BIS

Public blockchain ledgers ‘not fit for purpose,’ says JPMorgan

BIS, Ethereum, JPMorgan Chase, Onyx, Public Blockchains, tokenization /

Public blockchain ledgers ‘not fit for purpose,’ says JPMorgan 2024-05-08 at 18:01 By Cointelegraph by Zoltan Vardai Despite the criticism, TradFi institutions still prefer using public blockchains for real-world asset tokenization. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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BIS envisions global ‘Finternet’ running on unified ledger technology

BIS, Technology /

BIS envisions global ‘Finternet’ running on unified ledger technology 2024-04-16 at 00:02 By Cointelegraph by Derek Andersen The BIS introduced the unified ledger concept last year and has been singing its praises as a framework for better financial transactions. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Unharmonized regulation threatens stablecoin usability — BIS report

BIS, Stablecoin /

Unharmonized regulation threatens stablecoin usability — BIS report 2024-04-11 at 00:03 By Cointelegraph by Derek Andersen Uniform requirements are needed to integrate stablecoins into the international financial system. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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BIS and 7 central banks to explore asset tokenization through Project Agora

BIS, Cryptocurrencies /

BIS and 7 central banks to explore asset tokenization through Project Agora 2024-04-03 at 20:02 By Cointelegraph by Zhiyuan Sun The proof-of-concept projects seek to create a centralized platform for cross-border CBDC payments and tokenized money transfers. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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BIS advises central banks to plan in advance for CBDC security

BIS, CBDC, Central Bank, cybercrime, cybersecurity /

BIS advises central banks to plan in advance for CBDC security 29/11/2023 at 22:02 By Cointelegraph By Derek Andersen From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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South Korea to invite 100K citizens to test CBDC in 2024

BIS, CBDC, South Korea /

South Korea to invite 100K citizens to test CBDC in 2024 23/11/2023 at 13:02 By Cointelegraph By David Attlee Participants will be restricted to using the CBDC only for payment, without an option to store, exchange or send it to other users. This article is an excerpt from Cointelegraph.com News View Original Source React to

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‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS

BIS, Central Bank, Fiat Money, Stablecoin /

‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS 18/11/2023 at 02:01 By Cointelegraph By Derek Andersen The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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IMF head: CBDCs can replace cash, help financial inclusion

BIS, CBDC, IMF /

IMF head: CBDCs can replace cash, help financial inclusion 15/11/2023 at 13:03 By Cointelegraph By David Attlee International Monetary Fund managing director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Stablecoins ‘not a safe store of value’: BIS

BIS, Cryptocurrencies, stablecoins /

Stablecoins ‘not a safe store of value’: BIS 08/11/2023 at 22:02 By Cointelegraph By Zhiyuan Sun “Not one of the stablecoins assessed in this paper has been able to maintain their closing prices in parity with their peg,” wrote the Bank for International Settlements. This article is an excerpt from Cointelegraph.com News View Original Source

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BIS general manager urges central banks to “lead innovation” for CBDCs

BIS, CBDC, ECB /

BIS general manager urges central banks to “lead innovation” for CBDCs 08/11/2023 at 15:02 By Cointelegraph By David Attlee Agustín Carstens called CBDCs the “central element” of central bank leadership in innovation. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Project mBridge reveals details of its workings ahead of MVP, commercial debut

BIS, CBDC, China, ECB, Hong Kong, Peoples Bank of China, Thailand, UAE /

Project mBridge reveals details of its workings ahead of MVP, commercial debut 01/11/2023 at 00:02 By Cointelegraph By Derek Andersen Project mBridge has put together a slick publication with lots of new information to let the world know what the hottest project in CBDC is. This article is an excerpt from Cointelegraph.com News View Original

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US OCC to host discussion on tokenization of real-world assets

BIS, Tokenomics, Tokens /

US OCC to host discussion on tokenization of real-world assets 19/10/2023 at 13:02 By Cointelegraph By David Attlee The Office of the Comptroller of the Currency highlighted the “emerging divide” between crypto and tokenization and strongly criticized crypto for being “marked by rampant scams.“ This article is an excerpt from Cointelegraph.com News View Original Source

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Central banks want to look under crypto’s hood — Is this a positive sign?

BIS, Central Bank, Euro, Europe, European Union /

Central banks want to look under crypto’s hood — Is this a positive sign? 18/10/2023 at 17:02 By Cointelegraph By Andrew Singer The mere fact that the Deutsche Bundesbank, BIS and other financial incumbents want such information now suggests a tacit acceptance of crypto. This article is an excerpt from Cointelegraph.com News View Original Source

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IMF director urges ‘financial inclusion’ via digitalization

BIS, IMF /

IMF director urges ‘financial inclusion’ via digitalization 18/10/2023 at 13:06 By Cointelegraph By David Attlee IMF managing director Kristalina Georgieva says digitalization is “the most important way” to scale up financial inclusion. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Banks’ crypto exposure must be disclosed — BIS’ Basel Committee

Banking, Banks, BIS, Cryptocurrencies /

Banks’ crypto exposure must be disclosed — BIS’ Basel Committee 17/10/2023 at 17:02 By Cointelegraph By Prashant Jha The proposed regulations are currently open to the public for comments, and if approved, they will come into effect by Jan. 1, 2025. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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Basel Committee to consider disclosure requirements for banks’ crypto assets

Banking, Banks, Basel, BIS, Cryptocurrencies, Digital Asset /

Basel Committee to consider disclosure requirements for banks’ crypto assets 06/10/2023 at 18:03 By Cointelegraph By Derek Andersen The committee already imposes a limit on crypto holdings in bank reserves, but the concentration of crypto in a small number of banks contributed to the March crisis, it said. This article is an excerpt from Cointelegraph.com

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Bank of Korea to start CBDC infrastructure pilot

BIS, CBDC, France, South Korea /

Bank of Korea to start CBDC infrastructure pilot 04/10/2023 at 13:02 By Cointelegraph By David Attlee The pilot will include private banks and public institutions, while the Bank for International Settlements (BIS) will support it with technical expertise. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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CBDC frameworks must guard user privacy, monetary freedom of choice – BIS chief

BIS, CBDC, frameworks, legal, monetary freedom., Privacy, user /

CBDC frameworks must guard user privacy, monetary freedom of choice – BIS chief 27/09/2023 at 17:05 By Cointelegraph By Gareth Jenkinson BIS general manager Agustín Carstens stresses the importance of legal frameworks that protect CBDC user privacy and maintain monetary freedom of choice. This article is an excerpt from Cointelegraph.com News View Original Source React

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mBridge CBDC project preparing for new members, launch of minimum viable product

BIS, CBDC, China, Hong Kong, Peoples Bank of China, Thailand, UAE /

mBridge CBDC project preparing for new members, launch of minimum viable product 26/09/2023 at 00:02 By Cointelegraph By Derek Andersen The project now includes central and commercial banks from China, Hong Kong, Thailand and the UAE. Future new members were not identified. This article is an excerpt from Cointelegraph.com News View Original Source React to

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