Basel Committee on Banking Supervision makes minor update to digital asset rules
The final disclosure framework for banks' digital asset exposures and the updated digital asset standard for banks will come into force on January 1, 2026.
Latest Bank for International Settlements News
BIS: Central banks must raise their game to keep pace with AI
The Bank for International Settlements is urging central banks to keep up with rapid developments in artificial intelligence, which it says will have a “profound impact on the economy and financial system.”
BIS: 9 new wholesale CBDCs to be launched by 2029 as retail CBDC interest wanes
The Bank for International Settlements has slashed its expectation of retail CBDC launches by 2029 to 6 from 11, but it noted that wholesale CBDC pilots have spiked in the past two years.
BIS newly-opened Toronto Innovation Hub focuses on open finance
Miguel Diaz, who previously led payment systems at the Bank of Mexico, will head the new hub, which will serve North America, the Caribbean, and Latin America.
More central banks exploring CBDCs as number of pilots increases
CBDCs offer various benefits for global economies, according to a BIS report, leading banks to explore use cases tied to these tokenized assets; however, their cons often overshadow their potential.
Big Chinese banks announce involvement in mBridge CBDC project
The BIS announced that its mBrdige had entered the Minimum Viable Product stage and revealed that Saudi Arabia's central bank had joined those of China, Hong Kong, the UAE and Thailand.
Is the BTC bull run over?
In this piece, Gavin Lucas outlines the potential catalysts for a new digital currency bull market might be and why a much larger, more mature blockchain bull market will last for decades.
BIS mBridge CBDC project enters MVP stage
A seamless cross-border atomic settlement is within arms' reach as Project mBridge enters the MVP stage, showcasing the possibilities of CBDCs and tokenization in creating real-world use cases.
BIS ‘Project Rialto’ aims to make FX settlement more efficient
The BIS has now announced Project Rialto, an FX module to streamline settlement for instant cross-border payments. It will use wholesale central bank digital currencies (CBDCs) as the settlement asset.
More details on Project Agorá—the plan to tokenize correspondent banking
The Bank for International Settlements is banking on its Project Agorá to address the declining number of correspondent banks worldwide and leverage the initiative to merge communications and payments via tokenization.
BIS payments committee to focus on tokenization, CBDCs in 2025 work program
The committee will also delve into central bank collaboration on CBDCs and asset-linked stablecoin arrangements to promote payments market efficiency.
CBDC eliminates barriers of the siloed financial system: Swiss National Bank
At a recent BIS event in Basel, Chairman Thomas Jordan discussed Project Helvetia III, including its benefits and some alternative approaches SNB considered.