Bank of International Settlements Archives

The Bank of International Settlements (BIS) building in Basel Switzerland sure doesn't look like a dreary place to work every day, right? (Photo by Mario Botta via Wiki commons).

Libra, Regulation

Libra Association and major banks grilled on stablecoins

Stablecoin creator JPMorgan and a consortium of major financial institutions aiming to launch its own payment coin face the Bank for International Settlements

September 16, 2019 /

Facebook once again defended its Libra cryptocurrency, this time in front of a group of central bankers at a conference on the regulation of stablecoins held in Switzerland on September 16.

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Leo Jakobson
The Bank of International Settlement (BIS) in Basel, Switzerland (via Wikicommons).

Bitcoin, Technology

Bitcoin’s Proof-of-Work model will fail, economist for central banking organization argues

As the reward for mining new coins declines, finalizing transactions could take a year

January 24, 2019 /

Ultimately, it could take nearly a year, or 50,000 blocks, before a payment could be considered final

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Leo Jakobson