Tag: BIS
Wholesale CBDCs: Major Central Banks Show Interest
The Bank for International Settlements (BIS) recently conducted a survey of central banks worldwide and found that a staggering 94% of them are actively exploring the development of central bank digital currencies (CBDCs). This...
BIS ends partnership with mBridge CBDC project due to lack of progress
The Bank for International Settlements (BIS) recently announced its decision to end its partnership with Project mBridge, a central bank digital currency (CBDC) initiative involving the People’s Bank of China, and the central banks...
Enhancing Cross-Border Compliance: BIS Collaborates with Central Banks for Project Mandala
The Bank for International Settlements (BIS) has teamed up with various central banks to address the issue of cross-border compliance with Project Mandala, as reported on Oct. 28. This collaboration involves the BIS Innovation...
Navigating the Risks of Asset Tokenization in Finance Industry
The finance industry is rapidly embracing asset tokenization, but the Bank for International Settlements (BIS) has issued a cautionary report emphasizing the importance of being cautious. While the benefits of tokenization are evident in...
Exploring CBDCs: BIS Survey Reveals Rising Interest
Central banks around the world are showing a growing interest in exploring the concept of a central bank digital currency (CBDC), according to a recent survey conducted by the Bank for International Settlements (BIS)....
