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BIS Economist Proposes "Embedded Supervision" to Enhance Transparency of Tokenized Markets
Economist Raphael Auer of the Bank for International Settlements (BIS) has championed distributed ledger technology (DLT) as a way of supervising financial market risks.
BIS and Central Bank Research Identifies Principles and Core Features For CBDC Issuance
The BIS along with seven central banks has released a report identifying the principles necessary for CBDCs to help central banks meet their public policy objectives.
BIS Newest Quarterly Report: What Potentials Do CBDCs and Distributed Ledger Technology Hold?
The Bank for International Settlements (BIS) has released its newest quarterly report on the changes in the payment industry, including the market impact of the recent coronavirus outbreak. Some of the trends mentioned in the report include stablecoins, tokenized securities, central bank digital currencies (CBDCs), cross-border payments, and peer-to-peer payments.
New BIS Report Advocates Using Embedded Monitoring Trackers For Stablecoins
A new report from the Bank for International Settlements has advocated the deployment of ‘Embedded Systems’ in the monitoring of global stablecoin projects.
BIS Taps Benoît Cœuré to Lead Digital Currency Initiative
Cœuré, who previously led a Group of Seven working group on global stablecoins, said that he was very happy to join the Basel-based institution:
The Bank for International Settlements
Industry executives and authorities have raised worries about crypto market structure after the 2022 meltdown.
BIS to Explore Potential Advantages of Defi on Small & Medium Enterprises in H.K.
As part of its research plans, the Bank for International Settlements (BIS) will explore if decentralized finance (DeFi) technologies can enhance financing for small and medium enterprises in Hong Kong.
Polygon NFT Gaming Firm Cross the Ages Secures $12m in Seed Round, Backed by Ubisoft, Animoca
Blockchain game "Cross the Ages" (CTA) has received a $12 million seed round from gaming crypto investment firm Animoca Brands, video game developer Ubisoft, and Sebastian Borget, co-founder and COO of The Sandbox.
Biswap DEX Unveils Improved AMM as Part of Its Ambitious 2023 Roadmap
BNB Chain decentralized exchange Biswap has published its 2023 roadmap which includes a number of proposed improvements and upgrades. It includes details of a new AMM, route optimization, and perpetual trading.
IMF Believes Central Banks Need Strong Legal Frameworks for CBDCs to Work
The issuance of CBDCs by apex global banks has become a hot topic in the crypto space, and the IMF has delved into it with some precautionary measures.
Central Bank Digital Currencies Are Not Like Bitcoin or Cryptocurrency
CBDC are digital assets, but they are not cryptocurrencies and in fact strike at the heart of the very philosophy that brought Bitcoin into existence.
Netherlands CBD Producers Harness Blockchain Technology for Enhanced Traceability
A consortium of Netherlands CBD producers called the Cannabinoid Association of the Netherlands (CAN) is leveraging blockchain technology to enhance traceability, accountability, and transparency in the CBD market.
IMF Emphasizes Digitalization in Financial Inclusion Agenda
IMF Managing Director Kristalina Georgieva emphasizes the role of digitalization in expanding financial inclusion. She calls for a balanced approach that includes regulation to ensure financial stability. The IMF has also been active in digital finance, recently presenting a crypto-risk assessment tool.
BIS Conference Addresses Cybersecurity in Central Bank Digital Currencies (CBDC)
Agustín Carstens, General Manager of the Bank for International Settlements, highlighted the importance of cybersecurity for central bank digital currencies (CBDCs) during a conference in Basel, Switzerland, emphasizing the need for secure, user-friendly, and adaptable systems.
Regulating the Metaverse: BIS's Call for Unity
BIS emphasizes the need for interoperable payment technologies and robust regulatory framework to prevent metaverse fragmentation and private interests dominance, emphasizing Central Bank Digital Currencies' importance.
BIS to Adopt DeFi Implementation in Forex CBDC Markets
The Bank for International Settlements (BIS), along with the “Eurosystem” – central banks of France, Singapore, and Switzerland will be launching a new project called “Project Mariana.”
Coinbase Plans to Transition into the AWS of Digital Currencies
Coinbase’s Chief Product Officer Surojit Chatterjee announced the company’s plans to transition into the Amazon Web Services (AWS) of the digital currency ecosystem.
BIS builds out "game-changing" blueprint for the future monetary and financial system
The Bank for International Settlements (BIS) is set to redefine the global financial landscape with its newly released blueprint for a futuristic monetary system.
BIS has long taken a cautious approach
Agustin Carstens mocks crypto and Bitcoin. Tech doesn't work for money, he told Bloomberg.
