Bank of International Settlements

Bank of Korea to Launch Retail CBDC Pilot Program
Bank of Korea to Launch Retail CBDC Pilot Program
November 30, 2023  |  Cryptocurrency

The Bank of Korea plans to launch a pilot program for its retail central bank digital currency (CBDC) in the fourth quarter of 2024. The program will...

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Unable to Hold Their Pegs, Stablecoins Prove Anything but Stable
Unable to Hold Their Pegs, Stablecoins Prove Anything but Stable
November 09, 2023  |  Cryptocurrency

The hallmark of stablecoins has been instability. In a paper published this week by the Bank of International Settlements (BIS), the analysis shows that with a...

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BritCoin Insider Says Innovations Built on CBDCs Will Change Nature of Finance 
BritCoin Insider Says Innovations Built on CBDCs Will Change Nature of Finance 
July 18, 2023  |  CBDC

As you read this, the very nature of money is being interrogated and experimentally reshaped. “There’s a huge global trend going on right now into...

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BIS: Crypto’s ‘Inherent’ Flaws a Threat to Monetary System 
BIS: Crypto’s ‘Inherent’ Flaws a Threat to Monetary System 
July 11, 2023  |  Cryptocurrency

There may be no room for crypto within banking or traditional financial services at all. And in fact, the Bank of International Settlements said in...

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BIS: 93% of Central Banks Working on Digital Currencies
BIS: 93% of Central Banks Working on Digital Currencies
July 10, 2023  |  CBDC

A new Bank of International Settlements (BIS) survey shows the increasing popularity of central bank digital currencies. The survey, released Monday (July 10), found that the share of central...

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Interest Rate Hikes Threaten Higher Income Paycheck-to-Paycheck Consumers’ Card Spending
Interest Rate Hikes Threaten Higher Income Paycheck-to-Paycheck Consumers’ Card Spending
January 31, 2023  |  Credit Cards

So far into 2023, there’s been cautious optimism from payment networks on card spending. Earnings results from Mastercard, Visa, American Express and others show that...

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BIS Sets Limits on Bank Exposure to Crypto Markets
BIS Sets Limits on Bank Exposure to Crypto Markets
December 18, 2022  |  Cryptocurrency

The Bank of International Settlements has set limits on banks’ exposure to crypto markets. An official announcement from the BIS issued Friday (Dec. 16) establishes...

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BIS Sees Cross-Border CBDC Payments as Realistic and Achievable Goal 
BIS Sees Cross-Border CBDC Payments as Realistic and Achievable Goal 
October 31, 2022  |  CBDC

A four-country test of a cross-border payments system using central bank digital currencies was a success, the Bank for International Settlements (BIS) declared last week,...

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Four Countries Test Multi-CBDC Arrangement
Four Countries Test Multi-CBDC Arrangement
October 26, 2022  |  CBDC

The Bank for International Settlements (BIS) on Wednesday (Oct. 26) published a report on Project mBridge, a four-nation collaborative pilot for cross-border central bank digital...

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