Tag "Bank for International Settlements (BIS)"

BIS Joins Forces With Seven Central Banks to Explore Practicality of Retail CDBCs

A group formed by seven central banks and the Bank for International Settlements (BIS) has now turned to practical policy and implementation issues for retail Central Bank Digital Currencies (CBDCs), building on an initial report published in 2020. The central

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BIS Backs the Development of Central Bank Digital Currencies

The Bank for International Settlements (BIS) said in an annual report that it backs the development of central bank digital currencies (CBDCs). The Annual Economic Report 2021 said that CBDCs are “moving from concept to practical design and renew the

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Central Bank Group Including SNB Assess Cases For Central Digital Currencies

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Sveriges Riksbank and the Swiss National Bank, together with the Bank for International Settlements (BIS), have created a group to share experience as

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Proper Regulation Needed For Fintech To Thrive And Fix Our Financial System

Fintech has the potential to improve both financial stability and access to services. But for the sector to thrive, there needs to be significant changes in the focus of regulation, according to a new Bank for International Settlements (BIS) Working

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