Bank for International Settlements to Issue a PoC CBDC With the Swiss Central Bank Before the End of 2020
The Bank for International Settlements is set to issue a CBDC at the Proof of Concept stage in conjunction with the Swiss National Bank before year-end.
UK to Host First International AI Safety Conference in November
The United Kingdom is set to host the world's first international conference on AI safety on November 1-2, 2023. The summit aims to position the UK as a mediator in tech discussions between the US, China, and the EU. Prime Minister Rishi Sunak will host the event at Bletchley Park, featuring notable attendees like US Vice President Kamala Harris and Google DeepMind CEO Demis Hassabis. The conference will focus on the existential risks posed by AI, among other safety concerns.
Portugal's Bison Bank Acquires Crypto License from the Central Bank
Bison Bank, a Portuguese financial institution, has been given license by the nation's Central Bank, Banco de Portugal to provide virtual asset services.
How Does Cryptocurrency Regulation News Affect the Bitcoin Price? Bank Of International Settlements Research Reveals
New research conducted on behalf of the Bank for International Settlements indicates that contrary to popular belief, the Bitcoin price and other cryptocurrency prices respond very positively to news of coming regulations,when they are clear.
Coinbase Lands in Japan, Pairing with Mitsubishi UFJ Financial Group to Expand Crypto Trading
US cryptocurrency exchange Coinbase announced partnered with Japan's largest bank Mitsubishi UFJ Financial Group (MUFG), to expand cryptocurrency trading in Japan.
White Star Capital Announces Second Digital Asset Fund Anchored by Ubisoft
Multi-stage investment platform, White Star Capital, has announced the first close of its second Digital Asset Fund (DAF II), with backing from top investors like Ubisoft.
Financial Stability Risks from Cryptoassets in Emerging Market Economies Highlighted by BIS
The Bank for International Settlements (BIS) and the Consultative Group of Directors of Financial Stability (CGDFS) have released a report on the financial stability risks from crypto assets in emerging market economies. The report highlights the rapid evolution of digital finance and the potential risks associated with cryptoassets, such as market, liquidity, credit, operational, and capital flow risks.
BIS Survey: 93% of Central Banks Engaged in CBDCs, 15 Retail and 9 Wholesale CBDCs Expected by 2030
The Bank for International Settlements (BIS) has released a survey revealing that 93% of central banks are now engaged in some form of Central Bank Digital Currency (CBDC) work, with retail CBDCs taking the lead over wholesale CBDCs.
The Financial Stability Board (FSB) is pushing for international regulations
Global standard-setting organisations are helping the Financial Stability Board evaluate DeFi legislation in numerous countries.
BIS Advances Technology in Finance: Quantum, AI, and Green Initiatives for 2024
The Bank for International Settlements announces six innovative projects for 2024, focusing on quantum security, AI, and green finance, to enhance global financial system resilience.
Aeternity Partners with Uruguay Can to Track Cannabis Production Using Blockchain
Uruguay Can, one of the major cannabis production companies in South America, and Aeternity, an open-source blockchain firm intended for decentralized applications, have partnered in developing a supply chain management platform based on the blockchain technology.
Bank of England Tests DLT Settlement System
The Bank of England and the BIS Innovation Hub London Center successfully tested a distributed ledger technology-powered settlements system through Project Meridian, which could be extended to other asset classes to reduce time, costs, and risks of transactions.
Mitsubishi UFJ Trust Bank and Ginco Collaborate to Offer Japan's First Crypto Asset Trust Services
Mitsubishi UFJ Trust Bank and Ginco are partnering to provide Japan's first-ever trust services for crypto assets, in line with Japan's Payment Services Act and tax reforms.
BIS and Global Central Banks to Explore Asset Tokenization in "Project Agora"
The BIS collaborates with major central banks to study asset tokenization's potential to enhance the monetary system and cross-border efficiencies.
Four Countries to Conduct Cross Border CBDC Payment Trials
The Bank for International Settlements (BIS) has joined forces with the central banks of South Africa, Malaysia, Singapore, and Australia to kick start a project dubbed Dunbar aimed at testing the use CBDCs in cross border payments.
Why Young Investors are Increasingly Investing in Crypto and Cannabis
Crypto and cannabis markets seem to be attracting a rising number of young investors. Why is this so?
California Cannabis Grower Using Blockchain For Tracking
Blockchain and smart contracts help a California cannabis nursery authenticate its therapeutic plants. EMTRI and Global Compliance Applications announced a relationship with Mendocino Clone Company, a nursery. It will use blockchain to batch-certify all clones, or baby plants.
BIS Launches Project Icebreaker with Central Banks to Explore CBDC
The Bank for International Settlements (BIS) has rolled out Project Icebreaker with the central banks of Sweden, Norway, and Israel to see how CBDCs can be utilized for international remittance and retail payments.
