Tagged: bis

BIS Innovation Hub Set to Expand With New Locations in Europe & North America

The Board of the Bank for International Settlements (BIS) announced on Tuesday plans to expand the BIS Innovation Hub with the establishment of new Hub centers across Europe and in North America in cooperation with member central banks. BIS revealed that within the next two… Read More

Central Bank Digital Currencies Increasingly Being Considered by Governments, as AML/CFT Regulations Tighten: Report

New York-based BitOoda, a digital asset and Fintech firm, recently published its cryptocurrency market regulatory analysis report. Governments throughout the world are struggling to deal with the devastating economic consequences of the deadly Coronavirus (COVID-19) pandemic. The BitOoda team reveals: “We’ve noted an uptick in… Read More

COVID-19 Prevention: Scientific Evidence Suggests Risk of Coronavirus Transmission from Physical Bank Notes is Relatively Low

Although the public seems concerned that the Coronavirus (COVID-19) may be transmitted by handling physical cash, scientific evidence indicates that the risk is relatively low when compared with various other frequently touched objects, such as PIN pads. A paper recently published by the Bank for… Read More

CBDCs: Central Bank Digital Currencies Could Offer Several Opportunities, Says Bank of England

The Bank of England (BoE), the UK’s reserve bank, has released a discussion paper on virtual currencies. The BoE’s 57-page research document includes an illustrative model of central bank digital currencies, or CBDCs, which could be developed to store monetary value and settle payments by… Read More

Bank for International Settlements Releases Report on Fintech, Tokenized Securities, CBDCs, Cross-Border Payments & P2P Platforms

The Bank for International Settlements (BIS) has released a 138-page report which examines the latest trends in payments and Fintech, including tokenized or digital securities, central bank digital currencies (CBDCs), international transactions, and peer-to-peer (P2P) platforms.   Hyun Song Shin, head of research at BIS noted… Read More

The Bank of Canada, Bank of England, Bank of Japan, ECB, Sveriges Riksbank, Swiss National Bank, and BIS Partner on Review of Central Bank Digital Currencies

A grouping of prominent central banks along with the Bank for International Settlements, have joined together to review the potential for Central Bank Digital Currencies (CBDCs). The banks and organizations include: the Bank of England, Bank of Canada, Bank of Japan, European Central Bank (ECB), … Read More

Bank for International Settlements: Distributed Ledger Technology Could Improve Wholesale Settlements with Digital Tokens

The Bank for International Settlements (BIS) recently published a paper on blockchain or “distributed ledger technology” (DLT) claiming that the technology could be used to create “digital tokens” to effect settlements in wholesale transactions. Produced by the BIS Committee on Payments and Market Infrastructures, the… Read More

Bank for International Settlement Opens Innovation Hub and Selects Benoît Cœuré to Lead the Charge, Expect a Deep Probe into Digital Currencies

Benoît Cœuré, the outgoing European Central Bank Executive Board Member and an individual some thought best equipped to become the President of the ECB, has been appointed to lead the newly created Bank for International Settlements (BIS) Innovation Hub. According to BIS, Cœuré will commence… Read More

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

Hong Kong Monetary Authority Comments on BIS Innovation Hub Launch

The Hong Kong Monetary Authority (HKMA) has issued a statement on the launch off the Bank for International Settlements (BIS) Innovation Hub opening in Hong Kong. BIS announced on June 30th its intent to open several Fintech focused hubs with Hong Kong becoming the first…. 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

Carstens: Central Banks Should Not Issue Digital Currencies

The General Manager for the Bank for International Settlements (BIS), Augustin Carstens, told an audience in Dublin last Friday that central banks should not get into the business of issuing a central bank digital currencies or “CBDCs” to the public, mainly because tokens/”blockchains” do not… Read More

Bank of England FMI Annual Report: The Growth of Fintech Continues to Have an Impact

The Bank of England (BoE) has published its Supervision of Financial Market Infrastructures (FMIs) – Annual Report. And inevitably buried within there are some interesting comments when it comes to innovations in finance. The Bank regulates FMIs in three broad categories: payment systems, central securities depositories… 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

Business as Usual: Bank for International Settlements Doubts Cryptocurrencies Pose Threat to Banking

The head of research at the bank coordinating the world’s top 60 central banks, the Bank for International Settlements (BIS), told delegates at its Annual General Meeting Sunday that he does not believe cryptocurrency blockchains in general can scale and transact enough to threaten the… 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

UK Government Report Says SMEs Continue to Hire (Document)

The UK Government has published a report on small business activity. Produced by the Department for Business, Innovation & Skill (BIS), the Small Business Survey is based on feedback from over 15,000 UK SMEs.  The correlated data was published in two separate reports.   Small… Read More

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