BIS News

According to a BIS report, Jamaica, Nigeria, China, Sweden, the Bahamas and Peru have CBDC programs in various stages of development.

The UK’s central bank wants to monitor the stability of crypto and set future policy; it has asked local firms to disclose their current and future crypto plans.

BIS researchers concluded that liquidity provision is not decentralized apart from its technical implementation. 

Economic sanctions have a profound effect on international financial architecture, it turns out.

Project Mandala uses zero-knowledge proofs to complete compliance checks across different jurisdictions. 

The Bank for International Settlements and the Financial Stability Board have similar views on tokenization — it could provide new benefits and familiar challenges.

The large private companies will work with seven central banks on improving structural inefficiencies in international transfers.

The proof-of-concept showed that real-time monitoring of stablecoin reserves could be achieved with cooperation among regulators, technologists and issuers.

The committee is unveiling the standards later in July, culminating a yearslong process.

Bank of Canada Governor Tiff Macklem said that as finance evolves, the industry must innovate and apply new skills, allowing Canadians to benefit from advancements.

Central banks are increasingly adopting generative AI for cybersecurity, with a BIS report indicating that 71% are already using it and more planning to follow.

Despite the criticism, TradFi institutions still prefer using public blockchains for real-world asset tokenization.

The BIS introduced the unified ledger concept last year and has been singing its praises as a framework for better financial transactions.

Uniform requirements are needed to integrate stablecoins into the international financial system.

The proof-of-concept projects seek to create a centralized platform for cross-border CBDC payments and tokenized money transfers.