Cross-Border Payments
France, Switzerland, Singapore to Test DeFi in Forex Markets
The countries' central banks started Project Mariana because they think decentralization could be the future of finance.
Stablecorp CEO: 'It's Time to Build the Boring Stuff'
Stablecorp aims to reduce cross-border payment friction using bank-grade blockchain technology. CEO Alex McDougall discusses whether TradFi players are interested in working with crypto for cross-border payments during a bear market, saying, "It's up to us as an industry right now to build those types of solutions ... it's time to build the boring stuff."
Stablecoins’ Role in Cutting International Payment Costs Probed by Payments Watchdog
The Committee on Payments and Market Infrastructures wants to know if stablecoins can fulfil their promise of cheaper, quicker transactions, according to a new Financial Stability Board report.
Landmark International CBDC Test Deemed Success, BIS Says
Over $22 million in foreign exchange was aided via the pilot involving China, Thailand and Hong Kong, the Bank for international Settlements said
New Global CBDC Platform Could Cut Payment Costs, IMF Says
The International Monetary Fund remains skeptical about a private system, but is pushing for new ideas on state-backed digital currencies.
Bitcoin, Stablecoins the Worst Options for Cross-Border Payments, ECB Study Says
A senior central banker said state-backed digital currencies would be quicker and cheaper.
BIS Study: Regulate Ledgers, Not Individual Crypto Providers
According to a working paper produced for the Bank for International Settlements (BIS), using distributed-ledger technology (DLT) to cut the cost of cross-border payments requires regulators to stop looking at individual nodes and start looking at the distributed system as a whole. "The Hash" team discusses the regulatory perspective of DLT-based enhancement of cross-border payments.
Regulate Ledgers and Not Individual Crypto Providers, BIS Study Says
To make cross-border payments easier, you need to change your whole way of thinking, the authors of the BIS study found.
Why Russian Sanctions Could Push Corporations Towards Crypto
The sudden disconnection of Russia from the global financial system is a moment for reflection. But economic fragmentation has a cost.
NY Fed Launches Fintech Research Wing With BIS Help
The NYIC will be led by PwC alum Per von Zelowitz, who joined the New York Fed in July.
