As Powell Commits to No CBDC, Global Momentum Stalls
Fed Chair Jerome Powell’s firm stance that a central bank digital currency will not happen under his watch aligns the ...
Tag: BIS
Learn how the Bank for International Settlements (BIS) supports central banks through research, policy coordination, and innovation in global payments and banking systems.
In a Fragmented Cross-Border Payments Landscape, Consumers Seek Stability
The rise of digital payments has made the world more connected than ever, driving demand for cross-border transactions. However, a ...
BIS Proposes Hybrid Model for CBDC That Includes Retail Banks
Amid controversy surrounding the central bank digital currency (CBDC) model, the Bank for International Settlements (BIS) has proposed a new ...
BIS Pilots Automated Compliance Process for Cross-Border Payments
The Bank for International Settlements has said that Project Mandala, an initiative to create an automated regulatory compliance system for ...
Financial Firms Join Project Agora to Develop Cross-Border Payments Standard
Project Agora, the cross-border payments project proposed by the Bank for International Settlements (BIS), has received the backing of 41 ...
The Complexity of Commercial Payments Isn’t Often Understood
The largest corporations and financial institutions make payments and transfer funds at a magnitude that far exceeds consumer transactions. However, ...
Central Banks Are Largely Unprepared for AI’s Impact, Says BIS
Central banks have a responsibility to safeguard the financial stability of their economies, but they should also be at the ...
Next Step for Cross-Border Payments: Tokenization
The Federal Reserve Bank of New York, along with six other central banks, will team up with the Bank for ...
Philippines to Release Wholesale CBDC in Two Years
In 2020, the Philippines initiated an exploratory study on the viability of central bank digital currencies (CBDCs). Now, the region ...
UAE Conducts First Cross-Border CBDC Payment
To mark the 50th anniversary of the Central Bank of UAE, the first central bank digital currency (CBDC) transaction was ...
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