Mexican CBDC Unlikely to Be Ready by 2024
The Mexican central bank digital currency (CBDC), the digital peso, is unlikely to be ready by 2024, as was announced back in 2021 by the Mexican government. In a statement,…
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Central Banks to set standards on banks’ crypto exposure – BIS
The new standard limits crypto reserves among banks to 2% by 2025, and goes into effect on January 1, 2025.
Bitcoin buyers drawn by rising prices, not dislike for banks: BIS report
The Bank for International Settlements (BIS) studied the main motives behind Bitcoin adoption by retail investors.
Bank for International Settlements will test DeFi implementation in forex CBDC markets
The centralized financial institution says the automated market making technology in DeFi can serve as a “basis for a new generation of financial infrastructure.”
BIS releases full report on mBridge wholesale CBDC platform after successful pilot
The Bank for International Settlements is on a roll with its third publication within days detailing how commercial banks in four jurisdictions transferred funds using CBDC.
BIS, UN, Hong Kong Monetary Authority concludes tokenized green bonds trial
Project Genesis 2.0 continued the joint effort of exploring blockchain opportunities for green investments.
Hong Kong Presents Digital Currency Prototype, Project Aurum
Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and…
IOSCO demands tighter scrutiny over the ‘finfluencers’
The International Organization of Securities Commissions proposed a set of new measures to address increasing risks in digital marketing.
China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies
The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions totaling over $22 million were…
Israel, Norway and Sweden’s central banks partner with BIS to explore CBDC
The Project Icebreaker initiative aimed to improve cross-border payments by reducing costs and increasing speed and transparency, with a final report expected in Q1 2023.