Tag: BIS

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BIS report warns crypto exchanges’ rapid growth and lack of standardized rules leave users at risk

Crypto exchanges are increasingly offering bank-like services such as lending and yield products, but without the protection traditional financial institutions provide, according to a...

Global stablecoin rules slow down as BIS urges cooperation to avoid fragmentation risks

Work on global standards for stablecoins has slowed over the past year, raising concern among central bankers that gaps in oversight could split markets...

BIS Warns on Stablecoin Risks, Urges Global Coordination

The Bank for International Settlements (BIS) general manager, Pablo Hernández de Cos, on Monday called for tighter global coordination on stablecoins, warning that US...

Stablecoin-sceptic BIS exec set to become new South Korean central bank boss – DL News

Shin Hung-song has left his Bank for International Settlements role.South Korean tech firms await green light to launch stablecoins.Shin has warned South Korean stablecoins...