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r/CryptoMarketsSee Post

BIS Unveils Ambitious 2024 Roadmap with CBDCs and Tokenization Projects

r/BitcoinSee Post

You Know About CBDCs. Do You Know about the BIS?

r/CryptoCurrencySee Post

BIS General Manager Agustin Carstens Touts Tokenization as Part of the Future Financial System

r/CryptoCurrencySee Post

US OCC to host discussion on tokenization of real-world assets

r/BitcoinSee Post

Let me tell you about a concerning new pilot program launched by the BIS, Eurosystem, De Nederlandsche Bank, and the Deutsche Bundesbank last week - Project Atlas. Project Atlas is a Proof of Concept for surveilling the international flows of Bitcoin and all crypto-assets.

r/CryptoCurrencySee Post

Chemmanur Credits and Investments Limited NCD IPO October

r/CryptoCurrencySee Post

BIS and central bank partners to explore protocols for embedding policy and regulatory compliance in cross-border transactions

r/CryptoCurrencySee Post

Bank of Korea and BIS Prepare Wholesale CBDC Pilot – Bitcoin News

r/CryptoCurrencySee Post

Banks Would Have to Disclose Crypto Holdings Under New BIS Plan

r/CryptoCurrencySee Post

Banks Would Have to Disclose Crypto Holdings Under New BIS Plan

r/CryptoCurrencySee Post

BIS, EU central banks building data platform to track crypto, DeFi flows

r/CryptoCurrencySee Post

BIS and Central Banks Make Waves with Successful CBDC Test in Project Mariana

r/CryptoCurrencySee Post

The Law Must Evolve To Make CBDCs Possible, Says BIS Chief

r/CryptoCurrencySee Post

BIS chief claims 'outdated legal frameworks' could 'hinder' CBDC development

r/CryptoCurrencySee Post

Countries Should Set Up Legal Frameworks to Support CBDCs: BIS Chief

r/BitcoinSee Post

Headed by Agustín Carstens, BIS Once Again Alerts on Bitcoin and Cryptocurrency via a Totally Misleading Report Aping CBDCs. Just two words to remember: Reject CBDCs.

r/CryptoCurrencySee Post

G20 cryptocurrency update

r/CryptoCurrencySee Post

G20 summit: Crypto regulation, taxes and CBDCs

r/CryptoMarketsSee Post

How much you need to spend on Proof-of-Work Bismuth (BIS) to reach whale status.

r/CryptoCurrencySee Post

Crypto amplified financial risks in emerging markets: BIS papers

r/CryptoCurrencySee Post

Crypto’s ‘Illusory Appeal’ Should Be Met by Regulation, Not Bans, BIS Study Says

r/CryptoCurrencySee Post

Ripple joins BIS cross-border payments task force

r/CryptoCurrencySee Post

Ripple joins BIS cross-border payments task force

r/CryptoCurrencySee Post

BIS Survey: 60% of Central Banks have accelerated their CBDC plans due to cryptocurrencies

r/CryptoCurrencySee Post

BIS slams crypto in new report, says reality doesn't live up to vision

r/CryptoCurrencySee Post

Crypto Can’t Be Used as Money Due to ‘Inherent Flaws,’ BIS Tells G20

r/CryptoCurrencySee Post

BIS survey says 93% of central banks are working on CBDCs, 24 could be circulating by 2030

r/CryptoCurrencySee Post

BIS: 93% of Central Banks Working on Digital Currencies

r/CryptoCurrencySee Post

Crypto, Stablecoins May Pose 'Threat to Financial Stability' if Widely Used: BIS Survey

r/CryptoMarketsSee Post

BIS Unveils Robust Framework to Safeguard CBDCs Against Cyberattacks

r/CryptoCurrencySee Post

BIS develops framework against CBDC cyberattacks

r/CryptoCurrencySee Post

BIS says crypto is a ‘flawed system’ but tokenization could underpin future financial system

r/CryptoCurrencySee Post

BIS releases unified ledger proposal for cross-border, tokenized asset transactions

r/CryptoCurrencySee Post

The Bank for International Settlements (BIS): Crypto a 'flawed system'

