Banks’ crypto exposure must be disclosed: BIS’ Basel Committee
The proposed regulations are currently open to the public for comments and if approved they will come into effect by Jan. 1, 2025. Go to Source
BIS
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Basel Committee to consider disclosure requirements for banks’ crypto assets
The committee already imposes a limit on crypto holdings in bank reserves, but the concentration of crypto in a small number of banks contributed to the March crisis, it said. Go to Source
Bank of Korea to start CBDC infrastructure pilot
The pilot will include private banks and public institutions, while the Bank for International Settlements (BIS) will support it with technical expertise. Go to Source
CBDC lays foundation for new global monetary system: French Central Bank
First Deputy Governor at Banque de France calls the central bank digital currency “the catalyst for improving cross-border payments.” Go to Source
France, Singapore and Switzerland test cross-border CBDCs
Project Mariana was developed under the aegis of the Bank for International Settlements. Go to Source
CBDC frameworks must guard user privacy, monetary freedom — BIS chief
BIS general manager Agustín Carstens stresses the importance of legal frameworks that protect CBDC users’ privacy and maintain monetary freedom. Go to Source
mBridge CBDC project preparing for new members, launch of minimum viable product
The project now includes central and commercial banks of China, Hong Kong, Thailand and the UAE. Future new members were not identified. Go to Source
German crypto regulator calls for global rules to also govern niche finance centers
BaFin’s top executive stresses the risks of crypto and calls for global regulation to apply to all financial centers, without exceptions. Go to Source
Israel, Hong Kong complete retail CBDC test emphasizing privacy, inclusivity
The Hong Kong Monetary Authority, Bank of Israel and Bank for International Settlements teamed up to address the complex issues of rCBDCs. Go to Source
BIS thinks DeFi has no use cases, but CZ is bullish: Finance Redefined
Binance CEO Changpeng Zhao says DeFi will outpace CeFi in the next bull run, but the Bank for International Settlements is skeptical. Go to Source
