Category: Bank for International Settlements (BIS)

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BIS Plans Instant Cross-Border Payments Using Wholesale CBDC Settlement

June 4, 2024

In a move to improve traditional cross-border payments, the Bank for International Settlements (BIS) has announced the launch of Project Rialto. This project aims to enhance instant cross-border payments by integrating a modular foreign exchange (FX) component with settlement in wholesale central bank digital currencies (CBDCs). The initiative, a collaboration between the BIS Innovation Hub…
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BIS Survey: 93% of the World’s Central Banks Are Engaged in CBDC Work

July 12, 2023

The Bank for International Settlements (BIS), an organization that seeks to support the international cooperation of the world’s central banks, has released the results of its 2022 survey on central bank digital currencies (CBDC) and crypto. The survey found that 93% of the 86 banks surveyed were involved in CBDC-related work at different levels. BIS:…
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