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
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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
Crypto amplified financial risks in emerging markets: BIS papers
Central banks of the United States, Canada, Mexico and Brazil have pointed out the risks of crypto, but warned against excessively prohibitive laws. Go to Source
BIS gives CBDCs a thumbs up, crypto the middle finger in reports to G20 ministers
G20 finance ministers and central bank governors are meeting this month, and the Bank for International Settlements has findings to present. Go to Source Powered by WPeMatico
Research: There could be 24 CBDCs live by 2030
93% of the central banks are already conducting research on central bank digital currencies, 68% are still not ready to launch their digital money. Go to Source Powered by WPeMatico
BIS develops framework against CBDC cyberattacks
The institution cited rising exploits against DeFi as a need for more secure CBDCs. Go to Source Powered by WPeMatico
BIS, 3 central banks look at DeFi technology for wCBDC FX in interim project report
Project Mariana uses an automated market maker to reduce settlement risk and to create a liquidity pool in place of order books. Go to Source Powered by WPeMatico