BIS
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The new rules would oblige banks in member nations to publicly share their involvement in crypto assets and the financial requirements imposed by holdings
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The jury is out on cryptocurrencies, but tokenization could be revolutionary, BIS says
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In a recent paper, the BIS highlighted potential risks associated with how crypto interacts with emerging economies
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By enabling offline use for CBDCs, a central bank could hope to achieve various public policy objectives including those closely aligned with its core mandate, the guide reads
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BIS economists reckon crypto isn’t quite big enough to threaten global financial stability, but one day it might
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Crypto provides promising technological possibilities but cannot fulfill the high-level goals of a digital monetary system, according to the institution
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The move marks a turning point in CBDC infrastructure development, demonstrating to the rest of the world that such moves could prove useful to the traditional banking and financial sector.
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On the role of central banks: “caution yet confidence”, says Denis Beau. CBDCs are not a panacea, and should not be allowed to harm commercial banks.
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