Annual Economic Report has just bashed stablecoins for failing major monetary tests. Here’s what the BIS thinks.

Hyun Song Shin, the BIS' Economic Adviser, explained that stablecoins lack the traditional settlement function provided by a ...

Stablecoins are no substitute for money, says the Bank for International Settlements. The report cites major flaws in trust, ...

The Bank for International Settlements (BIS) unveiled a groundbreaking vision for the future of the global monetary and financial system.

A senior official at South Korea’s central bank voiced doubt on June 24 over proposals to introduce a stablecoin backed by ...

The European Commission, the EU’s executive branch, plans to issue formal guidance in the coming days, according to the ...

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The global financial system is bloated with some $65 trillion in hidden dollar debts, a recent report from the Bank for International Settlements warns.

The Bank for International Settlements (BIS) and the Bank of Canada launched the Toronto Innovation Centre, the first such centre to be established in the Americas and the seventh to be opened by ...