Browsing the "BIS" Tag

FATF Joins BIS in Calling Stablecoins ‘Global Risk,’ Citing Money Laundering Concerns

| Nikhilesh De

Stablecoins pose a money laundering and terrorist financing risk to the world, the FATF said Friday.

BIS Paper Makes Case for ‘Embedded’ Regulation in Blockchain Markets

| Daniel Palmer

An economist at the Bank for International Settlements has come out in favor of building regulation into blockchain-based financial markets.

Central Banks to Question Facebook-Led Libra Over Financial Risks

| Daniel Palmer

The Libra Association is to be grilled by 26 central banks over the perceived risks to financial stability posed by the crypto project.

BIS Chief: Central Banks May Issue Digital Currencies ‘Sooner Than We Think’

| Daniel Palmer

The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies.

BIS Wants ‘Level Playing Field’ for Banks Amid Threat from Facebook

| Daniel Palmer

The Bank for International Settlements has expressed concerns over the expected disruption as big tech firms like Facebook enter the financial space.

Central Banks See ‘No Value’ in Issuing Digital Currency: BIS Chief

| Yogita Khatri

BIS chief Agustin Carstens has said that central banks are wary about issuing digital currencies due to the "huge operational consequences."

Cryptocurrencies Pose Risks to Banks, Warns Basel Committee

| Yogita Khatri

The Basel Committee on Banking Supervision has warned that the growth of cryptocurrencies poses a number of risks to banks.

Bitcoin’s Proof-of-Work Algorithm Needs Replacing, Argues BIS Study

| Yogita Khatri

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.

Regulation News Still Moves Bitcoin Prices, BIS Report Says

| Stan Higgins

A new report from the Bank of International Settlements (BIS) contends that bitcoin markets are swayed by news events related to regulation.

Muh Monopoly! How a Banker’s Talk Sparked All Kinds of Crypto Mockery

| Anna Baydakova

The head of the Bank of International Settlements briefly became the butt of crypto Twitter trolling last week after issuing new comments on the tech.