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BIS says stablecoins fall short on key monetary principles, warning of financial crime risks and threats to monetary sovereignty. A new report from the Bank for International Settlements (BIS) challenged the notion that stablecoins can serve as money in a modern financial system. According to the BIS Annual Economic Report 2025, stablecoins fail the fundamental…
The Bank for International Settlements warns that crypto and stablecoins may destabilize finance and widen inequality, urging stronger regulation in response. The growing adoption of cryptocurrencies may pose risks to the traditional financial system and exacerbate wealth inequality, according to the Bank for International Settlements (BIS). In an April 15 report, the BIS warned that…
The digital tenge has been used for everything from free school lunches to tokenizing gold, and there’s more to come. <p>The digital tenge, Kazakhstan’s central bank digital currency (CBDC), has been declared a success following a month-long pilot project. A host of business, regulatory and technical improvements are lined up for it in 2024. During…
” BIS wraps exploration project on retail CBDC payment system “ The Bank for International Settlements, or BIS, has reported it has concluded a project exploring international retail and remittance payments use cases for central bank digital currencies, or CBDCs, with the central banks of Israel, Norway and Sweden. In a March 6 report, the…
” Crypto distribution is uneven among banks as prudential exposure rises: BIS report “ Around 20% of banks have exposure to crypto assets, a Bank for International Settlements (BIS) report released Feb. 28 found. The majority of those banks are in the Western Hemisphere. According to the report, which is based on data from the…
” BIS head describes ideal ‘unified ledger’ for central banks and other financial users “ General manager of the Bank for International Settlements Agustín Carstens spoke at the Singapore FinTech Festival on Feb. 22 and described the digital financial infrastructure he believes would best suit central bankers’ needs. He called that infrastructure a “unified ledger.”…
” Trading on major exchanges spiked following collapse of Terra, FTX: BIS report “ A report from the Bank for International Settlements (BIS) suggests that trading activity on major exchanges increased in the days following the collapse of crypto firms FTX and Terraform Labs. In a Feb. 20 bulletin on “crypto shocks and retail losses,”…
” Many stablecoins fall short of coming regulatory recommendations, says FSB chair “ Financial Stability Board (FSB) chair Klaas Knot has outlined how the organization plans to address key threats to financial stability this year in a Feb. 20 letter sent to the G20’s finance ministers and central bank governors. Crypto assets and decentralized finance…
” BIS-funded regulator to probe DeFi entry points like stablecoins “ The Financial Stability Board (FSB), the financial regulator funded by the Bank for International Settlements (BIS), is pushing international regulations for decentralized finance (DeFi). The FSB on Feb. 16 issued a report on the financial stability risks of DeFi, highlighting major vulnerabilities, transmission channels…
” BIS to launch stablecoin monitoring project and up focus on CBDC experiments “ The Bank for International Settlements (BIS) will heighten focus on experimenting with Central Bank Digital Currencies (CBDCs) this year via its research and development arm and will also launch a new project to monitor stablecoins. On Feb. 7, the Switzerland-based so-called…