Bank for International Settlements


Policy

Central Banks of Israel, Norway and Sweden Team Up to Explore Retail CBDC

Results of the project, run by the Bank for International Settlements, are expected in the first quarter of 2023.

Central banks in Israel, Norway and Sweden are testing CBDCs for international retail payments. (Matthias Kulka/Getty Images)

Opinion

Banks Aren’t Going to 'HODL' Bitcoin

New proposals from the Bank for International Settlements are unlikely to lead banks to hold bitcoin. But they could open the door to CBDCs, says our columnist.

(Sirisvisual/Unsplash)

Policy

Banks’ Bitcoin Holdings Should Be Capped, Basel Committee Proposes

Holdings of unbacked crypto like bitcoin and algorithmic stablecoins would be limited to 1% of a lender’s capital under the standard setter's new plans put out for consultation Thursday.

Basilea, Suiza, sede del Banco de Pagos Internacionales (trabantos/Getty Images)

Videos

DeFi Ledgers Can Help Regulators Oversee Sector: BIS Official

A new Bank for International Settlements (BIS) working paper makes a case for “embedded supervision” that argues regulatory oversight can be built into seemingly untamable decentralized finance (DeFi) systems. “The Hash” team discusses the feasibility of such supervision and regulating open finance.

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Policy

Basel Committee to Review Proposed Capital Requirements for Banks With Crypto Assets

The banking regulator plans to issue a new consultative document in 2022.

Bank for International Settlements. Basel, Switzerland.

Markets

BIS and Hong Kong Monetary Authority to Experiment With Tokenized Green Bonds

The tokenized green bonds are the Bank for International Settlements Innovation Hub's first green finance project.

Hong Kong's skyline.

Markets

BIS Survey Finds Central Banks Keen on Tourists, Non-Residents Using Upcoming CBDCs

“Central banks are considering a variety of [multi-CBDC] arrangements,” BIS researchers wrote.

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Markets

Making Bitcoin Legal Tender in El Salvador an 'Interesting Experiment,' Central Banking Official Says

At the same time, the BIS executive cast doubts on the cryptocurrency as a "means of payment."

BIS headquarters in Basil, Switzerland.

Videos

Bank of International Settlements Says China's Digital Yuan Will Not Have 'First Mover Advantage'

Bank of International Settlements General Manager Agustin Carstens pushed back against claims that China's digital yuan would give the country a "first mover advantage" in the world of CBDCs. Though Carstens didn't directly name China, his speech challenged "overblown" rhetoric that any one CBDC would become the world's reserve currency based on "digital nature alone." Nik De breaks it down.

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Markets

From PayPal to Libra: Big Tech Has Forced Central Banks to Wake Up to CBDCs, Says Benoit Coeure

Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to the head of the BIS Innovation Hub.

Benoit Coeure, head of the BIS Innovation Hub

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