Bank for International Settlements

BIS Launches Innovation Hub With Nordic Central Banks Focusing on CBDCs

The launch of the Nordic hub marks the fifth BIS Innovation Hub Centre to be opened in the past two years.

News  ·  16 June 2021

Turkey to Pilot Digital Currency in 2021, Says Central Bank Governor

Naci Ağbal's comments would place Turkey on the fast track to central bank digital currency.

News  ·  26 December 2020
Regulation

Central Banks See ‘No Value’ in Issuing Digital Currency: BIS Chief

BIS chief Agustin Carstens has said that central banks are wary about issuing digital currencies due to the "huge operational consequences."

Policy & regulation  ·  25 March 2019
Regulation

Cryptocurrencies Pose Risks to Banks, Warns Basel Committee

The Basel Committee on Banking Supervision has warned that the growth of cryptocurrencies poses a number of risks to banks.

Policy & regulation  ·  14 March 2019
Bitcoin

BIS Chief Slams Bitcoin As Ponzi Scheme and Threat to Central Banks

The head of the Bank for International Settlements has blasted bitcoin as "a bubble," "a Ponzi scheme" and an "environmental disaster."

Policy & regulation  ·  6 February 2018