BIS


Markets

Digital Yuan Won’t Give China ‘First-Mover Advantage’ With CBDCs, BIS Chief Says

"Digital nature alone" will not be enough to give any one CBDC an edge as an international reserve asset, the BIS general manager asserts.

Agustin Carstens

Markets

BIS Researchers Grapple With Implications of Interoperable CBDCs

Central bank digital currencies would largely benefit countries if they work together to eliminate traditional banking frictions, a research note said.

globeshadow

Markets

BIS Chief Blasts Bitcoin's Viability, Prompting Blowback From Advocates

Bitcoin maximalists cried foul at the central banker's prognostications.

BIS General Manager Agustin Carstens

Markets

BIS: CBDC Research Gaining Steam but Widespread Issuance Years Away

Central banks remained adamant private stablecoins do not factor into their CBDC calculus.

BIS headquarters in Basel

Policy

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

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

Policy

CBDCs: An Idea Whose Time Has Come?

Almost 50 monetary authorities and central banks are researching and developing wholesale or retail CBDCs. What does 2021 hold in store?

raphael-auer

Markets

Swiss Wholesale CBDC Trial Shows 'Feasibility' for Central Bank Money on Distributed Ledger, BIS Says

A Swiss experiment on how central bank money can be linked to markets built on distributed ledger technology (DLT) yielded positive results.

Swiss flag

Policy

BIS Paper Says There's Potential to Embed Regulation Into Stablecoin Systems

The need to regulate global stablecoins like libra doesn't mean authorities can't embrace innovation, according to according to a BIS working paper.

Bank for International Settlements. Basel, Switzerland.

Policy

Benoit Coeure Spells Out BIS Plan for CBDC Trial Starting in 2020

BIS is planning a proof-of-concept trial of a CBDC in collaboration with the Swiss central bank.

Benoît Cœuré, head of the BIS Innovation Hub.

Policy

Federal Reserve, 6 Other Central Banks Set Out Core Digital Currency Principles

The seven central banks, along with BIS, have released a report setting out agreed core objectives that must be met by national digital currencies.

Blueprints