Banks Aren’t Going to 'HODL' Bitcoin
New proposals from the Bank of International Settlements are unlikely to lead banks to hold bitcoin. But they could open the door to CBDCs, says our columnist.
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Aug 3, 2022 at 6:08 p.m. UTC
Aug 3, 2022
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Banks’ Bitcoin Holdings Should Be Capped, Basel Committee Proposes
Holdings of unbacked crypto like bitcoin and algorithmic stablecoins would be limited to 1% of a lender’s capital under the standard setter's new plans put out for consultation Thursday.
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Jun 30, 2022 at 10:56 a.m. UTC
Jun 30, 2022
Basel Committee to Review Proposed Capital Requirements for Banks With Crypto Assets
The banking regulator plans to issue a new consultative document in 2022.
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Nov 9, 2021 at 12:49 p.m. UTC
Nov 9, 2021
BIS and Hong Kong Monetary Authority to Experiment With Tokenized Green Bonds
The tokenized green bonds are the Bank of International Settlements Innovation Hub's first green finance project.
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Aug 25, 2021 at 4:51 a.m. UTC
Aug 25, 2021
BIS Survey Finds Central Banks Keen on Tourists, Non-Residents Using Upcoming CBDCs
“Central banks are considering a variety of [multi-CBDC] arrangements,” BIS researchers wrote.
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Jun 14, 2021 at 9:55 p.m. UTC
Jun 14, 2021
Making Bitcoin Legal Tender in El Salvador an 'Interesting Experiment,' Central Banking Official Says
At the same time, the BIS executive cast doubts on the cryptocurrency as a "means of payment."
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Jun 11, 2021 at 12:40 p.m. UTC
Jun 11, 2021
From PayPal to Libra: Big Tech Has Forced Central Banks to Wake Up to CBDCs, Says Benoit Coeure
Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to the head of the BIS Innovation Hub.
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Nov 13, 2020 at 2:34 p.m. UTC
Nov 13, 2020
China's DCEP Unlikely to Impact Crypto Markets in the Long Term, eToro Analyst Says
China is taking a great leap forward to develop a central bank digital currency, with more than 80 patents filed by the People’s Bank last week.
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Feb 17, 2020 at 5:15 p.m. UTC
Feb 17, 2020
6 Central Banks Form Digital Currency Use Case Working Group
The working group will pool research into CBDCs.
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Jan 21, 2020 at 5:00 p.m. UTC
Jan 21, 2020
Bitcoin's Proof-of-Work Algorithm Needs Replacing, Argues BIS Study
The proof-of-work algorithm used by bitcoin and some other cryptos is not viable in the long term, argues a Bank of International Settlements study.
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Jan 22, 2019 at 12:01 p.m. UTC
Jan 22, 2019