Countries have varying definitions and categorizations for stablecoins that may pose a risk to financial stability, the report by the Financial Stability Institute said.
Central Bank Group Starts Tokenization Project to Enhance Monetary System
The project will investigate the integration of tokenized commercial bank deposits with central bank money using smart contracts and programmability, the Bank for International Settlements said.
DeFi Borrower Behavior Key to Gauging Tokenization Risks: BIS Study
The study was designed to look at the largely unexplored “intricacies” of user behavior and dynamics of decentralized finance lending, the authors said.
Kazakhstan central bank reviews digital tenge pilot successes, next steps
The digital tenge has been used for everything from free school lunches to tokenizing gold, and there’s more to come.
Basel Committee suggests introducing maturity limits for stablecoin reserve assets
Should longer-term assets be allowed as reserve assets, the committee believes these must overcollateralize the claims of stablecoin holders.
Central Banks Aren’t Sufficiently Ready for CBDC Risks: BIS Report
The introduction of central bank digital currencies could have major implications on the stability, the report said.
BIS advises central banks to plan in advance for CBDC security
From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.
BIS Innovation Hub presents its ‘private CBDC’ project
The Bank for International Settlement’s Project Tourbillon features two eCash prototypes, the first providing “unconditional payer anonymity” and the second being “more resilient” in security terms.
Central Bank Project Shows CBDC Payments Can Be Private
The project is a first step in exploring privacy, security and scalability for central bank digital currency design, a report on the BIS initiative said.
South Korea to invite 100K citizens to test CBDC in 2024
Participants will be restricted to using the CBDC only for payment, without an option to store, exchange or send it to other users.
‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS
The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option.
CBDCs Like a Digital Dollar Face Doubts Without Privacy Protections, Key Organization Finds
A study found that privacy increases participants’ willingness to use a CBDC by up to 60% when purchasing privacy-sensitive products.
IMF head: CBDCs can replace cash, help financial inclusion
International Monetary Fund Managing Director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies.
Stablecoins ‘not a safe store of value’: BIS
“Not one of the stablecoins assessed in this paper has been able to maintain their closing prices in parity with their peg,” wrote the Bank for International Settlements.
BIS Researchers Say Stablecoins Are Failing to Live Up to Promise
For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said.
BIS general manager urges central banks to “lead innovation” for CBDCs
Agustín Carstens called CBDCs the “central element” of central bank leadership in innovation.
CBDCs Are ‘Central’ to Innovating Financial Systems, BIS Chief Says
Central banks will have a limited role to play relative to the private sector in CBDC issuance, the group’s general manager Agustín Carstens said.
Project mBridge reveals details of its workings ahead of MVP, commercial debut
Project mBridge has put together a slick publication with lots of new information to let the world know what the hottest project in CBDC is.
Project mBridge reveals details of its workings ahead of MVP, commercial debut
Project mBridge has put together a slick publication with lots of new information to let the world know what the hottest project in CBDC is.
Drawbacks of Stablecoin Cross-Border Use Outweigh Benefits: Global Payments Watchdog
Existing stablecoins aren’t fully compliant with relevant regulatory requirements, a report by the Committee on Payment and Market Infrastructures said.