BIS

Agustin Carstens (Horacio Villalobos / Getty Images)

It is unacceptable that unclear or outdated legal frameworks could hinder their deployment, Agustin Carstens general manager of the Bank for International Settlements said.

By Camomile Shumba

Sep 27, 2023 at 9:10 a.m. UTC

Sep 27, 2023

RegulationsCryptoCBDCBIS

Central banks from Mexico and Colombia studied crypto's role in the developing world. (Flickr)

Policy

Regulations

Crypto’s ‘Illusory Appeal’ Should Be Met by Regulation, Not Bans, BIS Study Says

Bitcoin ETFs could boost adoption because digital assets offer an escape route for state-imposed capital controls, a grouping of central bankers from the Americas said.

By Jack Schickler

Aug 22, 2023 at 12:00 p.m. UTC

Aug 22, 2023

RegulationsBank for International SettlementsBISlatin americaMexicoColombiaDeveloping countries

Policy

Regulations

Crypto Can’t Be Used as Money Due to ‘Inherent Flaws,’ BIS Tells G20

Central bankers, wary of displacing their own fiat currencies, pointed to the past year's prominent hacks and collapses.

By Jack Schickler

Jul 11, 2023 at 9:00 a.m. UTC

Jul 11, 2023

RegulationsBISBank for International Settlementstop news

Consensus Magazine

Opinion

Step Aside ‘Blockchain Technology’, IMF and BIS Have a New Crypto Buzzword

Financial stewards including the International Monetary Fund and Bank for International Settlements say tokenization is the future. They’re wrong.

By George Kaloudis

Jun 26, 2023 at 5:19 p.m. UTC

Jun 26, 2023

OpinionThe NodeNewslettersBitcoinTokenizationIMFBIS

BIS Head of Research Hyun Song Shin (BIS)

Policy

Regulations

Unified Ledger for CBDCs, Tokenized Assets Could Enhance Global Financial System: BIS

“This would be a game-changer in how we think about money and how transactions take place,” said the central bank group’s Head of Research Hyun Song Shin.

By Camomile Shumba

Jun 20, 2023 at 11:00 a.m. UTC

Jun 20, 2023

RegulationsCryptoCBDCTokenizationBIS

Francesca Hopwood Road, head of the BIS Innovation Hub London Centre / BIS

Policy

Regulations

Central Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments

An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown.

By Camomile Shumba

Jun 16, 2023 at 9:00 a.m. UTC

Jun 16, 2023

RegulationsCryptoBISAPIBank of EnglandCBDC

Bank of England (Camomile Shumba/CoinDesk)

Policy

Regulations

Central Banks Successfully Test DLT in Linking Financial Settlement Systems

The experiment run by the Bank of England and the Bank for International Settlements shows it's possible to settle large synchronized transactions in central bank money, a rep...

By Sandali Handagama

Apr 19, 2023 at 7:30 a.m. UTC

Apr 19, 2023

RegulationsBISBOECBDCcentral banks

Policy

Regulations

BIS Says 'Hub-and-Spoke' Cross-Border Transfers Offer Benefits to Retail CBDC

The system is designed to offer users the best foreign-exchange rates and faster transactions while allowing central banks to keep almost total control of their currencies.

By Camomile Shumba

Mar 6, 2023 at 11:38 a.m. UTC

Mar 6, 2023

RegulationsCBDCBISSwedenNorwayIsrael

BIS head Agustin Carstens (Stephen Jaffe/IMF via Getty Images)

Policy

Regulations

Certain Banks' Crypto Exposure Dropped by 44% Globally in 2022 From Previous Year: BIS

The Basel Committee on Banking Supervision endorsed in December rules that a bank's exposure to certain cryptocurrencies must not exceed 2%.

By Camomile Shumba

Feb 28, 2023 at 4:38 p.m. UTC

Feb 28, 2023

RegulationsBISbanks

Agustin Carstens, general manager at the BIS. (Horacio Villalobos/Getty Images)

Policy

Regulations

2022 Events Cast 'Serious Doubts' on Stablecoins as Money: BIS Chief

Agustin Carstens, who has previously criticized stablecoins, said they do not benefit from the regulatory requirements and protections that apply to bank deposits.

By Sandali Handagama

Feb 22, 2023 at 7:35 a.m. UTC

Feb 22, 2023

RegulationsBISStablecoinsCBDCAgustín Carstens