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BIS, FSB Reports Highlight Benefits and Risks of Asset TokenisationÂ
The Bank of International Settlements (BIS) and the Financial Stability Board (FSB) have published their respective reports on VDAs, addressed to the G20 group. The Finance Ministers and Central Bank Governors of the G20 nations are scheduled to meet on October 23-24. The release of these reports by these financial institutes is well aligned with t...
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Australia Sanctions Israel Settlers Accused Of Sexual Assault Of Palestinians
Australia on Thursday followed Europe and the United States by levying sanctions on Israeli settlers accused of "beatings, sexual assault and torture" of Palestinians in the occupied West Bank.
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India To Create A Cross-Border Retail Payment Platform With 4 ASEAN Countries
Nexus, conceptualised by the Innovation Hub of the Bank for International Settlements (BIS), aims to connect India's UPI with the fast payment systems of ASEAN members.
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Brazil to Unveil Second Phase of Crypto Rules by End of 2024: Report
Without disclosing too many details about the ‘internal planning’, Brazil’s Apex bank has confirmed that laws to monitor the use of stablecoins and the role they can play in foreign exchange settlements and other payments are in the pipeline this year.
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Israel Moves Forward With Settlement Plans Despite Criticism From US
Israeli Finance Minister Bezalel Smotrich pledged to continue expanding settlements in the occupied West Bank, defying international pressure on Israel to stop building on land Palestinians see as the core of a future independent state.
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Israel's New Settlements In West Bank "Inconsistent" With International Law: Antony Blinken
Israel's expansion of settlements in the occupied West Bank were inconsistent with international law, U.S. Secretary of State Antony Blinken said on Friday.
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Israel To Legalise 9 Settlements In Occupied West Bank After "Terrorist Attacks"
Netanyahu said earlier Sunday during a meeting of his government he wanted to "strengthen settlements", which are illegal under international law.
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Bank of International Settlements Proposes Three Crypto Rules for Immediate Consideration: All Details
The Bank of International Settlements (BIS) has outlined three rules, that could prompt global financial regulators who are drafting crypto laws around the world. Banning some crypto activities, isolating crypto from TradeFi, and keeping crypto laws similar to the ones that govern TradeFi are the three suggestions listed by the BIS.
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Three Out of Four Bitcoin Investors Have Lost Money Since 2015, Study Finds
Three out of four Bitcoin investors have lost money, according to a study by economists at the Bank of International Settlements, an institution widely considered as the central banks of central banks, based on data on investors in cryptocurrencies in 95 countries between 2015 and 2022. The number of people using smartphone apps allowing one to pur...
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RBI to Begin Pilot of Digital Rupee on November 1 With Participation From 9 Banks
The Reserve Bank of India (RBI) will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on November 1, identifying nine banks to participate in the project. The pilot with include SBI, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC, the RBI said.
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Stablecoins Must Comply With Same Safeguards as Traditional Payment Methods, Global Regulators Say
Stablecoins will have to comply with regulations and safeguards put into place for traditional forms of payment, according to global regulators. While stablecoins are designed to have a stable value compared to Bitcoin and other traditional cryptocurrencies that are considered volatile, the new controls that apply to large stablecoins were adopted ...
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90 Percent of the World's Central Banks Are Exploring Launching a CBDC, Reveals BIS Survey
According to the data from a survey by the Bank for International Settlements (BIS) nine out of ten central banks around the world are exploring central bank digital currencies (CBDCs). The survey also found that more central banks are developing or testing retail CBDCs or digital currencies designed for consumer use than wholesale CBDCs designed f...
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Big Tech Data Collection Under Scrutiny After World Central Bank Group Demands More Control
World's main central bank umbrella group, the BIS, has demanded for individuals and firms to be given more control over the data harvested on them by social media, Big Tech firms and banks. In a pa[er published on Thursday, the BIS mentioned while most countries already have some laws around data use, most individuals are still were not aware of wh...
-
US Says Israel's West Bank Settlements Do Not Violate International Law
Secretary of State Mike Pompeo said Monday that the Trump administration had determined that Israel's West Bank settlements do not violate international law, a decision he said had "increased the likelihood" of a Middle East peace settlement.
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Indian Deposits In Swiss Banks Fell By 80% Since 2014: Piyush Goyal
Indian deposits in Swiss banks fell by 34.5 per cent in 2017 and by 80 per cent since the Narendra Modi government came to power in 2014, Finance Minister Piyush Goyal said on Tuesday, citing data from the global body of central banks, the Bank for International Settlements (BIS)
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BIS, FSB Reports Highlight Benefits and Risks of Asset TokenisationÂ
The Bank of International Settlements (BIS) and the Financial Stability Board (FSB) have published their respective reports on VDAs, addressed to the G20 group. The Finance Ministers and Central Bank Governors of the G20 nations are scheduled to meet on October 23-24. The release of these reports by these financial institutes is well aligned with t...
