BIS introduces 2024 initiatives, notably Project Promissa for tokenizing promissory notes and Project Aurum focusing on retail CBDC privacy. While promising, the shift to digital financial instruments poses challenges, shaping the future financial landscape.
BerniceCecilia Skingsley, the head of the Innovation Hub at the Bank for International Settlements (BIS), stressed the imperative for central banks to proactively adapt to the evolving landscape of digital assets and tokenization.
ClementThe study shows that the number of central banks actively exploring CBDCs has grown from 90% in 2021 to 93% in 2022.
Coinlive It argues that cryptocurrencies feature many of the risks of TradFi, but while similar, the risks tend to be exaggerated.
OthersThe international bank found high technical feasibility among the projects, but significant work on legal and governance frameworks still remains to be done.
CointelegraphThe institution's future monetary vision includes exploring innovations grounded in trust in central banks' stable sovereign currencies and safe payment systems.
CointelegraphBIS’s cryptocurrency market intelligence platform will be launched under the Eurosystem Centre initiative to provide vetted data about crypto projects.
CointelegraphA fresh report from the Bank for International Settlements comes to a radical conclusion, claiming that the public identities of intermediaries are necessary to fight “miner extractable value.”
CointelegraphThis experimental CBDC platform demonstrates the effectiveness of the design approach used to address three main issues: access, jurisdictional boundaries, and governance.
Cointelegraph“Globally, more than two-thirds of central banks believe it is possible for them to issue a retail CBDC in the short or medium term,” the BIS said.
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