News with the tag "Agustin Carstens"

The Bank for International Settlements, the central banks’ bank, announced the launch of Project Agorá, a joint private-public initiative seeking to examine the potential benefits of tokenization for improving cross-border settlements. Agorá includes the participation of seven central banks and priv...

Agustin Carstens, general manager of the Bank for International Settlements (BIS), has discussed tokenization’s significance in modernizing the current siloed financial system. Carstens stated that only through tokenization can the world move to a more interconnected and programmable financial syste...

In a Wednesday speech in Basel, Switzerland, Bank for International Settlements (BIS) chief Agustín Carstens argued that central bank digital currencies (CBDCs) will “sit at the core of the future financial system,” bringing innovation and meeting public expectations. While Challenges Remain, BIS Bo...

Agustín Carstens argued that cryptocurrencies do not meet the standards expected of money.

Agustin Carstens, the general manager of the Bank for International Settlements, a global bank, said on Wednesday that nations should establish legal frameworks that support the deployment of central bank digital currencies (CBDC). In a speech delivered on September 27 at the BISIH-FSI conference in...