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Fed Chairman Jerome Powell Says Bitcoin Is a Substitute for Gold
22.3.2021
Federal Reserve Chairman Jerome Powell sees cryptocurrency as a substitute for gold, rather than the dollar. However, he cautioned that crypto assets, including bitcoin, are highly volatile and not useful as a store of value. Fed Chair Sees Bitcoin as a Gold Substitute During a webinar sponsored...
BIS and SWIFT Intensify Race With Crypto For Cross-Border Payments
24.2.2021
Major players of the traditional financial industry are looking for new ways how to keep their positions, threatened by the emerging cryptoasset and decentralized finance (DeFi) industries.
The Bank for International Settlements’ Innovation Hub (BISIH) and the Society for Worldwide Interbank...
BIS Chief Banker Criticizes Bitcoin as Inherently Risky, Says BTC Vulnerable to 51% Attack
29.1.2021
Bank for International Settlements (BIS) general manager Agustin Carstens has criticized bitcoin saying the asset was inherently risky and “increasingly vulnerable” to a 51% attack. A long time bitcoin (BTC) skeptic, Carstens stressed that only central banks should be issuing digital...
Central banks must play ‘pivotal role’ in digital money, says BIS exec
28.1.2021
An exec at the Bank for International Settlements wants central banks to helm the evolution of digital money
Crypto Fans 'LOL' At BIS GM Claims that Bitcoin 'May Break Down'
28.1.2021
The crypto community has reacted with incredulity after a senior Mexican economist and the boss of the Bank for International Settlements (BIS) appeared to dismiss the notion of decentralized digital currencies such as bitcoin (BTC).
In a recent speech, Agustín Carstens, the General Manager of...
BIS Chief Blasts Bitcoin’s Viability, Prompting Blowback From Advocates
27.1.2021
Bitcoin maximalists cried foul at the central banker's prognostications
BIS: CBDC Research Gaining Steam but Widespread Issuance Years Away
27.1.2021
Central banks remained adamant cryptocurrency does not factor into their CBDC calculus
86% Of Surveyed Central Banks Now Engage In CBDC Work - BIS
27.1.2021
As the world’s central banks are increasingly looking into central bank digital currency (CBDC) projects, their focus is shifting into more advanced stages of CBDC engagement, with more banks moving from conceptual work to experimentation, according to a new report by the Bank for International...
Central banks representing a fifth of world’s population likely to issue CBDC in 3 years: BIS
27.1.2021
Many nations are moving to advanced stages of CBDC engagement, according to the Bank for International Settlements
BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments
22.1.2021
The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021
Alongside CBDC Plans, BIS Reveals Tokenized Green Retail Bond Pilot
22.1.2021
The headquarters of the Bank for International Settlements in Basel, Switzerland. The Bank for International Settlements (BIS) has announced that it will begin work on a new blockchain-powered tokenization incentive, and will intensify its central bank digital currency (CBDC) operations...
The ‘central bank of central banks’ is building a CBDC settlement platform
22.1.2021
The Bank of International Settlements has outlined plans to embark on a variety of CBDC trials worldwide this year
CBDCs: An Idea Whose Time Has Come?
30.12.2020
Almost 50 monetary authorities and central banks are researching and developing wholesale or retail CBDCs. What does 2021 hold in store?
Did CBDCs affect the crypto space in 2020, and what’s next in 2021? Experts answer
27.12.2020
CBDCs are one of the major topics in crypto this year, and the experts that Cointelegraph spoke to have a lot to say about it
Swiss National Bank and BIS complete digital currency proofs-of-concept
4.12.2020
The Swiss National Bank and BIS don't want to miss out on possible blockchain-powered benefits for the financial system
Swiss Wholesale CBDC Trial Shows ‘Feasibility’ for Central Bank Money on Distributed Ledger, BIS Says
3.12.2020
A Swiss experiment on how central bank money can be linked to markets built on distributed ledger technology (DLT) yielded positive results
BIS Indicates CBDC Issuance May Hinge on Private Sector Collaboration
3.12.2020
The Bank for International Settlements (BIS) said that central bank digital currencies (CBDCs) issuance will only prove a success if the private and public sectors work together – as it pushes closer to real-world digital currency testing.
In a new report shared with Cryptonews.com, the...
BIS Paper Says There’s Potential to Embed Regulation Into Stablecoin Systems
25.11.2020
The need to regulate global stablecoins like Libra doesn't mean authorities can't embrace innovation, according to according to a BIS working paper
BIS report suggests ‘embedded‘ monitoring tool for stablecoins
24.11.2020
After proposing automated ways to monitor global stablecoins like Libra, a new report from BIS argues that a better solution may ultimately be central bank digital currencies
BIS head says physical cash still important, even if CBDCs take over
13.11.2020
BIS Innovation Hub head Benoît Cœuré stressed the importance of maintaining multiple payment options beyond just CBDCs