Bank for International Settlements Archives

BIS explores blockchain to improve funding for MSMEs using digital trade tokens

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16 June, 2023

BIS explores blockchain to improve funding for MSMEs using digital trade tokens

Dubbed Project Dynamo, Bank for International Settlements sought to use digital trade tokens minted on public blockchains to broaden access...

7 central banks team up with BIS to examine policy issues for CBDC launch

Business

Wahid Pessarlay

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1 June, 2023

7 central banks team up with BIS to examine policy issues for CBDC launch

The research paper focused solely on retail central bank digital currencies, which explored potential legal issues and the need to...

BIS shines light on offline CBDC payments in new handbook

Business

Wahid Pessarlay

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18 May, 2023

BIS shines light on offline CBDC payments in new handbook

The Bank for International Settlements "Project Polaris" outlined the benefits of offline CBDCs for countries gearing to launch digital iterations...

Bank of England and BIS wrap up DLT-based settlements pilot with stellar results

Business

Wahid Pessarlay

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23 April, 2023

Bank of England and BIS wrap up DLT-based settlements pilot with stellar results

Both the BIS and BoE have been exploring an innovative real-time gross settlement system using DLT to power the synchronization...

Business

Wahid Pessarlay

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7 April, 2023

BIS backs central bankers on tracking digital currency data under new project

Building on Project Icebreaker, the BIS introduced a new scheme that would partner with top banks to help support the...

BIS: Adoption of new PvP options offers myriad benefits for forex markets

Business

Wahid Pessarlay

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31 March, 2023

BIS: Adoption of new PvP options offers myriad benefits for forex markets

While PvP adoption offers several benefits, including reducing settlement risks on foreign exchange transactions, there are several challenges militating against...

BIS wraps up cross-border retail CBDC ‘Project Icebreaker’

Business

Wahid Pessarlay

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9 March, 2023

BIS wraps up cross-border retail CBDC ‘Project Icebreaker’

The Bank for International Settlements’ "Project Icebreaker" project delved into the benefits and risks of launching retail central bank digital...

G20 financial regulators set to release global digital currency financial framework

Business

Wahid Pessarlay

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1 March, 2023

G20 financial regulators set to release global digital currency financial framework

In line with India's pledge to develop a framework to regulate the digital asset industry, the FSB, IMF, and BIS...

How many digital currency investors lost their money?

Business

Patrick Thompson

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24 February, 2023

How many digital currency investors lost their money?

A report from the BIS explored why digital currency users participate in the industry, patterns in their market behavior, and...

BIS developing new tool to monitor stablecoin balance sheets

Business

Steve Kaaru

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12 February, 2023

BIS developing new tool to monitor stablecoin balance sheets

Under Project Pyxtrial, the Bank for International Settlements is developing a tool for central banks to monitor stablecoins in a...

Digital assets and DLT have utility, but they must be strictly regulated: Italian central bank

Business

Steve Kaaru

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9 February, 2023

Digital assets and DLT have utility, but they must be strictly regulated: Italian central bank

“Crypto-assets with no intrinsic value” must be curtailed while also noting that digital assets can reduce cross-border costs, according to...

BIS invites applications for next phase of UK CBDC API project

Business

Steve Kaaru

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3 February, 2023

BIS invites applications for next phase of UK CBDC API project

The Bank for International Settlements has been working with the Bank of England on Project Rosalind and wants payment providers...

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