News with the tag "Bank for International Settlements"

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

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

Banks that transact on permissionless blockchains face multiple risks, including money laundering and terrorism financing, the Basel Committee on Banking Supervision said.

The Basel Committee, responsible for setting standards for bank regulation, has revised its crypto asset standard, introducing new considerations that impact stablecoins. The updated standard favors permissioned stablecoins, such as JPM Coin, over those issued on public chains. This has elicited cri...

The Bank for International Settlements (BIS) has released new requirements for banks looking to hold XRP and other Group 2… The post BIS Releases New Requirements for Banks Looking to Hold XRP, Other Group 2 Assets first appeared on The Crypto Basic .

According to the results of the 2023 BIS survey on central bank digital currencies and crypto, only 12% of central banks are planning to issue retail CBDCs in the mid-term. A recent survey by the Bank for International Settlements (BIS)…

In a move to improve traditional cross-border payments, the Bank for International Settlements (BIS) has announced the launch of Project Rialto. This project aims to enhance instant cross-border payments by integrating a modular foreign exchange (FX) component with settlement in wholesale central ba...

Israel's central bank is launching a challenge on the use of a central bank digital currency in payments as part of an "action plan for a possible issuance of the digital shekel."

The study was designed to look at the largely unexplored "intricacies" of user behavior and dynamics of decentralized finance lending, the authors said.

The Bank of International Settlements (BIS) has released its recommendations for the regulation, supervision, and oversight of global stablecoin arrangements, according to an executive summary published on February 29. The post Bank for International Settlements Releases Executive Summary of Global ...