r/CryptoCurrencySee Post

Britcoin’ launch inches closer after Project Rosalind CBDC tests

r/CryptoCurrencySee Post

Quant collaborates with BIS and the Bank of England on Project Rosalind

r/CryptoCurrencySee Post

Quant collaborates with BIS and the Bank of England on Project Rosalind

r/CryptoCurrencySee Post

7 central banks and BIS continue examination of ongoing policy issues for retail CBDC

r/CryptoMarketsSee Post

BIS releases guidelines for offline CBDCs payments

r/BitcoinSee Post

Bank of international settlements (BIS) want to have total control of your life. Bitcoin and crypto are freedom

r/CryptoCurrencySee Post

Central Banks Not Interested in Programming CBDC, Programmability Is for Commercial Banks: Lagarde at BIS Innovation Summit

r/CryptoCurrencySee Post

CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs – Featured Bitcoin News

r/CryptoCurrencySee Post

Smaller investors can have outsized impact on crypto investment markets: BIS study

r/BitcoinSee Post

My Notes On The Possible Dollar Collapse

r/CryptoCurrencySee Post

The US dollar won't lose reserve currency status, why you should ignore this FUD and how it affects crypto.

r/CryptoCurrencySee Post

22 y/o paralegal at NYC big law firm: Chat GPT-4.0 makes me want to stop resume-chasing and quit my job tomorrow

r/BitcoinSee Post

A Complete CBDC Update

r/BitcoinSee Post

A Complete CBDC Update

r/BitcoinSee Post

How money is(n't) created in Canada

r/CryptoCurrencySee Post

BIS develops cross-border retail CBDC payment system

r/CryptoCurrencySee Post

Banks shrink crypto custody by 66% in 2022, BIS study shows

r/CryptoCurrencySee Post

Banks' direct exposure to crypto less than 1% of total – BIS report

r/CryptoCurrencySee Post

"Banks Are Cutting Exposure to Crypto" - BIS Report

r/CryptoCurrencySee Post

Cryptocurrencies such as Bitcoin cannot attain the legal status of a payment instrument: IMF

r/CryptoCurrencySee Post

Crypto distribution is uneven among banks as prudential exposure rises: BIS report

r/BitcoinSee Post

A note on banks and swaps.

r/CryptoCurrencySee Post

G20 group: IMF, FSB, and BIS set to release joint comprehensive crypto regulatory policy

r/CryptoCurrencySee Post

Crypto This Week: Putin, BIS, Japan, Kumar, Rogan, CBDC's, Munger, ODELL & Lionel Shriver MANDIBLES

r/BitcoinSee Post

BITCOIN This Week: Putin, BIS, Japan, Kumar, Rogan, CBDC's, Munger, ODELL & Lionel Shriver MANDIBLES

r/CryptoCurrencySee Post

FSB, IMF and BIS papers to set global crypto framework, says G20

r/CryptoCurrencySee Post

Crypto Industry Lost Over $650B After Two Major Scandals in 2022: BIS

r/CryptoMarketsSee Post

Crypto Has Lost the ‘Battle’ Against Fiat Currency, BIS Chief Agustin Carstens Says

r/CryptoCurrencySee Post

BIS head claims fiat won battle with crypto, Bitcoin community disagrees

r/CryptoCurrencySee Post

Crypto has lost the ‘battle’ against national currency: BIS chief Agustin Carstens

r/CryptoCurrencySee Post

BIS: Crypto shocks and retail losses

r/CryptoCurrencySee Post

If You Bought Bitcoin After 2015, You've Likely Lost Money: BIS - Decrypt

r/CryptoCurrencySee Post

Trading on major exchanges spiked following collapse of Terra, FTX: BIS report

r/CryptoCurrencySee Post

Retail Crypto Investors in Emerging Economies Hit Hardest by FTX, Terra Collapses: BIS

r/BitcoinSee Post

Fractional Reserve Banking? Pfff

r/CryptoCurrenciesSee Post

BIS-funded regulator to probe DeFi entry points like stablecoins

r/CryptoCurrencySee Post

BIS to launch stablecoin monitoring project and up focus on CBDC experiments

r/CryptoCurrencySee Post

BIS Project 'Pyxtrial' Developing Tool to Monitor Stablecoin Reserves - Decrypt

r/BitcoinSee Post

…The Truth About CBDCs… Design Choices by ECB & FED Analysed… They Are Aiming At Tight Control Over Accounts, Interest and Spending... Is This a Digital Prison? [Due Diligence]

