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Former BIS general manager Agustín Carstens said stablecoins can enhance financial inclusion and innovation but stressed the need for global regulatory frameworks to enable coexistence with fiat money.
Leading central banks, financial institutions, and blockchain firms contributed to the Global Layer One (GL1) white paper on programmable compliance, which outlines a compliance architecture for tokenized financial assets and…
The Bank for International Settlements and its partners are moving Project Agorá into real-value testing. The initiative aims to make cross-border bank payments faster and cheaper while keeping compliance checks…
The Bank for International Settlements (BIS) published a Financial Stability Institute report in April 2026, warning that the largest crypto platforms now operate as financial intermediaries without the capital buffers,…
BIS General Manager Pablo Hernández de Cos called global coordination on stablecoin regulation a matter of “critical importance,” warning that fragmented national frameworks risk enabling regulatory arbitrage and financial instability.…
The BIS announced it was abandoning Mbridge, a project aimed at using CBDCs to interconnect the financial systems of several countries, due to its potential to help BRICS nations sidestep…
While conversations about ending the CBDC-enabled international settlements project have focused on its links to BRICS, Mbridge has already reached the MVP stage, and members could choose to continue it…
The Bank for International Settlements (BIS) Annual Economic Report 2024, published on June 30, highlights the significant risks posed by rising public debt levels across both advanced and emerging market…
The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC…
Project Mbridge, the cross-border central bank digital currency (CBDC) project that seeks to integrate several currencies into a global network, has reached its minimum viable product stage. This means that…