As House Democrats grapple over the infrastructure bill, the Biden administration and Federal Reserve eye stablecoin regulation.
BIS News
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Cooperation between public and private sectors would be vital for a global CBDC system, says a new joint report.
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A BIS report based on a multi-CBDC pilot also showed significant improvements in international remittance speed.
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If the United States is still not ready for central bank digital currency, it will stay on the sidelines of tech and financial innovations.
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The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank digital currencies.
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Not all digital assets would be treated as sternly as cryptocurrencies and not all of them will become the future of money.
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A new report released by the triumvirate of global finance argues that central bank digital currencies will benefit worldwide development.
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Cryptocurrency owners are “generally more educated than the average,” according to a new study by the Bank for International Settlements.
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The central bank of central banks says CBDCs are necessary for maintaining the status quo of the legacy financial system.
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El Salvador’s move to make Bitcoin legal tender in the country continues to elicit reactions from legacy finance gatekeepers — this time, from the Bank for International Settlements.
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The Basel Committee on Banking Supervision proposed tough requirements for banks that want to hold cryptocurrencies such as Bitcoin.
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Agustín Carstens has called for cryptocurrencies to be subject to more regulations while arguing that virtual currencies have not made a significant dent in global finance.
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An exec at the Bank for International Settlements wants central banks to helm the evolution of digital money.
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Many nations are moving to advanced stages of CBDC engagement, according to the Bank for International Settlements.
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The Bank of International Settlements has outlined plans to embark on a variety of CBDC trials worldwide this year.
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