for trusted money’
The head of the Bank for International Settlements (BIS), Agustín Carstens, has expressed skepticism about cryptocurrencies, questioning their ability to replace fiat currency. According to Carstens,...
BIS general manager imagines financial innovation without stablecoins
The turmoil in crypto markets has erased the Bank of International Settlements’ belief that there is any hope that stablecoins would be the future of money, according to the financial institution̵...
Most Retail Crypto Investors Lost Money Over the Last 7 Years, According to BIS Analysis – Bitcoin News
According to data from the Bank for International Settlements (BIS), published in the latest BIS Bulletin No. 69, researchers assessed that, on average, most users lost money on their investments over...
BIS Report inspects aftermath of 2022’s crypto crashes, concludes…
The Bank of International Settlements recently published a report on the aftermath of 2022’s crypto crashes. The report found that there was a significant boom in trading activity after the collapse o...
BIS: 2022’s Crypto Crash Had Little Impact On Traditional Finance
A recent report by the BIS found that 2022’s crypto crash had little impact on traditional finance. The collapse of Terra and FTX had the most impact on bitcoin investors from emerging economies. The ...
Whales profited from retail investors in 2022 crypto crash, BIS report
A new report by the Bank for International Settlements (BIS) reveals most retail crypto investors bought the dip in the wake of Terra Luna and FTX’s collapse while larger investors mainly sold. As a r...
Trading on major exchanges spiked following collapse of Terra, FTX: BIS report
A report from the Bank for International Settlements (BIS) suggests that trading activity on major exchanges increased in the days following the collapse of crypto firms FTX and Terraform Labs. In a F...
If You Bought Bitcoin After 2015, You’ve Likely Lost Money: BIS
The only investors making money from buying Bitcoin are the whales and pro traders—and if you bought the cryptocurrency after 2015, you’ve probably lost money. That’s according to a new report from t...
Majority of bitcoin retail investors lost money in the last seven years: BIS
The major crypto debacles of 2022 caused a spike in retail crypto trading, new data from the Bank for International Settlements suggests. However, the data suggests that large investors sold their ass...
BIS To Launch Stablecoin Monitoring Project Amid CBDC Development
The Bank of International Settlement (BIS) has decided to expand its tentacles beyond the walls of central banks’ oversight and Central Bank Digital Currency (CBDC) development. The Swizz-based Bank o...
BIS Project ‘Pyxtrial’ Developing Tool to Monitor Stablecoin Reserves
The Bank for International Settlements (BIS) plans to sharpen its focus on stablecoins and Central Bank Digital Currencies (CBDCs) in 2023, with the goal of “improving payment systems” and “securing t...
New BIS Innovation Hub Head Outlines Cross Border CBDC Limitations
22 mins ago | 2 mins read Altcoin News She cautioned that CBDC would meet geopolitical restrictions. Cecilia Skingsley believes that CBDCs modernize the transfer of currency. The new head of the BIS I...
BIS Official Predicts Crypto Recovery Amid Global CBDC Expansion
BIS Innovations head, Cecilia Skingsley says the crypto industry will learn from recent failures and develop new things. Skingsley expects the new wave of CBDCs to face geographical limitations. Incre...
BIS Economists Recommend 3 Crypto Policies for Regulators Worldwide to Adopt – Regulation Bitcoin News
Economists at the Bank of International Settlements (BIS) have recommended three policies regulators worldwide could adopt in order to deal with the risks posed by cryptocurrencies. “Authorities can n...
BIS Proposes Crypto Ban: Is It the Right Approach?
Bank for International Settlements (BIS) showcased its approach to regulating crypto in 2023. The thesis proposes three models to protect investors. Complete ban, Isolation & CBDCs discussed. Mu...
Bank for Central Banks Floats Ways to Contain Crypto, Including Ban
After a series of blowups in the crypto industry, the Bank of International Settlements is exploring de-risking policies for central banks, with a ban on crypto activity one potential option. Economis...