r/CryptoCurrenciesSee Post

…The Truth About CBDCs… Design Choices by ECB & FED Analysed… Both Are Aiming At Tight Control Over Accounts, Interest and Spending... A Digital Prison Is Being Built in the Shadows… [Due Diligence]

r/CryptoCurrencySee Post

…The Shocking Truth About CBDCs… Design Choices of ECB & FED Analysed… Both Are Aiming At Tight Control Over Accounts, Interest and Spending... A Digital Prison Is Being Built in the Shadows… [Due Diligence]

r/CryptoCurrencySee Post

…The Shocking Truth About CBDCs… Design Choices of ECB & FED Analysed… Both Are Aiming At Tight Control Over Accounts, Interest and Spending... A Digital Prison Is Being Built in the Shadows… [Due Diligence]

r/CryptoCurrencySee Post

…The Shocking Truth About CBDCs… Design Choices of ECB & FED Analysed… Both Are Aiming At Tight Control Over Accounts, Interest and Spending... A Digital Prison Is Being Built in the Shadows… [Due Diligence]

r/BitcoinSee Post

A few weeks ago the Bureau of International Settlements (BIS) warned that they’re unable to audit something like 80 trillion in foreign exchange swaps. Could bitcoin help solve this problem in the future?

r/CryptoCurrencySee Post

A few weeks ago the Bureau of International Settlements (BIS) warned that they’re unable to audit something like 80 trillion in foreign exchange swaps. Could blockchain help solve this problem in the future?

r/BitcoinSee Post

This is my mental framework to evaluate Bitcoin's value, for making decisions but specially for talking to others about Bitcoin

r/CryptoCurrencySee Post

Bank for International Settlements (BIS) working paper: Cryptocurrencies and Decentralised Finance (DeFi)

r/CryptoCurrencySee Post

BIS Allows Banks to Hold 2% Of Their Reserves in Cryptocurrencies

r/BitcoinSee Post

BIS Allows Banks to Hold 2% Of Their Reserves in Cryptocurrencies

r/CryptoCurrencySee Post

With BIS' Blessing, Cryptocurrency Can Withstand Binance's Implosion And More

r/CryptoCurrencySee Post

Central Banks to set standards on banks’ crypto exposure - BIS

r/CryptoCurrencySee Post

Bank of International Settlements announces a new policy that allows banks to hold 2% of reserves in cryptocurrency

r/CryptoCurrencySee Post

The Bank of International Settlements just finalized policy to let banks hold 2% of reserves in Bitcoin

r/CryptoCurrencySee Post

DeFi Can Exacerbate Volatility Without Even Avoiding Middlemen, BIS Reports Say

r/BitcoinSee Post

BIS - "'It'll wipe out every dollar in the world' - new crash fears as $80trillion 'goes missing'"

r/BitcoinSee Post

Pension funds are a trap: BIS warns of $80 TRILLION in hidden debts.

r/CryptoCurrencySee Post

BIS warns of $80 trillion of hidden FX swap debt

r/CryptoCurrencySee Post

Why Centralised Crypto Needs Regulatory Oversight.

r/CryptoMarketsSee Post

3 out of 4 investors lost money investing in Bitcoin, per the Bank for International Settlements (BIS) working paper

r/CryptoCurrencySee Post

3 out of 4 investors lost money investing in Bitcoin, per the Bank for International Settlements (BIS) working paper

r/CryptoCurrencySee Post

Despite Falling Prices Investors Pour Money Into Crypto: BIS Study

r/BitcoinSee Post

Bitcoin buyers drawn by rising prices, not dislike for banks: BIS report

r/CryptoCurrencySee Post

Thoughts on the Bank of International Settlement conclusion regarding its view on Crypto?

r/CryptoCurrencySee Post

BIS, UN, Hong Kong Monetary Authority concludes tokenized green bonds trial

r/CryptoMarketsSee Post

BIS, UN, Hong Kong Monetary Authority concludes tokenized green bonds trial

r/CryptoCurrencySee Post

FSB Proposes Framework For The International Regulation of Crypto-Asset Activities