-
Australia Sanctions Israel Settlers Accused Of Sexual Assault Of Palestinians
Australia on Thursday followed Europe and the United States by levying sanctions on Israeli settlers accused of "beatings, sexual assault and torture" of Palestinians in the occupied West Bank.
-
India To Create A Cross-Border Retail Payment Platform With 4 ASEAN Countries
Nexus, conceptualised by the Innovation Hub of the Bank for International Settlements (BIS), aims to connect India's UPI with the fast payment systems of ASEAN members.
-
Brazil to Unveil Second Phase of Crypto Rules by End of 2024: Report
Without disclosing too many details about the ‘internal planning’, Brazil’s Apex bank has confirmed that laws to monitor the use of stablecoins and the role they can play in foreign exchange settlements and other payments are in the pipeline this year.
-
Israel Moves Forward With Settlement Plans Despite Criticism From US
Israeli Finance Minister Bezalel Smotrich pledged to continue expanding settlements in the occupied West Bank, defying international pressure on Israel to stop building on land Palestinians see as the core of a future independent state.
-
Israel's New Settlements In West Bank "Inconsistent" With International Law: Antony Blinken
Israel's expansion of settlements in the occupied West Bank were inconsistent with international law, U.S. Secretary of State Antony Blinken said on Friday.
-
Israel To Legalise 9 Settlements In Occupied West Bank After "Terrorist Attacks"
Netanyahu said earlier Sunday during a meeting of his government he wanted to "strengthen settlements", which are illegal under international law.
-
Bank of International Settlements Proposes Three Crypto Rules for Immediate Consideration: All Details
The Bank of International Settlements (BIS) has outlined three rules, that could prompt global financial regulators who are drafting crypto laws around the world. Banning some crypto activities, isolating crypto from TradeFi, and keeping crypto laws similar to the ones that govern TradeFi are the three suggestions listed by the BIS.
-
Three Out of Four Bitcoin Investors Have Lost Money Since 2015, Study Finds
Three out of four Bitcoin investors have lost money, according to a study by economists at the Bank of International Settlements, an institution widely considered as the central banks of central banks, based on data on investors in cryptocurrencies in 95 countries between 2015 and 2022. The number of people using smartphone apps allowing one to pur...
-
RBI to Begin Pilot of Digital Rupee on November 1 With Participation From 9 Banks
The Reserve Bank of India (RBI) will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on November 1, identifying nine banks to participate in the project. The pilot with include SBI, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC, the RBI said.
-
Stablecoins Must Comply With Same Safeguards as Traditional Payment Methods, Global Regulators Say
Stablecoins will have to comply with regulations and safeguards put into place for traditional forms of payment, according to global regulators. While stablecoins are designed to have a stable value compared to Bitcoin and other traditional cryptocurrencies that are considered volatile, the new controls that apply to large stablecoins were adopted ...
-
90 Percent of the World's Central Banks Are Exploring Launching a CBDC, Reveals BIS Survey
According to the data from a survey by the Bank for International Settlements (BIS) nine out of ten central banks around the world are exploring central bank digital currencies (CBDCs). The survey also found that more central banks are developing or testing retail CBDCs or digital currencies designed for consumer use than wholesale CBDCs designed f...
-
Big Tech Data Collection Under Scrutiny After World Central Bank Group Demands More Control
World's main central bank umbrella group, the BIS, has demanded for individuals and firms to be given more control over the data harvested on them by social media, Big Tech firms and banks. In a pa[er published on Thursday, the BIS mentioned while most countries already have some laws around data use, most individuals are still were not aware of wh...
-
US Says Israel's West Bank Settlements Do Not Violate International Law
Secretary of State Mike Pompeo said Monday that the Trump administration had determined that Israel's West Bank settlements do not violate international law, a decision he said had "increased the likelihood" of a Middle East peace settlement.
-
Indian Deposits In Swiss Banks Fell By 80% Since 2014: Piyush Goyal
Indian deposits in Swiss banks fell by 34.5 per cent in 2017 and by 80 per cent since the Narendra Modi government came to power in 2014, Finance Minister Piyush Goyal said on Tuesday, citing data from the global body of central banks, the Bank for International Settlements (BIS)
