News with the tag "Bank of International Settlements"

All stablecoins issued on the permissionless blockchains such as Tether’s USDT and Circle’s USDC face the danger of major regulatory wrath ahead as the Bank of International Settlements (BIS) has issued new guidance tightening its criteria over permissionless stablecoins. BIS Targets Stablecoins lik...

As Project mBridge enters its MVP phase, BIS is inviting private sector firms to propose new solutions and use cases to further develop and showcase the platform's potential.

The Bank of International Settlements (BIS) has published the latest report highlighting its concerns over the current state of stablecoins in the market. BIS Raises Red Flags on Stablecoins Stability In their research report, BIS raised significant concerns over their stability and posed questions ...

The global central bank umbrella organization has successfully completed a cross-border trading experiment using central bank digital currencies (CBDCs) and decentralized finance (DeFi) technology. The Bank for International Settlements (BIS) worked with the central banks of France, Singapore and Sw...