Bank for International Settlements Archives

BIS releases details for widely anticipated Project mBridge ahead of MVP

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5 November, 2023

BIS releases details for widely anticipated Project mBridge ahead of MVP

Project mBridge is inching forward to launching an MVP in 2024, and to achieve this, the Bank for International Settlements...

Bank of Korea teams up with BIS, local institutions for wholesale CBDC experiment

Business

Wahid Pessarlay

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9 October, 2023

Bank of Korea teams up with BIS, local institutions for wholesale CBDC experiment

The Bank of Korea is looking to develop a new monetary system that focuses on the use of a wholesale...

BIS completes wholesale CBDC trial for FX, cross-border payments

Business

Wahid Pessarlay

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7 October, 2023

BIS completes wholesale CBDC trial for FX, cross-border payments

In Project Mariana's proposed design, central banks do not need to control the underlying platform but will rely on smart...

BIS concludes wholesale CBDC experiment for FX, cross-border payments

Business

Wahid Pessarlay

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5 October, 2023

BIS concludes wholesale CBDC experiment for FX, cross-border payments

The Bank for International Settlements has released the Project Mariana report, exploring challenges and solutions in a wholesale CBDC pilot...

BIS chief: Outdated legal systems hindering CBDCs are ‘unacceptable’

Business

Steve Kaaru

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4 October, 2023

BIS chief: Outdated legal systems hindering CBDCs are ‘unacceptable’

While 93% of central banks are exploring CBDCs, over 80% of legal frameworks bar the rollout of these digital currencies,...

mBridge CBDC project to onboard new participants as it moves closer to MVP launch

Business

Wahid Pessarlay

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28 September, 2023

mBridge CBDC project to onboard new participants as it moves closer to MVP launch

Cross-border CBDC project mBridge progresses with minimum viable product launch plans, expanding participation to Southeast Asian central banks, while U.S....

BIS partners with Israel, Hong Kong for retail CBDC experiment

Business

Wahid Pessarlay

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17 September, 2023

BIS partners with Israel, Hong Kong for retail CBDC experiment

The Bank for International Settlements has announced a successful CBDC proof of concept—Project Sela—prioritizing inclusivity and privacy, poised to revolutionize...

Bank for International Settlements launches blockchain sustainable finance initiative

Business

James Field

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13 September, 2023

Bank for International Settlements launches blockchain sustainable finance initiative

Leveraging the power of emerging technologies, the Bank for International Settlements and the United Arab Emirates open a competition that...

BIS: Digital assets a financial stability risk for emerging markets

Business

James Field

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24 August, 2023

BIS: Digital assets a financial stability risk for emerging markets

The Bank for International Settlements outlines the dangers digital assets pose to global financial stability, noting that international cooperation and...

Business

Wahid Pessarlay

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14 July, 2023

24 CBDCs set to launch by 2030, over 93% of central banks experimenting with the asset class: BIS

Bank for International Settlements notes that the retail CBDCs will be the dominant offering while their wholesale versions will be...

Monetary Authority of Singapore proposes new design framework for digital currencies

Business

Wahid Pessarlay

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3 July, 2023

Monetary Authority of Singapore proposes new design framework for digital currencies

The latest report is part of the central bank’s broader study under the umbrella of Project Guardian, looking into the...

Singapore central bank issues Project Guardian report following experimentation with 3 use cases

Business

Wahid Pessarlay

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30 June, 2023

Singapore central bank issues Project Guardian report following experimentation with 3 use cases

The Monetary Authority of Singapore, along with notable financial firms and the BIS, conclude their exploration of blockchain interoperability in...

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