Search Results for: Bank for International Settlements

BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment Model

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The Bank for International Settlements (BIS) has released a report summarizing the “Project Icebreaker” trial, which explored the potential advantages and difficulties of utilizing a retail central bank digital currency (CBDC) in cross-border payments. The experiment was designed to test “les…

Le FMI appelle à « davantage » de réglementation de la cryptographie – déclare que l’interdiction devrait être une option

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Fond monétaire international (Le FMI avertit que les sanctions contre la Russie menacent de saper la domination du dollar américain) Managing Director Kristalina Georgieva says crypto needs “more regulation.” She added, “We should not take off the table banning those assets,” if regulation fails or is too slow to implement. Le FMI avertit que les sanctions contre la Russie menacent de saper la domination du dollar américain’s Chief Calls for More Crypto Regulation…

Davos 2023: Les CBDC sont l’avenir de la monnaie des banques centrales, mais elles ne sont toujours pas prêtes

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Un forum économique mondial (FEM) un panel composé de banquiers centraux et de fournisseurs mondiaux de technologies a dressé le profil des monnaies numériques des banques centrales (CBDC) comme l'avenir de la monnaie de banque centrale, les présentant comme l’une des solutions aux limitations du secteur des paiements…

Russian IT Firms Lobby for Crypto Payments in Software Exports

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Companies developing software solutions for foreign customers are urging Russian authorities to allow them to accept crypto payments. The proposal is part of a package of measures aimed at supporting IT exports suggested by an industry organization to the executive power…

Russia and Turkey to Collaborate on Combating Crime-Related Crypto Transactions

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Law enforcement and judicial authorities from Russia and Turkey are joining forces in the fight against cybercrime, including the use of cryptocurrencies for illegal purposes. The collaboration has been agreed upon during a visit by Russia’s Prosecutor General to Ankara. Russie,…

Binance CEO Sees No Threat to Crypto From Central Bank Digital Currencies — Says CBDCs Will Validate Blockchain Concept

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The CEO of cryptocurrency exchange Binance does not see central bank digital currencies (CBDC) as a threat to cryptocurrencies, like bitcoin and ether. “It will validate the blockchain concept so that anybody who still has concerns about the technology will say:…

Indian Central Bank RBI Begins First Digital Rupee Pilot Today

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India’s central bank, the Reserve Bank of India (RBI), is launching its first digital rupee pilot on Nov. 1. with the participation of nine banks. “Settlement in central bank money would reduce transaction costs by pre-empting the need for settlement guarantee…

Hong Kong Presents Digital Currency Prototype, Project Aurum

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Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail…

La Banque de Russie va promouvoir le rouble numérique dans le commerce extérieur alors que le ministère des Finances fait pression pour l'option crypto

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Days after the two institutions agreed on the need for cross-border crypto payments, the finance ministry and the central bank of Russia are once again highlighting their different priorities. While the treasury department aims for legalizing cryptocurrency payments in the coming…

La Russie ne peut pas se passer des paiements cryptographiques transfrontaliers, Consensus atteint

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Key government institutions have agreed that Russia needs to legalize crypto payments for international settlements. The proposal has been gaining support in the past few months since Moscow’s decision to invade Ukraine was met with wave after wave of Western sanctions….