Bank for International Settlements Concludes CBDC Project ‘Icebreaker’
In partnership with the central banks of Israel, Sweden, and Norway, the Bank for International Settlements (BIS) has finalized a project that explores the potential advantages and challenges of using central bank digital currencies (CBDC) in international payments.
Banks’ Direct Exposure to Crypto Less Than 1% of Total – BIS Report
Global banks’ exposure to crypto-assets remains minuscule and mostly declined during 2022, the Bank for International Settlements (BIS) said in its latest BASEL III Monitoring report.
Majority of Retail Bitcoin Investors Likely Lost Money in Last 7 Years, Finds BIS Report
The Bank for International Settlements (BIS) has published its Bulletin No 69, titled “Crypto shocks and retail losses,” which investigates the behavior of crypto investors and whether the sector has impacted broader financial markets.
Coinbase Released Its Own Blockchain; Jump Crypto 'Exploit' Wormhole Hacker | Cointime Weekly Feb.19 – Feb.25
Judge says NBA Top Shot moments NFTs are securities; IMF said crypto assets should not be legal tender; Hong Kong outlines upcoming crypto licensing regime; how to evaluate blockchain analysis tools.
Tokens Do Not Benefit From Regulations or Central Planning, Says BIS General Manager
Agustin Carstens, the general manager of the Bank for International Settlements (BIS), believes that cryptocurrencies have lost the battle against national currencies such as the euro, pound, and yen. Carstens gave a speech at the Monetary Authority of Singapore and was also interviewed by Bloomberg News. The BIS general manager told Bloomberg that the battle between fiat and crypto assets “has been won.” Carstens insisted that technology alone does not make for “trusted money.” The BIS GM added:
BIS Chief Says Cryptocurrencies ‘Don’t Make for Trusted Money’
The head of the Bank for International Settlements (BIS), Agustín Carstens, has expressed skepticism about cryptocurrencies, questioning their ability to replace fiat currency.
Most Median Retail Crypto Investors Lost Money From 2015 to 2022, According to BIS Analysis
The BIS report warns that cryptocurrencies are not a reliable store of value and are subject to significant market fluctuations due to high levels of uncertainty and speculation.
Most Retail Crypto Investors Lost Money Over the Last 7 Years, According to BIS Analysis
According to data from the Bank for International Settlements (BIS), published in the latest BIS Bulletin No. 69, researchers assessed that, on average, most users lost money on their investments over the past seven years. Onchain data, metrics from exchanges, and cryptocurrency application download statistics gathered by BIS researchers suggest that most median retail crypto investors lost money from August 2015 to the end of 2022.
Trading on Major Exchanges Spiked Following Collapse of Terra, FTX
A report from the Bank for International Settlements (BIS) suggested that trading activity on major exchanges increased in the days following the collapse of crypto firms FTX and Terraform Labs.
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 “bank for central banks” announced its Innovation Hub will "increase its focus" on CBDCs in 2023 to improve payment systems. The bank added its work schedule for the year ahead also includes “Project Pyxtrial,” which it described as a new experiment being launched by the London branch of the BIS Innovation Hub to enable the “systemic monitoring of stablecoins.” (Cointelegraph)
