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Bismuth (BIS) News



BIS

BIS urges central banks to build 'bridges' between CBDC platforms

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The Bank for International Settlements (BIS) supports central banks' plans to create national digital currencies (CBDCs). Back in 2021, this financial institution published a report in which it predicted that the introduction of Central Bank tokens will lay the conditions for the modernization of...

BIS CBDCs

BIS Builds a Digital Assets Platform Prototype With Some CBs

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The Bank for International Settlements together with several central banks have built prototypes for bank-issued digital currencies platform. The network will serve for making transactions across borders, boosting their efficiency. BIS and financial authorities of Australia, Malaysia, Singapore,...

BIS

Stablecoins will create problems for the financial sector

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At the end of last week, the Bank for International Settlements (BIS) presented a report in which it analyzed the implications of integrating stablecoins and central bank tokens into the financial system. According to the organization, the new tools will not be able to solve the problems facing the...

BIS

BIS top manager believes that CBs need to quicken launch of CBDCs

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The Bank for International Settlements (BIS) management supports central banks' plans to create national digital currencies (CBDCs). Back in June, this financial institution published a report stating that the appearance of the token would accelerate the modernization of the entire payment...

coronavirus CBDC

COVID-19 will push national digital currencies' creation

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Researchers at the BIS are convinced that the coronavirus pandemic will accelerate the spread of online payments and update issues related to national digital currencies. A new BIS report states that COVID-19 is changing the general public's attitude toward cash, even though the prevailing opinion...