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Tag Archives: BIS

More Central Banks Going for CBDC, May Not Use Existing DLT – BIS

Mar 3, 2020

Olusegun Ogundeji

The Bank for International Settlement (BIS) has presented central banks seeking to issue central bank digital currencies (CBDCs) to the public with design stage choices even as it identifies 17 selected projects either researching, piloting, or, like China, have ongoing work in place at ...

BIS: To Succeed, CBDCs Need to Focus on Convenience

Mar 3, 2020

While tokenizing national currencies could be the solution to the world's financial woes, central bank digital currencies (CBDCs) need to compete with both cash and payment operators such as Visa and PayPal.  This is the main take from the quarterly report from the Bank for Internatio...

BIS: Central Banks May Issue Digital Currencies Soon

Jul 2, 2019

Bitcoin Magazine

Central banks may begin to issue digital currencies of their own soon, according to the chief of the Bank of International Settlements (BIS), Agustín Carstens. BIS, which fosters financial cooperation between international banks, intends to hasten the development of digital currencie...