BIS Wants ‘Level Playing Field’ for Banks Amid Threat from Facebook
The Bank for International Settlements has expressed concerns over the expected disruption as big tech firms like Facebook enter the financial space.
Stablecoins pose a money laundering and terrorist financing risk to the world, the FATF said Friday.
An economist at the Bank for International Settlements has come out in favor of building regulation into blockchain-based financial markets.
A fifth of the world's population may well have access to a central bank digital currency in as little as three years, according to a BIS survey.
The Libra Association is to be grilled by 26 central banks over the perceived risks to financial stability posed by the crypto project.
The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies.