According to a report by the Bank of International Settlements, vulnerabilities in the crypto market could pose financial stability risks in emerging economies. The report expressed concerns about the ability of these economies to monitor and assess the risks associated with cryptoassets, including liquidity, credit, operational, bank disintermediation, and capital flow risks. The report also noted that price volatility could lead to losses for holders of cryptoassets. The BIS recommended that local regulators consider selective bans, containment, and regulation of specific crypto-assets and establish clear regulatory mandates that differentiate between activity-based and entity-based regulation.

BIS has announced that Ripple is now an official member of its cross-border payments interoperability and extension taskforce, which is part of the BIS Committee on Payments and Market Infrastructures. <br>

June 26 (Cointime) - Both the IMF and BIS have released reports on the future of the monetary system, which highlight the potential for tokenization and mention crypto and central bank digital currencies (CBDCs).

The Bank for International Settlements (BIS) has released a handbook on the offline use of central bank digital currencies (CBDCs) following a joint project with the central banks of Sweden, Norway, and Israel. The guide, titled 'Project Polaris,' aims to assist central banks in implementing CBDCs in their offline operations, depending on various considerations such as location, demographics, and other specific factors.

The Bank for International Settlements (BIS) is exploring the potential for offline payments using a central bank digital currency (CBDC). The BIS Innovation Hub Nordic Centre has published a guide called "Project Polaris" which outlines the risks and opportunities of CBDCs for offline payments.

The Bank of England and the Bank for International Settlements (BIS) London Innovation Centre have successfully tested their blockchain-powered settlements system, Project Meridian, between the central banks. The pilot project saw banks complete a house purchase in Wales and England through the synchronization network using distributed ledger technology (DLT), and insights from the project will be used by the Bank of England in its Real-Time Gross Settlement (RTGS) system. The synchronization network and RTGS system using APIs could be extended to other asset classes, such as foreign exchange, and reduce the time, costs, and risks of transactions. The system aims to provide a settlement system for central bank digital currencies (CBDCs), but there are reservations about its possible use, including identity verification mechanics and legal questions about the final point of irrevocability of settlement and digital representation of asset ownership.

&nbsp;A Bank of International Settlements (BIS) working paper compared models of private tokenized money in terms of their singleness as a complement to a central bank digital currency.

Economists at the Bank for International Settlements (BIS) have suggested that introducing a retail central bank digital currency (CBDC) with a rate of issuance of 40% of Gross Domestic Product (GDP) could bring significant macroeconomic and financial stability gains in the long run.

The Project Icebreaker report explains that it aims to investigate a particular approach for linking domestic systems, known as the hub-and-spoke solution.

The Bank for International Settlements (BIS) has successfully completed a pilot retail central bank digital currency (CBDC) pilot called Project Icebreaker, according to a March 6 press release.