Bank for International Settlements News

Central banks in the Americas, under the guidance of BIS, have outlined key technical priorities for potential CBDC architecture.

In a consultative document, the Basel Committee said the measures would reduce information asymmetry among banks and market participants. Financial institutions might soon be required to disclose their exposure to cryptocurrencies. The Basel Committee on Banking Supervision, headquartered at the…

The Chair of the US Federal Reserve argues that while Bitcoin (BTC) is too volatile to be considered money and is “backed by nothing,” it could be a substitute for gold. He also recently made a statement on Bitcoin, which…

The Bank for International Settlements is the latest major financial organization looking to implement industry-standard regulations in the stablecoins arena. Meanwhile, several nations are also working towards creating their own central bank digital currencies (CBDCs) which are seen by some…

The Bank for International Settlements (BIS), has revealed that it’s collaborating with Switzerland’s central bank to carry out a proof of concept for its central bank digital currency (CBDC) and the project is scheduled to be completed by the end…

After the official announcement of Libra, Agustín Carstens, the general manager of the Bank for International Settlements (BIS), revealed that central banks may adopt digital currencies sooner than we expect. The fear is that big tech groups such as Facebook…

The Bank for International Settlements has suggested that the Bitcoin Network discontinue using Proof-of-Work (PoW) because it is expensive and once block rewards from mining bitcoin decrease, the network will slow down, this according to a BIS report published January…