Central Banks Worldwide Testing Their Own Digital Currencies
Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that...
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Facebook’s Foray Into Cryptocurrency Poses New Risks for Banks
The Bank of International Settlements (BIS) has warned that the financial services poised to be offered by big tech firms such as Facebook, Google and...
How 10 Countries Respond to Facebook’s Libra Cryptocurrency
A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the...
Bank for International Settlements builds innovation hubs – FinTech Futures
The Bank for International Settlements (BIS), an organisation owned by 60 central banks, seeks to foster international collaboration and fintech innovation through a new and...
‘Bank For Banks’ Back Digital Fiat
Money has been physical for millennia now. But, ever since digital assets, like Bitcoin, have proved their viability in finance and the legitimacy of their...
From ‘Ponzi’ To ‘We’re Working On It’
The head of the Bank of International Settlements (BIS) has appeared to U-turn on issuing digital currencies after a fresh interview with the Financial Times...
BIS Pushing for Bank-Backed Crypto, How Will Bitcoin React?
Central Bank-Backed Crypto? Bitcoin — and other early crypto assets by extension — were bred in the aftermath of the collapse of the U.S. economy...
Facebook’s Planned New Cryptocurrency Poses New and Unfamiliar Risks to Banks, Warns BIS
The Bank of International Settlements (BIS) provided some clarity to financial institutions about the dangers it thinks big tech companies’ entrance into the financial services...
Bank of Banks Head, Agustín Carstens’ Speech on Crypto is Changing
After Bitcoin celebrated its 10th birthday, its strong momentum has made some crypto critics to change their hard opinion on cryptocurrency. The leader of this...
GM of the Bank for International Settlements (BIS) Warns Against Central Bank Digital Currency
Agustin Carstens, the general manager of the Bank for International Settlements (BIS) has once again taken the time to warn against the dangers of issuing...
BIS Chief Doesn’t Want Central Banks To Issue Cryptocurrency
I’m afraid the BIS was not very receptive at the time: it saw any expansion as a slippery slope. Central Banks Can Design Their Own...
Bank for International Settlements Exec Advises Against Central Bank Digital Currencies
Bitcoin (BTC) critic and general manager at the Bank for International Settlements (BIS) Agustin Carstens advised against the issuance of central bank digital currencies (CBDCs)...