Bank for International Settlements

China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals

China’s digital yuan initiative has advanced considerably,… More…

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Banks Using Permissionless Blockchains for Transactions Face Multiple Risks: BIS

Banks that transact on permissionless blockchains face multiple… More…

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Basel Committee Gives Permissioned Stablecoins ‘Preferential Treatment’ in Amended Crypto Asset Standard Amidst Heavy Criticism

The Basel Committee, responsible for setting standards for bank… More…

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Central banks less likely to issue retail CBDCs in mid-term, BIS says

According to the results of the 2023 BIS survey on central bank digital… More…

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ECB’s Joachim Nagel Urges Central Banks to Evolve: ‘We Need to Work on Our Business Model’

Joachim Nagel, President of the Deutsche Bundesbank and Member of… More…

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Philosopher Yuval Noah Harari warns of AI’s risks in finance

The bestselling author, philosopher and historian sees grim potential… More…

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BIS Chief Touts Benefits of CBDCs, Says Crypto Reveals ‘Poorly Designed and Poorly Supervised Financial Systems’ 

In a Wednesday speech in Basel, Switzerland, Bank for International… More…

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BIS to oblige banks to disclose crypto exposure starting 2025

In a consultative document, the Basel Committee said the measures… More…

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Banks Must Disclose Crypto Exposures, Global Regulator Says

The guidance will ensure transparency and market discipline, the… More…

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Banks Would Have to Disclose Crypto Holdings Under New BIS Plan

The Basel Committee on Banking Supervision previously recommended… More…

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