# BIS joint pilot: Institutions can use CBDCs for international settlements

# BIS joint pilot: Institutions can use CBDCs for international settlements

” BIS joint pilot: Institutions can use CBDCs for international settlements “ Bank of International Settlement (BIS) Innovation Hub has completed an experimental central bank digital currency (CBDC) platform pilot for international settlement with the central banks of Australia, Malaysia, Singapore and South Africa. The multi-national experimental CBDC project, dubbed Project Dunbar, has been developed to…

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# BIS general manager: Central banks generate trust, not big techs or “anonymous ledgers”

# BIS general manager: Central banks generate trust, not big techs or “anonymous ledgers”

“# BIS general manager: Central banks generate trust, not big techs or “anonymous ledgers” ” In a speech entitled “Digital currencies and the soul of money,” Agustín Carstens, the general manager of the Bank of International Settlements,’ criticized private stablecoins and decentralized finance (DeFi), touting central bank-led financial innovation as the best possible path to…

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# Swiss central bank tests wholesale CBDC with commercial partners

# Swiss central bank tests wholesale CBDC with commercial partners

“# Swiss central bank tests wholesale CBDC with commercial partners ” Switzerland took another step to clarify the roadmap for integrating central bank digital currencies (CBDC) into the current financial system.  The Swiss National Bank (SNB), the country’s central bank, completed the second phase of Project Helvetia with its partners by integrating wholesale CBDC into the…

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# Law Decoded: A different Congress hearing, Dec. 6–13

# Law Decoded: A different Congress hearing, Dec. 6–13

“# Law Decoded: A different Congress hearing, Dec. 6–13 ” The biggest regulatory story of the week was a United States House Committee on Financial Services hearing squarely focused on crypto. Even the event’s title — “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States”…

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# The stablecoin boom won’t continue without decentralized interoperability

# The stablecoin boom won’t continue without decentralized interoperability

“# The stablecoin boom won’t continue without decentralized interoperability ” Stablecoins are the cornerstone of the digital asset marketplace with a market cap of over $100 billion. Governments are already putting considerable resources in being up to speed with the trends. A November 2021 report published by the United States President’s Working Group on Financial…

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