The tokenized green bonds are the Bank of International Settlements Innovation Hub's first green finance project.
“Central banks are considering a variety of [multi-CBDC] arrangements,” BIS researchers wrote.
At the same time, the BIS executive cast doubts on the cryptocurrency as a "means of payment."
Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to the head of the BIS Innovation Hub.
China is taking a great leap forward to develop a central bank digital currency, with more than 80 patents filed by the People’s Bank last week.
The working group will pool research into CBDCs.
The proof-of-work algorithm used by bitcoin and some other cryptos is not viable in the long term, argues a Bank of International Settlements study.
The head of the Bank of International Settlements briefly became the butt of crypto Twitter trolling last week after issuing new comments on the tech.
The Bank of International Settlements harshly reviewed the idea of cryptocurrencies, though it was more accepting of the idea of distributed ledgers.
The Bank of International Settlements intends to publish two cryptocurrency-focused chapters of its annual report this weekend.
A central bank-issued digital currency could fuel faster bank runs during periods of financial instability, the BIS said Monday.
Distributed ledgers could help update aging central banking systems, says a new report, but issuing cryptocurrencies will be a more complex affair.
The Bank for International Settlements (BIS) has released a new report on blockchains and distributed ledgers.