The bank concluded that a “hub-and-spoke” model between CBDC domestic systems could “reduce settlement and counterparty risk” and complete cross-border transactions in seconds.
BIS News
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One bank accounts for almost 62% of all crypto-asset prudential exposure, and almost two-thirds of banks holding crypto are in the Americas.
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Speaking in Singapore, Agustín Carstens described a ledger that would accommodate a variety of public and private projects in discrete but connectable parts.
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BIS general manager Agustín Carstens reckons the war between fiat and crypto has been won by fiat. The community disagrees.
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The report suggests that whales with Binance, FTX and Coinbase “probably cashed out at the expense of smaller holders” by reducing their BTC stockpiles as retail investors bought.
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The BIS-affiliated advisory body will release its final recommendations on global crypto asset regulation and supervision in July.
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Despite providing many novel services, DeFi does not differ substantially from traditional finance in its functions, the Financial Stability Board stated.
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The bank for central banks is expanding its CBDC research while developing a platform to monitor stablecoin balance sheets.
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The latest Bank of International Settlements bulletin looks at ways to mitigate the risks of crypto assets and suggests traditional finance could get its house in better order too.
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The new standard limits crypto reserves among banks to 2% by 2025, and goes into effect on January 1, 2025.
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The Bank for International Settlements (BIS) studied the main motives behind Bitcoin adoption by retail investors.
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The centralized financial institution says the automated market making technology in DeFi can serve as a “basis for a new generation of financial infrastructure.”
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The Bank for International Settlements is on a roll with its third publication within days detailing how commercial banks in four jurisdictions transferred funds using CBDCs.
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Project Genesis 2.0 continued the joint effort of exploring blockchain opportunities for green investments.
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The International Organization of Securities Commissions proposed a set of new measures to address the increasing risks in digital marketing.
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