Ubisoft Launches Digits, the First AAA-level Game Energy-saving NFT
Video game developer and publisher Ubisoft launches its own NFT called Digits on its Ubisoft Quartz NFT platform, stepping into the field of encrypted NFT.
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).
BIS analysis reveals unequal CBDC uptake in Africa
CBDC helps African central banks implement monetary policy. A CBDC would save money on banknotes, transportation, and storage. Sub-Saharan Africa sends two-thirds of the world's money.
BIS Identifies Three Key Factors as Challenges of Wholesale CBDC
The Central Bank Digital Currency (CBDC) project of the Bank for International Settlements (BIS) is generating more questions than answers as the multinational banking institution weighs in the technical and governance challenges that embody the attempt to create a multi-platform CBDC product.
Mitsubishi to Digitize Metal Resource Trade on Blockchain Platform
Mitsubishi Corporation has launched a blockchain platform to streamline and digitize metal trading via its metals and minerals subsidiary.
U.S. Lawmakers Urge Stricter Export Controls on Advanced Semiconductors to China
Two senior Republican members of the U.S. House of Representatives have called on the Biden administration to tighten export controls on advanced semiconductors to China. The lawmakers, Michael McCaul and Mike Gallagher, chairmen of the House Foreign Affairs Committee and the House Select Committee on China respectively, expressed concerns over the Department of Commerce's Bureau of Industry and Security's (BIS) lax enforcement of existing rules. The call for action comes amid advancements by China's Semiconductor Manufacturing International Corporation (SMIC) and Huawei Technologies.
Is the Rise of Decentralized Finance an "Illusion"? BIS Thinks so!
The Bank of International Settlements (BIS), has called the growth in the decentralized finance (DeFi) ecosystem an “illusion” with a handful of criticisms.
France & Switzerland Central Banks Succeed Pilot CBDC Trials in Conjunction with BIS
The trio of the Central Banks of France, Switzerland, and the Bank of International Settlements (BIS) has successfully conducted a wholesale Central Bank Digital Currency (wCBDC) trial involving both country’s fiat notes.
Ubisoft to Launch Blockchain-Based Collectibles to Support UNICEF
Ubisoft, the French-based video gaming company has launched blockchain-based collectibles in a bid to raise funds for UNICEF. Cryptocurrencies are taking the lead in fundraisers particularly due to their anonymous nature.
The Bank for International Settlements Gives CBDCs Full Backing
The Bank for International Settlements (BIS) announced its full support for developing central bank digital currencies (CBDCs) in pursuing financial and monetary stability through international cooperation with the mandate and support by central banks.
France and Switzerland Launches Cross-Border Central Bank Digital Currency Trials
The Central Bank of France and Switzerland have launched a joint cross-border CBDC trial.
"Bitcoin Is Risky," Says BIS Chief as Crypto and Unconventional Stocks like GameStop Gain Support
The Bank for International Settlements remains skeptical of Bitcoin, echoing the sentiments of many traditional banking institutions.
Six Central Banks Form Working Group to Assess Central Bank Digital Currencies
Six central banks around the world have come together to create a working group to share experiences on use cases on central bank digital currency (CBDC). With significant expertise in exploring digital currencies, these six central banks are the Bank of Canada, Bank of England, Bank of Japan, European Central bank, Sveriges Riksbank in Sweden, and the Swiss National Bank, and the Bank of International Settlements (BIS).
Global Energy Sector: Blockchain Application to hit $6.29 Billion by 2024
BIS Research has presented a new market intelligence report dubbed ‘Global Blockchain in Energy Market - Analysis and Forecast, 2018-2024.’ It reveals that blockchain application in the energy market was worth $518.6 million in 2018 and its value will reach $6.29 billion in 2024.
Bank of International Settlement Revealed Positive Outlook on Central Bank Digital Currencies
The Bank for International Settlements (BIS), a coalition of 62 central banks, has weighed in on the trending topic of central bank digital currencies (CBDCs). The global central bank noted a positive interest by central banks to develop their state-backed digital currencies.
World Bank Pushes to Raise the Bar for FinTech and DLT for Cross-Border Interoperability and Financial Inclusion
The World Bank Group has recently published a study, issued by the Bank for International Settlements (BIS) on “Payment aspects of financial inclusion in the FinTech era,” highlighting the concepts derived using blockchain, including stablecoins, and central bank digital currencies (CBDCs).
Predictions of Rising Potential for Bitcoin and Ethereum in 2020
A recent Forbes article gives us insights into the driving forces which could determine the trends to follow in the upcoming year, within the cryptocurrency market. Read more in the article below, with insights from leaders from BIS, NEM Ventures, Close Cross, and CVA.