Bank for International Settlements

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Cambridge Centre for Alternative Finance Launches Digital Assets Research Project With 16 Banks

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On Tuesday, Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School announced a new research initiative focused on the “growing digital asset ecosystem.” According to CCAF, the newly launched collaborative effort involves 16 financial institutions such as the Bank for International Settlements (BIS), Accenture, EY, Goldman Sachs, and more. CCAF Launches 2-Year Research … Read more

Bank for International Settlements States True Decentralized Finance Is an ‘Illusion’

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The Bank for International Settlements (BIS), a finance organization comprised of several central banks, has stated that while the objective of decentralized finance is to move control of financial tools away from current financial institutions, it just provides an ‘illusion’ of doing so. The organization argues that there is some kind of centralization around governance … Read more

Australia, Singapore, Malaysia, and South Africa to Trial Cross-Border Digital Currency Payments

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The central banks of Australia, Singapore, Malaysia, and the Republic of South Africa have set out to test the use of state-issued digital currencies in cross-border payments. The trial, led by the Bank for International Settlements, aims to establish whether they can simplify transactions and make them cheaper. Reserve Bank of Australia Teams Up With … Read more

South Korea Central Bank Says CBDCs Will Disrupt Financial Integrity

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South Korea’s central bank has warned that adopting a state-backed cryptocurrency as an official form of legal tender would threaten the country’s financial integrity. In a report, the Bank of Korea (BoK) said such a currency, also known as a central bank digital currency (CBDC), could result in a spike in interest rates and a … Read more

The Daily: Bittrex Invades Europe and Blockchain Gets Raunchy

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From the sublime to the smutty, today’s Bitcoin in Brief runs the full gamut of emotions and stories. These include Bittrex’s new foray into Europe, EOS’ quest to offload its billion-dollar warchest and Jackson Palmer’s viral new project, 50 Shades of Blockchain. Also read: Switzerland Considers Granting Crypto Businesses Access to Banking Services Bittrex Teams Up … Read more

Only a Third of the Richest Informed on Bitcoin

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Despite seeing their investment return above 20% in 2017 for two consecutive years, the richest people in the world say they are not fully satisfied with their asset managers and want to learn more about crypto. Also read: At Least $20 Billion in Crypto Investment Awaits Custody Streamlining, Approval Only a Third of the Richest Were … Read more

World’s Central Bank: Crypto Could Risk Bank Runs

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How many central banks are actually considering their own version of cryptocurrency is unclear, Russia and Venezuela being the most infamous examples. To perhaps ward off serious consideration from more established economies, the Bank for International Settlements (BIS), the world’s central bank to central bankers, is suggesting state-backed crypto might destabilize commercial banks’ customer deposits, … Read more