The BIS Innovation Hub is researching how central banks can leverage technology to create new forms of cashless payments and digital currencies through 4 projects: Project Helvetia, Dunbar, Aurum and Rosalind.

All projects are supposed to be purely experimental and are not supposed to imply any decision by the participating central banks on issuing CBDCs. But we know better...

• The Bank for International Settlements (BIS) is an international financial institution owned by central banks that fosters international monetary and financial cooperation and serves as a bank for central banks.

• The BIS plans to accomplish its goals through the spoke and wheel model of its Innovation Hub, which has several centers around the world that develop public goods in the technology space to support central banks and the financial system as a whole.

• The BIS supports central banks by providing them with a forum for dialogue and cooperation, a platform for innovation and knowledge-sharing, in-depth analysis and insights on core policy issues, financial services, and access to various reports and statistics.

• The BIS promotes green finance by conducting research, hosting international groups that set standards on green finance, developing public goods to support green finance projects, providing financial services, producing reports on climate-related risks and mobilizing capital for green investments.

• The BIS supports the exploration and development of CBDCs by conducting research on implications for central banks, hosting international groups that work on developing standards for CBDCs, developing public goods in the technology space to support CBDCs projects, providing a platform for dialogue, implementation, and execution of CBDC rollouts.

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Prepper Daves (aweb.page)