Bank for International Settlements Archives

BIS: CBDCs could solve cross border friction, but interoperability still major challenge

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16 July, 2022

BIS: CBDCs could solve cross border friction, but interoperability still major challenge

BIS and IMF say that using CBDCs could solve many challenges with cross-border movement of funds, but question whether central...

BIS: Innovation Hub’s experiments show CBDCs are the future of cross-border payments

Business

Wahid Pessarlay

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27 June, 2022

BIS: Innovation Hub’s experiments show CBDCs are the future of cross-border payments

In a research report, the BISIH highlighted results achieved from four recent cross-border multiple CBDC platform pilot projects the BIS...

The CoinGeek Pulse Episode 92: Massive layoffs, Terraform Labs faces new lawsuit, Twetch sells out Cozy Hoodie

Business

Stephanie Tower

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24 June, 2022

The CoinGeek Pulse Episode 92: Massive layoffs, Terraform Labs faces new lawsuit, Twetch sells out Cozy Hoodie

Gone in 60 seconds! This is what happened when Bitcoin-powered Twetch dropped its latest NFT collection, "Cozy Hoodie," during its...

BIS to create a digital currency market intelligence platform in wake of market collapse

Business

Wahid Pessarlay

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23 June, 2022

BIS to create a digital currency market intelligence platform in wake of market collapse

According to the BIS, the need for the project is due to "the collapse of many stablecoins and decentralized finance...

Israel central bank teams up with Hong Kong to test retail digital currency

Business

Steve Kaaru

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21 June, 2022

Israel central bank teams up with Hong Kong to test retail digital currency

Bank of Israel partnered with the Hong Kong Monetary Authority and the Bank for International Settlements to test the feasibility...

Basel Committee to set new digital assets banking standards by end of 2022

Business

Wahid Pessarlay

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4 June, 2022

Basel Committee to set new digital assets banking standards by end of 2022

In a statement, the body said that it is currently working towards issuing its second consultation paper on the prudential...

BIS: Digital asset exchanges must be regulated as institutional adoption soars

Business

Steve Kaaru

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24 May, 2022

BIS: Digital asset exchanges must be regulated as institutional adoption soars

The watchdog believes that regulators must crack down on exchanges to protect the banking fraternity as more mainstream institutions jump...

BIS survey: 9 in every 10 central banks exploring CBDCs

Business

Wahid Pessarlay

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12 May, 2022

BIS survey: 9 in every 10 central banks exploring CBDCs

90% of 81 central banks are at various stages of development of a digital currency, according to a recently published...

CBDCs are new favorite assets for central banks, BIS report says

Business

Wahid Pessarlay

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21 April, 2022

CBDCs are new favorite assets for central banks, BIS report says

The 21-page report discussed the key areas for central bank digital currencies, such as the motivations for issuance and potential...

Central Bank of Kenya: State-backed digital currency won’t solve all financial challenges

Business

Steve Kaaru

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2 April, 2022

Central Bank of Kenya: State-backed digital currency won’t solve all financial challenges

The CBK governor believes that central banks must address their financial challenges directly before launching a digital currency as it...

BIS partners with Australia, Singapore on multi-CBDC platform pilot

Business

Steve Kaaru

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30 March, 2022

BIS partners with Australia, Singapore on multi-CBDC platform pilot

The Bank for International Settlements also partnered with South African and Malaysian central banks to develop the prototypes for an...

Swiss central bank completes pilot for CBDC settlement with commercial banks

Business

Steve Kaaru

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20 January, 2022

Swiss central bank completes pilot for CBDC settlement with commercial banks

The Swiss bank partnered with the BIS, SIX stock exchange and five commercial banks, including UBS, Citi, and Credit Suisse,...

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