Search Results for: Bank for International Settlements

Intrasettle connects multiple CBDCs to provide next generation payment solution
-
29 November, 2022

Intrasettle connects multiple CBDCs to provide next generation payment solution

Intrasettle will be “a one-stop payment infrastructure that’s instant, highly secure, and cost-effective,” CEO Kumaraguru Ramanujamm says.
Hong Kong launches trials for more suitable use cases for e-HKD: report
-
5 October, 2022

Hong Kong launches trials for more suitable use cases for e-HKD: report

Eddie Yue, head of the HKMA, noted that the trials would involve commercial banks and are scheduled to begin sometime...
Russia eyes use of digital ruble in transacting with China
-
4 October, 2022

Russia eyes use of digital ruble in transacting with China

As the U.S. fortifies its grip on the global financial system, Russia targets to give sanctions-hit countries an opportunity to...
Fed chair says DeFi isn’t transparent enough
-
30 September, 2022

Fed chair says DeFi isn’t transparent enough

James Powell, backed by prominent financial regulators, highlights the need to enforce appropriate directives to deal with "issues" concerning DeFi...
Russia eyes digital assets for settling cross-border transactions as sanctions bite harder
-
16 September, 2022

Russia eyes digital assets for settling cross-border transactions as sanctions bite harder

Prime Minister Mikhail Mishustin focuses on digital assets as he asked regulators to explore their use for the "uninterrupted payment...
Russia’s Finance Ministry eyes collaboration with other countries on stablecoin settlement platform
-
12 September, 2022

Russia’s Finance Ministry eyes collaboration with other countries on stablecoin settlement platform

To counter sanctions, Russia is looking to set up a stablecoin platform with help from allies to settle cross-border payments,...