Category: BIS

Central banks must play ‘pivotal role’ in digital money, says BIS exec

January 28, 2021

Crypto Nanobot 0

An exec at the Bank for International Settlements wants central banks to helm the evolution of digital money. 2330 Total views 26 Total shares With central bank digital currencies — or CBDCs — on the agenda in many countries, the general manager of the Bank for International Settlements has weighed in on the role of […]

Continue Reading

BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments

January 22, 2021

Crypto Nanobot 0

The new platform was announced as part of the BIS Innovation Hub’s priorities and programs for 2021. Benoit Coeure, head of the BIS Innovation Hub(Andrej Klizan/Flickr) Jan 22, 2021 at 2:48 p.m. UTC BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments The Bank of International Settlements (BIS) Innovation Hub listed its […]

Continue Reading

CBDCs: An Idea Whose Time Has Come?

December 30, 2020

Crypto Nanobot 0

Dec 30, 2020 at 4:00 p.m. UTC CBDCs: An Idea Whose Time Has Come? In 1987, Nobel laureate James Tobin proposed the concept of a retail central bank digital currency. The idea was that central banks should create a public payments “medium with the convenience of deposits and the safety of currency.” It was a […]

Continue Reading

Did CBDCs affect the crypto space in 2020, and what’s next in 2021? Experts answer

December 27, 2020

Crypto Nanobot 0

It is hard to imagine that just two years ago, the general discourse around central bank digital currencies, or CBDCs, was mainly focused on the potential and possibility of issuing them. Even in 2019, the question was about whether we need state-owned cryptocurrencies, with only 70% of central banks worldwide studying the potential of issuing […]

Continue Reading

Will they or won’t they? Central banks eye each other’s digital currency moves

October 29, 2020

Crypto Nanobot 0

Canada doesn’t want any “surprises” regarding central bank digital currencies. In a recent interview with Reuters, Bank of Canada Governor Tiff Macklem doubled down on the country’s contingency-plan approach to CBDCs, stressing that he sees no urgent need to issue one right now.  For Macklem, inter-state competition and coordination remains the key question when it […]

Continue Reading

Benoit Coeure Reveals BIS Plan for CBDC Trial Starting in 2020

October 26, 2020

Crypto Nanobot 0

Oct 26, 2020 at 13:59 UTCUpdated Oct 26, 2020 at 14:13 UTC Benoît Cœuré, head of the BIS Innovation Hub. (Horacio Villalobos/Corbis/Getty Images) How things have changed since spring of 2019, when Agustin Carstens, general manager of the Bank for International Settlements (BIS), was issuing his latest warning over the need for caution when considering […]

Continue Reading