BIS

BIS, IMF, World Bank Say Central Banks Must Consider Cross-Border Implications of CBDCs

Central banks are focusing on domestic CBDC use, even though the implications go beyond borders.

News  ·  9 July 2021
BIS

BIS Rules Out Distrust in Mainstream Finance as Crypto Driver

People with more security concerns about fiat money may seek information about crypto, but ultimately decide not to invest.

News  ·  2 July 2021
CBDCs

BIS Says Bitcoin Has Few Redeeming Attributes

Cryptocurrencies are "speculative assets rather than money" used in many cases to facilitate financial crime, the central bank organization said.

News  ·  23 June 2021
Banking

Basel Committee Proposes Banks Set Aside Capital to Cover Bitcoin Exposure

The committee proposed splitting crypto assets into two groups: those eligible for treatment under existing frameworks and those that are not.

News  ·  10 June 2021
Regulation

Basel Committee Says It Will Study Crypto-Asset Rules

The committee said it will publish a consultation document later this week.

Policy & regulation  ·  7 June 2021
CBDC

Digital Yuan Won’t Give China ‘First-Mover Advantage’ With CBDCs, BIS Chief Says

"Digital nature alone" will not be enough to give any one CBDC an edge as an international reserve asset, the BIS general manager asserts.

News  ·  31 March 2021
CBDCs

BIS Researchers Grapple With Implications of Interoperable CBDCs

Central bank digital currencies would largely benefit countries if they work together to eliminate traditional banking frictions, a research note said.

News  ·  19 March 2021
Bitcoin

BIS Chief Blasts Bitcoin’s Viability, Prompting Blowback From Advocates

Bitcoin maximalists cried foul at the central banker's prognostications.

People  ·  27 January 2021
CBDC

BIS: CBDC Research Gaining Steam but Widespread Issuance Years Away

Central banks remained adamant private stablecoins do not factor into their CBDC calculus.

News  ·  27 January 2021
CoinFlash

BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments

The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021.

Policy & regulation  ·  22 January 2021
CBDCs

CBDCs: An Idea Whose Time Has Come?

Almost 50 monetary authorities and central banks are researching and developing wholesale or retail CBDCs. What does 2021 hold in store?

Policy & regulation  ·  30 December 2020
CBDCs

Swiss Wholesale CBDC Trial Shows ‘Feasibility’ for Central Bank Money on Distributed Ledger, BIS Says

A Swiss experiment on how central bank money can be linked to markets built on distributed ledger technology (DLT) yielded positive results.

News  ·  3 December 2020
Stablecoins

BIS Paper Says There’s Potential to Embed Regulation Into Stablecoin Systems

The need to regulate global stablecoins like libra doesn't mean authorities can't embrace innovation, according to according to a BIS working paper.

Policy & regulation  ·  25 November 2020
CBDCs

Benoit Coeure Reveals BIS Plan for CBDC Trial Starting in 2020

BIS is planning a proof-of-concept trial of a CBDC in collaboration with the Swiss central bank.

Policy & regulation  ·  26 October 2020
Federal Reserve

Federal Reserve, 6 Other Central Banks Set Out Core Digital Currency Principles

The seven central banks, along with BIS, have released a report setting out agreed core objectives that must be met by national digital currencies.

Policy & regulation  ·  9 October 2020