BIS News

The report awarded points to the fiat ecosystem for the safety and stability policy while highlighting that “Public oversight has helped achieve safe and robust payment systems.”

BIS’s cryptocurrency market intelligence platform will be launched under the Eurosystem Centre initiative to provide vetted data about crypto projects.

A fresh report from the Bank for International Settlements comes to a radical conclusion, claiming that the public identities of intermediaries are necessary to fight “miner extractable value.”

“Globally, more than two-thirds of central banks consider that they are likely to or might possibly issue a retail CBDC in either the short- or medium-term,” said the BIS.

The researchers from BIS and the World Bank identify common factors across nine central banks that face a variety of different challenges.

The experimental CBDC platform proved that the design approaches used to address three major issues of access, jurisdictional boundaries and governance were effective.

Some regulators were recently concerned about the alleged lack of consistent and transparent data on crypto markets.

According to the boss of the international institution owned by central banks, it is central banks that are best positioned to shape the future of money.

The Swiss National Bank integrated a wholesale CBDC into the banking systems of five commercial banks as part of the second phase of Project Helvetia.

Direct exchanges between U.S. lawmakers and the crypto industry could be finally taking a constructive turn.

Jerome Powell cited CBDCs and digital assets in his speech to open the New York Innovation Center at the Federal Reserve’s local offices.

Universal interoperability is the missing piece that can unlock stablecoins’ and CBDCs’ potential for the global digital economy.

As House Democrats grapple over the infrastructure bill, the Biden administration and Federal Reserve eye stablecoin regulation.

Cooperation between public and private sectors would be vital for a global CBDC system, says a new joint report.

A BIS report based on a multi-CBDC pilot also showed significant improvements in international remittance speed.