The Bank for International Settlements (BIS) is positioning itself at the forefront of financial innovation, aiming to revolutionize cross-border payments. With major global financial institutions and credit card companies signing on to its blockchain-based project, BIS is working to build…
IMF, World Bank, and BIS are engaging in collaborative efforts to explore applications of tokenization
The International Monetary Fund (IMF), World Bank, Bank for International Settlements (BIS), and Switzerland’s central bank have joined forces in an innovative collaboration to explore the concept of tokenization. This strategic partnership aims to harness the power of tokenization technology…
EU Banks Can Now Hold 2% of Capital in Bitcoin and Cryptocurrency
The European Union has taken a major step towards mainstream acceptance of cryptocurrency with a recent vote to allow banks to hold up to 2% of their capital in bitcoin and other digital assets. The move, which was approved by…
BIS Permits Banks to Hold 2% of Their Reserves In Cryptocurrency.
A policy allowing banks to hold 2% of their reserves in cryptocurrencies was recently introduced by the BIS in its Prudential Treatment of Cryptoasset Exposure report for December 2022. Banks to Hold 1% Maximum The policy, which covers a number…
How did the USDT laundering case move over $1 billion?
The unsealing of a criminal case in the Eastern District of Virginia has drawn attention to a major usdt laundering case involving Miami-based Jorge Figueira, a national of Venezuela and Spain. Court filings allege he ran a money laundering conspiracy…
Vitalik Buterin Unveils Kohaku: The Game-Changing Privacy Framework Revolutionizing Ethereum Wallets in 2025-2026
Buenos Aires, Argentina – In a highly anticipated keynote at Ethereum Cypherpunk Congress 2 on November 16, Ethereum co-founder Vitalik Buterin introduced Kohaku, a bold new privacy framework designed to make private transactions the default experience for Ethereum wallet users.…
