Bookmarking Crypto Insights
Auto Added by WPeMatico
G20 finance ministers and central bank governors are meeting this month, and the Bank for International Settlements has findings to present. Go to Source Powered by WPeMatico
93% of the central banks are already conducting research on central bank digital currencies, 68% are still not ready to launch their digital money. Go to Source Powered by WPeMatico
The institution cited rising exploits against DeFi as a need for more secure CBDCs. Go to Source Powered by WPeMatico
Project Mariana uses an automated market maker to reduce settlement risk and to create a liquidity pool in place of order books. Go to Source Powered by WPeMatico
Like the IMF’s single ledger proposal released a day earlier, BIS’ unified ledger uses familiar concepts, such as tokenization, without the blockchain. Go to Source Powered by WPeMatico
According to the Bank for International Settlements, offline payments with CBDC raise new risks related to counterfeiting, fraud and privacy concerns. Go to Source Powered by WPeMatico
The insights of Project Meridian would be used by the Bank of England in its Real-Time Gross Settlement (RTGS) system. Go to Source Powered by WPeMatico
During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading, warned that CBDCs will “take the world into a full … Read more
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 “the technical feasibility of conducting cross-border – cross-currency transactions between different [distrubuted ledger technology]-based CBDC … Read more
The bank concluded that a ‘hub-and-spoke’ model between CBDC domestic systems could “reduce settlement and counterparty risk” and complete cross-border transactions in seconds. Go to Source Powered by WPeMatico
