Bank for International Settlements
BIS: DeFi could shape the future of finance, but it’s too complex
In a new working paper, the Bank for International Settlements took a deep dive into the technical side of DeFi,...
Israel, Sweden, Norway collaborate on retail CBDCs to offer instant cross-border transactions
Retail CBDCs could solve cross-border friction, but Yaron admitted that several challenges remain, including enforcing AML rules and possibly pushing...
BIS recommends ban, contain or regulate approach to digital assets
In light of the FTX fallout, the Bank for International Settlements published a report on January 12 addressing the risks...
BIS wants banks digital asset exposure limited to 2% by 2025
The BIS wants central banks to set the standard for commercial banks’ involvement with stablecoins, tokenized assets, and “unbacked digital...
Bank of England invites applications for CBDC wallet proof of concept
The Bank of England has previously revealed that it would outsource the CBDC wallet to a private company and it’s...
Hong Kong central bank governor optimistic on virtual currency; South Korean counterpart fazed by FTX implosion
Eddie Yue of the HKMA says reducing risks associated with digital assets can be achieved by regulating off-chain activities, while...
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