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Agustin Carstens

BIS Boss Coins ‘Finternet’ Term, Touts Tokenization as Tool for Solving Today’s Financial System Shortcomings

BIS Boss Coins ‘Finternet’ Term, Touts Tokenization as Tool for Solving Today’s Financial System ShortcomingsBIS Head Agustin Carstens and Infosys co-founder Nandan Nilekani have proposed the idea of the “Finternet,” an interconnected financial system led by tokenized assets that would help to overcome today’s shortcomings in transacting financial assets. The core of this system would rely on the possibility of smart contracts managing these assets programmatically. BIS Boss Highlights […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

BIS Announces Project Agorá: Central Banks Bet on Tokenization for Cross Border Settlements

BIS Announces Project Agorá: Central Banks Bet on Tokenization for Cross Border SettlementsThe Bank for International Settlements, the central banks’ bank, announced the launch of Project Agorá, a joint private-public initiative seeking to examine the potential benefits of tokenization for improving cross-border settlements. Agorá includes the participation of seven central banks and private institutions to be convened by the Institute of International Finance (IIF). BIS to Explore […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment Model

BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment ModelThe Bank for International Settlements (BIS) has released a report summarizing the “Project Icebreaker” trial, which explored the potential advantages and difficulties of utilizing a retail central bank digital currency (CBDC) in cross-border payments. The experiment was designed to test “the technical feasibility of conducting cross-border – cross-currency transactions between different [distrubuted ledger technology]-based CBDC […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning

BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central PlanningAccording to Agustin Carstens, the head of the Bank for International Settlements (BIS), cryptocurrencies have lost the “battle” against fiat currencies issued by the world’s central banks. While speaking at the Monetary Authority of Singapore on Wednesday, Carstens stressed that stablecoins are not reliable because they lack the “institutional arrangements and social conventions behind them.” […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

BIS Says Crypto Weaknesses Have Materialized Following Market Sell-Off

BIS Says Crypto Weaknesses Have Materialized Following Market Sell-OffThe Bank of International Settlements (BIS), the global body for central banks, claims the weaknesses in crypto that were pointed out before “have pretty much materialized.” BIS General Manager Agustin Carstens opined: “You just cannot defy gravity … At some point, you really have to face the music.” BIS on Crypto Weaknesses The Bank of […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bank of International Settlements Chief Says Cryptocurrencies Being Used to Evade Laws- Advocates for More Regulation

Bank of International Settlements Chief Says Cryptocurrencies Being Used to Evade Laws- Advocates for More RegulationAgustin Carstens, the general manager at the Bank of International Settlements (BIS), has claimed that cryptocurrencies are “used to evade laws and should therefore face more regulation.” Carstens, who has attacked bitcoin in the past, suggests that many crypto assets are “used to do some arbitrage, or to circumvent some regulations.” Carstens Repeats the Same […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy