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BIS promises “game-changing” blueprint for future financial system
Today, the monetary system stands at the cusp of another major leap. Following dematerialisation and digitalisation, the key development is tokenisation – the process of representing claims digitally on a programmable platform. This can... read more
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BIS Project mBridge CBDC pilot deemed a success
The Bank for International Settlements (BIS) says the six-week Project mBridge pilot to evaluate whether CBDC would be useful for foreign exchange transfers has successfully processed 160 payments worth around... read more
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BIS successfully trials multi CBDC platform for international payments
A prototype of multiple Central Bank Digital Currencies (mCBDCs) developed by the Bank for International Settlements Innovation Hub and four central banks has demonstrated the potential of using digital currencies... read more
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Benoît Cœuré on the record – The future of CBDC
Central banks should move forward with CBDC projects to avoid falling behind comparable private sector payment initiatives that are already taking root, Benoît Cœuré, Head of Innovation at Bank for... read more
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Luis de Guindos on the record: Euro area banks in the recovery
In a recent speech by Mr Luis de Guindos, Vice-President of the European Central Bank, at the Frankfurt Euro Finance Summit in Frankfurt, the seasoned banker made clear that Europe’s... read more
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