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Banks will have to capitalise bitcoin holdings in full

June 10, 2021 Comments are Disabled

Banks holding bitcoin will have to set aside capital to back the full amount of their cryptoasset exposure, under guidelines proposed today by the Basel Committee for Banking Supervision (BCBS). […]

Only taxes can address inequality, says BIS head

May 6, 2021 Comments are Disabled

Governments should use their tax and spend powers to address rising levels of inequality, rather than relying on central banks to help build a fairer society. That’s the message from […]

Tether has to open its vaults

February 18, 2021 Comments are Disabled

Stablecoins—digital money backed by assets of stable value—are in vogue. But for a stablecoin to function, its users have to trust in its backing. And history is full of examples […]

US turns to stablecoins to speed up payments

January 7, 2021 Comments are Disabled

The US government is turning to stablecoins—transferable digital tokens backed by fiat currency—as a way of speeding up its notoriously slow domestic payments system. Earlier this week the Office of […]

Central banks brace for stablecoin explosion

November 27, 2020 Comments are Disabled

Central banks are braced for a world in which digital dollar tokens called stablecoins explode in value, posing a threat to governments’ ability to monitor the financial system. That’s one […]

Stablecoin design is difficult and dangerous

November 19, 2020 Comments are Disabled

Too strict a reserve policy makes asset-backed money of limited use. But too lax a policy may be the first step on a slippery path to destruction. Since US President […]

Private stablecoins won’t work as money, says the BIS

November 10, 2020 Comments are Disabled

Privately issued stablecoins—digital money backed by fiat currency like the US dollar—won’t work in the long term as they lack the government support implicit in central bank money, say researchers […]

Hard assets hit new highs

July 27, 2020 Comments are Disabled

The slump in the US dollar is beginning to accelerate. The gold price leapt to a new all-time high in early trading on Monday 27 July, with silver and bitcoin […]

No easy fix for remittance costs

July 13, 2020 Comments are Disabled

There’s no easy way to address the frictions affecting global money flows, says the Committee on Payments and Market Infrastructures (CPMI), which looks after the safety and efficiency of the […]

Dollar more dominant after Covid-19

July 5, 2020 Comments are Disabled

The global financial markets are now increasingly dependent on a single currency, the US dollar, and a single source of liquidity—the US central bank. That’s the conclusion drawn by the […]

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Tag: BIS

Banks will have to capitalise bitcoin holdings in full

Only taxes can address inequality, says BIS head

Tether has to open its vaults

US turns to stablecoins to speed up payments

Central banks brace for stablecoin explosion

Stablecoin design is difficult and dangerous

Private stablecoins won’t work as money, says the BIS

Hard assets hit new highs

No easy fix for remittance costs

Dollar more dominant after Covid-19

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