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90% of surveyed central banks are exploring CBDCs — BIS

May 6, 2022

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“Globally, more than two-thirds of central banks consider that they are likely to or might possibly issue a retail CBDC in either the short- or medium-term,” said the BIS. 1206 Total views 80 Total shares A survey conducted by the Bank for International Settlements, or BIS, suggested that many central banks around the world are […]

BIS releases study of CBDCs and their role in financial inclusion of the unbanked

April 12, 2022

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The researchers from BIS and the World Bank identify common factors across nine central banks that face a variety of different challenges. 911 Total views 44 Total shares The Bank for International Settlements, or BIS, released a paper Tuesday on central bank digital currencies, or CBDCs, and how they can be used to meet policy […]

BIS general manager: Central banks generate trust, not big techs or “anonymous ledgers”

January 19, 2022

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According to the boss of the international institution owned by central banks, it is central banks that are best positioned to shape the future of money. 147 Total views 1 Total shares

Swiss central bank tests wholesale CBDC with commercial partners

January 13, 2022

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The Swiss National Bank integrated a wholesale CBDC into the banking systems of five commercial banks as part of the second phase of Project Helvetia. 1017 Total views 33 Total shares Switzerland took another step to clarify its roadmap for integrating central bank digital currencies, or CBDCs, into the current financial system. The Swiss National […]

It’s now or never — The US has to prepare itself for digital currency

September 25, 2021

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Welcome to the world of central bank digital currency, or CBDC, where big countries like China and small countries like the Bahamas are trying to mark their presence. It’s a world where 86% of the world’s central banks are trying to create digital currencies. Almost 60% of them are working on the concept and 14% […]

Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot

September 2, 2021

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The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank-issued digital currencies. 2901 Total views 36 Total shares The central banks of Australia, Singapore, Malaysia and South Africa have announced a joint initiative to trial international settlements using central bank digital currencies (CBDCs). The initiative, dubbed Project Dunbar, […]

Bank of International Settlements head says cryptos require more regulation

March 24, 2021

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Agustín Carstens has called for cryptocurrencies to be subject to more regulations while arguing that virtual currencies have not made a significant dent in global finance. 3509 Total views 19 Total shares Agustín Carstens, general manager of the Bank for International Settlements, has called for even more crypto regulations stating that virtual currencies are a […]

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

January 28, 2021

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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 […]

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

January 22, 2021

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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 […]

CBDCs: An Idea Whose Time Has Come?

December 30, 2020

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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 […]

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Category: BIS