Ninety percent of the central banks surveyed by the Bank for International Settlements are exploring the creation a central bank digital currency (CBDC). In addition,...
The Bank for International Settlements (BIS), the world’s main central bank umbrella group, published a report on Thursday (May 5) proposing new data governance frameworks...
With new technology, especially with new payment methodologies, there are two heavy lifts — the technical infrastructure that makes it all possible, and then the...
The Bank for International Settlements (BIS) and four central banks have completed trials of two blockchain-based platforms that a multinational central bank digital currency (CBDC)...
A new Bank for International Settlements paper says Asian regulators must protect consumer data as financial institutions dole out more virtual bank cards, noting the...
In today’s top Europe, Middle East and Africa (EMEA) news, European Union startups raise a record $121 billion; Microsoft’s $16 billion Nuance deal is under...
Decentralized finance’s decentralization is an “illusion” according to a new report from the Bank for International Settlements. The latest BIS quarterly review takes a skeptical...
Stricter rules and more oversight are needed to curb the risk of bond funds throwing market stability and the runaway growth of decentralized finance (DeFi),...
For central bank digital currencies to reach their full potential, banks must look beyond domestic use — and examine CBDCs’ risks and rewards for cross-border...