Tagged: bank for international settlements

BIS, “Central Bank of Central Banks,” Exploring Interbank Digital Asset Settlement and Central Bank Digital Currency at Switzerland Innovation Hub

The Bank for International Settlements (BIS), popularly known as the “central bank of central banks,” will be engaging in two projects at the BIS’s newly-established Innovation Hub in Switzerland, one of which involves, “examin(ing) the integration of digital central bank money into a distributed ledger technology… Read More

CBDC: Bank for International Settlements and Swiss National Bank to Research DLT and Central Bank Digital Money

The Bank for International Settlements (BIS) has teamed up with the Swiss National Bank (SNB) in order to work on a Switzerland-based innovation hub that will initially conduct research into central bank digital currencies (CBDCs) and distributed ledger technology (DLT). Financial services provider SIX is… Read More

Bank for International Settlements Recommends Building Regulations into Blockchain-enabled Financial Markets

The Bank for International Settlements (BIS), a financial institution owned by central banks which “fosters international monetary and financial cooperation,” has published a research paper that recommends building regulatory processes into blockchain-enabled financial markets.  Authored by Raphael Auer, the principal economist for the monetary and… Read More

Bank for International Settlements Announces New Fintech Hub For Central Banks

Fintech

The Board of the Bank for International Settlements (BIS) announced on Sunday they have approved the establishment of a BIS Innovation Hub to foster international collaboration on fintech within the central banking community complementing the already well-established cooperation within the existing committees. The Board reported… Read More

Bank for International Settlements Says Cryptocurrencies “Within Reach of National Regulation”

Rhetoric regarding cryptocurrencies is somewhat more moderate in a recent report from the Bank for International Settlements (BIS), which finds that cryptocurrencies, in fact, “rely on regulated financial institutions to operate, bringing cryptocurrencies within reach of national regulation.” The BIS regulates and holds capital on behalf… Read More

Lauded Economist and Central Banker Agustín Carstens Urges Trade Cooperation, Calls Cryptos “Psuedocurrencies”

Money, “brings the best out of every individual..(and) makes the machinery work…” says famed Mexican economist and General Manager of the Bank for International Settlements (BIS), Agustín Carstens, but “the system is fragile” to interest rate and trade gyrations, and young people must stop printing from nothing in… Read More

Bank for International Settlements Calls Bitcoin Mining an “Environmental Disaster,” Hammers Crypto as Fragile & Lacking Trust

The Bank of International Settlements (BIS) is out with a report on cryptocurrencies that hammers the new technology. Created in 1930, a time of profound economic uncertainty, BIS serves central banks by promoting financial stability and cooperation. The BIS is actually owned by 60 central banks,… Read More

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