The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) of the Bank for International Settlements (BIS) published guidance on s...
Tag: BIS
BIS Committee and IOSCO issue guidance for regulation of stablecoin arrangements
The principle of “same risk, same regulation” for crypto received further confirmation with the release Wednesday of new guidance on stablecoin arrangements (SAs). The guidance, issued by the Bank for...
BIS Calls for Global Collaboration with CBDC Designs
Each of the CBDC access models has different implications around risks, efficiency, resilience and interoperability, the report continued, noting there is no “one size fits all” solution. For example,...
Crypto Weekly Roundup: Grayscale Sues SEC, BIS Softens Stance, Lazarus Behind Horizon Hack, Roger Ver Named In CoinFLEX Issues, FTX Closing On BlockFi, And More
The Horizon Bridge hack continues to be one of the leading news in the market right now. Blockchain analytics firm Elliptic has named the infamous North Korean hacker group Lazarus as the mastermind b...
BIS May Allow Banks To Hold 1% Of Reserves In BTC
The Bank for International Settlements has always maintained a skeptical stance regarding cryptocurrencies, which was further exasperated after the recent crash. However, it seems to have softened its...
BIS: Crypto’s ‘Structural Flaws’ Make It Unsuitable as Basis for Monetary System
A new report from the Bank for International Settlements (BIS) concludes that crypto’s “structural flaws” make it “unsuitable as the basis for a monetary system.” The Ann...
Crypto resonates better with BIS’ vision of ideal monetary system
In its continued efforts to identify the ideal future monetary system, The Bank of International Settlements (BIS) revealed the edge of the crypto ecosystem over the present-day fiat economy when it c...
Fears Over Decentralized Digital Currencies Coming true, Says BIS
Long-held fears about decentralized digital currencies are now coming to fruition with the recent downturn of the cryptocurrency markets, according to the global umbrella body for central banks. Bitco...
BIS Says Crypto Weaknesses Have Materialized Following Market Sell-Off – Featured Bitcoin News
The Bank of International Settlements (BIS), the global body for central banks, claims the weaknesses in crypto that were pointed out before “have pretty much materialized.” BIS General Manager Agusti...
BIS compares projects to transfer central bank digital currencies across borders
The Bank of International Settlements (BIS) Innovation Hub released a report Tuesday looking at four projects that examined wholesale central bank digital currency (CBDC) transfers across borders. The...
BIS Says Crypto Warnings Have Materialized
Alex Dovbnya Bank for International Settlements (BIS) feels vindicated after recent cryptocurrency crash The Bank for International Settlements (BIS) claims that numerous warnings about the pitfalls o...
BIS Releases Report Criticizing Crypto
Key Takeaways A new report from the Bank for International Settlements argues that “structural flaws” make crypto an impossible basis for a new monetary system. The BIS however indicated its interest ...
BIS General Manager calls on people to trust central banks, CBDCs
? Want to work with us? CryptoSlate is hiring for a handful of positions! In drumming up interest for this year’s Bank of International Settlements (BIS) Annual Report, General Manager Agustin Carsten...
CBDCs, Not Crypto, Will Be Cornerstone of Future Monetary System, BIS Says
The BIS, an association of the world’s major central banks, dedicates a 42-page chapter in its 2022 Annual Economic Report to laying out a blueprint for the future of the global monetary system. In th...
BIS Innovation Hub to create platform addressing collapse of stablecoins, DeFi lenders
The Bank for International Settlements (BIS) Innovation Hub on Friday revealed the first three projects of its forthcoming Eurosystem Centre. Eurosystem Centre will open locations in Frankfurt and Par...
How effective will be the Market Intelligence platform that BIS is looking to launch?
Taking lessons from recent market crashes and their potential reasons, authorities are trying to prevent them from repeating further. The uncertainty of the Crypto market proved again when the T...
BIS unveils a market intelligence platform to tackle crypto and CBDC security
Despite the ongoing market turmoil, the Bank for International Settlements (BIS) is still showing interest in the cryptocurrency space. The institution’s market intelligence division is set to be laun...
Crypto Market Intelligence Portal Initiative Launch Announced by BIS
Bitcoin News Eurosystem Centre will examine various cryptographic options and evaluate them. The BIS Innovation Hub’s Hong Kong Centre will engage with the UNFCCC. BIS is launching a cryptocurrency ma...
BIS to launch market intelligence platform amid stablecoin, DeFi collapse
The Bank for International Settlements (BIS) Innovation Hub announced the launch of a new set of projects targeting various aspects of traditional and crypto payments — including a cryptocurrency mark...
BIS Report: Regulators Gotta Determine If Miner Extractable Value (MEV) Is Illicit
The Bank for International Settlements has recently published a research paper and has equated miner extractable value (MEV) to illegal activities in conventional markets such as front running and san...
BIS report warns about front-running threat in crypto mining
Since 2020, miners on the Ethereum blockchain have extracted around $600 million from other investors by miners, according to a new report by the Bank for International Settlements (BIS) focusing on c...
Regulators need to determine whether miner extractable value is illegal, BIS report says
? Want to work with us? CryptoSlate is hiring for a handful of positions! A new research paper published by the Bank for International Settlements has equated miner extractable value (MEV) to illegal ...
Regulators Need To Establish Whether MEV Is Illegal: BIS Report
Key Takeaways A new Bank for International Settlements research paper has likened MEV to illegal market manipulation in traditional markets. The paper suggests that regulators must establish whether M...
BIS Calls Crypto Market ‘Fragmented,’ Incapable of Coordination
The Bank for International Settlements (BIS) said in a bulletin published Tuesday that it does not see the potential for payments infrastructure in a fragmented blockchain ecosystem. The Bank for Inte...
BIS Economists Contend Crypto Can’t Fulfill the Role of Money
Not a fan of Bitcoin or crypto in general, the BIS, which is an organization that represents the world’s major central banks, has been advancing its own research into central bank digital curren...
Regulate Ledgers and Not Individual Crypto Providers, BIS Study Says
That hits the nub of why regulators and the crypto world are often in such conflict. Traditional financial regulations are focused on institutions such as banks, and it isn’t easy to shoehorn blockcha...
90% of Central Banks Explore Launching CBDCs (BIS Survey)
In its most recent research, the Bank of International Settlements (BIS) estimated that nine out of ten central banks explore how to release their own CBDC. Moreover, 50% of those financial institutio...
9 in 10 Central Banks are Eyeing CBDCs, BIS Study Shows
90% of apex banks have shown intentions of rolling out Central Bank Digital Currencies (CBDCs), according to a study by the Bank for International Settlements (BIS). Per the report: “Nine out of...
90% of surveyed central banks are exploring CBDCs — BIS
A survey conducted by the Bank for International Settlements, or BIS, suggested that many central banks around the world are looking into rolling out a central bank digital currency, or CBDC. In a pap...
BIS: 95% of World Central Banks Into CBDC
BIS initiates a survey of central banks. Approximately 95% of central banks are into CBDC. The next two years will witness the launch of numerous CBDCs. Once apparently neglected, criticized, and rid...
Number of central banks involved in CBDC jumps 14%, BIS reports
The creation of central bank digital currencies (CBDCs) was one of the most notable stories in blockchain and cryptocurrency in 2021, even if CBDCs aren’t always linked to blockchain or decentra...