Bitcoin
$42,215.80+5.69%
Ethereum
$2,247.99+1.97%
Binance Coin
$228.03+2.24%
XRP
$0.62514661+0.12%
Solana
$61.70-2.51%
Cardano
$0.40490254+2.59%
Dogecoin
$0.08941757+4.50%
Tron
$0.10366743-4.34%
Chainlink
$15.75-1.76%
Avalanche
$21.93-0.13%
Polygon
$0.80418695-1.88%
Polkadot
$5.55+0.78%
PlayIconNav
Crypto Prices CoinDesk Market Index CoinDesk Market Index
Markets

BIS Launches Innovation Hub With Nordic Central Banks Focusing on CBDCs

The launch of the Nordic hub marks the fifth BIS Innovation Hub Centre to be opened in the past two years.

By Tanzeel Akhtar
AccessTimeIconJun 16, 2021 at 5:46 p.m. UTC
Updated Sep 14, 2021 at 1:12 p.m. UTC
BIS headquarters in Basil, Switzerland.

BIS headquarters in Basil, Switzerland.

10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The Bank for International Settlements (BIS) has launched a regional innovation hub in Scandinavia with four Nordic central banks focusing on central bank digital currencies, cybersecurity and "green" finance.

  • BIS said Wednesday it has partnered with Danmarks Nationalbank, Central Bank of Iceland, Norges Bank and Sveriges Riksbank to launch the hub which will aim to advance its work on priority themes.
  • The BIS has also launched hubs with the Bank of Canada in Toronto and the Bank of England in London as well as the European Central Bank in Frankfurt and Paris.
  • The launch of the Nordic hub marks the fifth BIS Innovation Hub Centre to be opened in the past two years.
  • The hubs focus on six areas including suptech and regtech, financial market infrastructures, CBDCs, open finance, cybersecurity, and green finance.
  • Recently the BIS published a survey examining the possible cross-border use of CBDCs based on 50 central banks. About two-thirds of them are already experimenting with CBDC and conducting pilots, the BIS said.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.