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The committee already imposes a limit on crypto holdings in bank reserves, but the concentration of crypto in a small number of banks contributed to the March crisis, it said. Go to Source
The pilot will include private banks and public institutions, while the Bank for International Settlements (BIS) will support it with technical expertise. Go to Source
First Deputy Governor at Banque de France calls the central bank digital currency “the catalyst for improving cross-border payments.” Go to Source
Project Mariana was developed under the aegis of the Bank for International Settlements. Go to Source
BIS general manager Agustín Carstens stresses the importance of legal frameworks that protect CBDC users’ privacy and maintain monetary freedom. Go to Source
The project now includes central and commercial banks of China, Hong Kong, Thailand and the UAE. Future new members were not identified. Go to Source
BaFin’s top executive stresses the risks of crypto and calls for global regulation to apply to all financial centers, without exceptions. Go to Source
The Hong Kong Monetary Authority, Bank of Israel and Bank for International Settlements teamed up to address the complex issues of rCBDCs. Go to Source
Binance CEO Changpeng Zhao says DeFi will outpace CeFi in the next bull run, but the Bank for International Settlements is skeptical. Go to Source
Central banks of the United States, Canada, Mexico and Brazil have pointed out the risks of crypto, but warned against excessively prohibitive laws. Go to Source
