New proposals from the Bank for International Settlements are unlikely to lead banks to hold bitcoin. But they could open the door to CBDCs, says our columnist.
Holdings of unbacked crypto like bitcoin and algorithmic stablecoins would be limited to 1% of a lender’s capital under the standard setter's new plans put out for consultation Thursday.
Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to the head of the BIS Innovation Hub.