The Bank for International Settlements (BIS) has released a bulletin suggesting three possible approaches to address the risks associated with cryptocurrencies to avoid collapses like what we witnesse...
Tag: BIS
BIS profers possible solutions to address the risks of the crypto markets
The Bank for International Settlements (BIS) has suggested possible solutions to the numerous risks of the crypto industry, including high-profile implosions like the FTX scandal. BIS says decentraliz...
BIS suggests containing crypto by shattering ties with TradFi to address the market risks
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto indu...
Bank of International Settlements outlines policy approaches to ban, contain or regulate crypto
The Bank of International Settlements (BIS) suggests that authorities can take three different approaches when it comes to crypto following a particularly turbulent year: Regulate, contain or call for...
BIS Greenlights Banks to Hold 1%-2% in Crypto – Trustnodes
Commercial banks across the world can now hold between 1% and 2% of their tier 1 capital in crypto following a decision by the Basel Committee’s oversight body. The Group of Central Bank Governors and...
BIS Now Allows Banks to Hold 2% of Reserves in…
A new policy by the Bank for International Settlements (BIS) will permit banks to hold 2% of their reserves in cryptocurrencies. The BIS recently issued its Prudential Treatment of Cryptoasset Exposur...
BIS Now Permits Banks To Hold 2% of Reserves in Cryptocurrency
Bitcoin News Financial institutions may now keep 2% of their reserves in crypto as per the latest policy. Effective January 1, 2025, this policy will govern defining and handling of crypto assets. The...
International banking regulatory body backtracks on stablecoins
A Switzerland-based organization that sets international banking standards released new proposed guidance for banks to manage exposure to digital assets that retracts previous draft rules for stableco...
What’s Inside The BIS Research Report on CBDCs in Africa?
BIS or Bank for International Settlements is a Committee of banking supervisory authorities. It helps to promote financial stability through better coordination and interaction between all the Interna...
BIS analysis reveals unequal CBDC uptake in Africa
According to a report that was published on November 24 by the Bank of International Settlements (BIS), many of the central bankers on the African continent have greater faith in CBDC than mobile mone...
BIS report finds uneven progress, differing motivations in African CBDC adoption
Mobile money has been a strong competitor to central bank digital currency (CBDC) in Africa, but many of the continent’s central bankers have greater faith CBDC, according to a Bank for International ...
A Large Number of Bitcoin Retail Investors Incur Losses, BIS Study Reveals
The BIS (Bank of International Settlements) is a Switzerland-based bank belonging to 63 national central financial institutions that recently revealed a new survey based on Bitcoin. Primarily, the BIS...
Bitcoin buyers drawn by rising prices, not dislike for banks: BIS report
Bitcoin (BTC) investors are more likely enticed by the cryptocurrency’s rising prices, rather than their dislike of banks or its perceived use as a store of value, a new report from the Bank for Inter...
BIS to Adopt DeFi Implementation in Forex CBDC Markets
In its exploration of blockchain technology, the Bank for International Settlements (BIS), along with the “Eurosystem” – central banks of France, Singapore, and Switzerland will be launchi...
BIS and multiple central banks to explore CBDC trading and settlement
The Bank for International Settlements (BIS) has announced plans to explore cross-border settlement and trading involving the central bank’s digital currencies (CBDC) powered by decentralized finance ...
20 Banks Settled Cross-border Transactions Over $22M through BIS CBDC Project ‘mBridge’
– Advertisement – BIS’ Project mBridge Facilitated 164 FX Transactions Totaling $22M+ in Its 6-Week Pilot Stage. The mBridge Project has demonstrated efficient cross-border settlements, ...
Foreign Exchange Transactions Take Center Stage in New BIS CBDC Report
Central banks – based in Hong Kong, China, the United Arab Emirates and Thailand – issued over $12 million on the platform, allowing the commercial banks to conduct payment and foreign exchange paymen...
BIS Caps Banks’ Crypto Exposure at 0.01%, Great News for Crypto – crypto.news
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 pr...
BIS get Green-Sign in Multi-CBDC X-Border Payment Pilot Project
BIS announced that a multi-jurisdiction CBDC pilot spearheaded by BIS Innovation Hub completed successfully. The project recorded 164 transactions that were worth nearly $22 million in real-value X-bo...
BIS Proclaims Success in Multi-CBDC Cross-Border Payment Pilot Project BIS Proclaims Success in Multi-CBDC Cross-Border Payment Pilot Project
The Bank for International Settlements (BIS) on Tuesday announced that a multi-jurisdiction CBDC pilot spearheaded by BIS Innovation Hub has been successful. The project saw 164 transactions worth nea...
BIS Sets Up To Explore CBDC With The Central Banks Of Sweden, Israel And Norway
One of the most notable features of cryptocurrency is its ability to enable instant cross-border payments, which has attracted a widening number of territories so far. Around 105 countries have tapped...
BIS Launches Project Icebreaker with Central Banks to Explore CBDC
The Bank for International Settlements (BIS) has rolled out Project Icebreaker together with the central banks of Sweden, Norway, and Israel to see how CBDCs can be utilized for international remittan...
Israel, Norway and Sweden central banks partner with BIS to explore CBDC payments
The Bank for International Settlements, or BIS, has reported it will be partnering with the central banks of Israel, Norway and Sweden to explore international retail and remittance payments use cases...
BIS Announces Successful Completion Of CBDC For Cross-border Transactions
The world is gradually heading towards a cashless society such as CBDC making cash payments obsolete. When this happens, fiat currencies might no more be in use. So central banks are aggressively laun...
BIS concludes CBDC pilot with cross-border payments totalling $22M transacted
A pilot project involving four Asian central bank digital currencies (CBDC) involving real-value transactions was completed on Sept. 23, according to a LinkedIn post by Bank for International Settleme...
BIS executives say digital technologies are key to rich monetary systems
Join Our Telegram channel to stay up to date on breaking news coverage Central bank digital currencies (CBDCs) have been at the heart of discussions in many central banks worldwide. According to centr...
Crypto’s adaptability, openness key to ideal monetary system, say BIS execs
Governments across the globe see central bank digital currencies (CBDC) as a means to improve the existing fiat ecosystem. Cryptocurrency’s technical prowess supported by the central bank’s underlying...
Central Bank Digital Currencies And Freedom Are Incompatible
Eswar Prasad, professor of trade policy at Cornell University, arrives for dinner during the Jackson … [+] Hole economic symposium, sponsored by the Federal Reserve Bank of Kansas City, in Moran...
Stablecoin Regulation Ramps Up Across the Globe With New BIS Guidance
Stablecoins generally must follow the same settlement rules as traditional finance, BIS said In the wake of UST, clear rules are essential, international governments agree As regulators around the wor...