Mentions

I know what I’m investing in. I know it’s still a young asset class and it will still be volatile. I know the Financial Accounting Standards Board (FASB) has changed the accounting practices governing BTC allocation for businesses to “fair value” January 1st. I know that the Bank for International Settlements (BIS) has suggested a 2% allocation in BTC and “other crypto currencies” to central banks worldwide. I know that Japan, Switzerland and the EU as well as the USA have bills drafted to create national Bitcoin reserves. I know the Markets in Crypto Assets regulation (MiCa) in the European Union is landmark legislation signed in 2023 and it is the BEGINNING of a 12 to 18 month process that will allow 20% of the global economy to invest in spot BTC ETFs sometime in 2024/25. …And knowing is half the battle

Mentions:#BTC#BIS#USA

Quant QNT is working with Bank of international Settlements, BIS on cbdcs and digital gilts. Think of bis as the central bank of central banks. Look up project agora.

Mentions:#QNT#BIS
r/BitcoinSee Comment

The Bank for International Settlements (BIS) allowed banks to hold 2% Bitcoin come Jan 1st 2% is billions for banks https://www.reddit.com/r/Bitcoin/s/wMadbL3CEP

Mentions:#BIS#CEP

Take a look at QNT. Targeting large banks and firms. Its something like a blockchain operating system and has partnerships with BIS, NEXI and more. Staking is announced and will likely arrive sometime early next year.

Mentions:#QNT#BIS

And they added more people from federal reserve to their team. Plus a guy from Indias central bank and another from BIS 👏🏾

Mentions:#BIS

I'm big on the ISO20022 standard being pushed by the BIS and WEF for the Basel3 compliance. Love it or hate it, central banks play a huge role in the global economy. So that narrows it to XRP XLM XDC QNT HBAR and maybe IOTA POL ADA I'm torn between XRP and HBAR, so do some research and decide for yourself. I'd swap it for CORECHAIN most likely, AERO second choice.

I'm not misunderstanding the word stakeholders. It effectively means people who are heavily invested into Ethereum. Usually by both money and developer time. But possibly just money. My point isn't that they shouldn't have an interest in things my point is that is a very centralized way of governance. My point is that in the bigger scheme of things you can't use the argument of ETH decentralization to pit it against other random alts. It's the biggest alt, it theoretically has the best and brightest developers working on it because of its size. But when a developer on another chain comes up with something novel or when another chain is doing something better than Ethereum you can't run back to "but eth is decentralized!" Because it's just not. It's not in any meaningful way more decentralized than polkadot and in fact may be a worse company to pick as an alt-coin investor *because* of its "decentralization" as compared to a network like polkadot. Sure, polkadot is honest and upfront about saying "yes our network is controlled by our own system but inside our own system the *nodes of operation are decentralized*, and node operators who have a strong vested interest in our platform have a vote and their vote has actual weight." It is *so similar* in practice to the current state of Ethereum it's actually quite ridiculous polkadot has the colloquial label of centralization whereas ETH is somehow branded as decentralized. I've seen it explained elsewhere that Bitcoin is anarchical, polkadot is oligarchical, and systems like cardano are democratic with a leader who can veto any vote. I think this is pretty accurate. What I also think is eth would fit much more into the oligarchical description than anarchical. And unless you fit in the anarchical description I think your company is effectively centralized. Once again, nothing inherently wrong with centralization I just think it's important to point out that ETH is effectively just as centralized as cardano, polkadot, Solana, etc. Okay second thing. What is my main point about how is Ethereum in-league with the multinational institutions? You say it all sounds like hand-waving and sure, maybe you see it that way. That's fine. It's clear we do not share the same vision about that crypto is meant to accomplish in the world. Satoshi pretty clearly did not like or trust central banks. He didn't like the amount of control they have, their ability to debase the currency, the ability to loan at whatever rate they decide on a whim, the amount of trust required to interact with them. This is roughly my stance as well. When I say Ethereum is in league with that type of entity I mean I look at how the network participation is gatekept and what types of things are being built on top of and encouraged by Ethereum and I see "the same old thing." I see a network gatekept by a few thousand elites who can afford to play the game. I see central bank Lido offering 4% apr to lock your money up with a centralized party who is actually making 10-15% with the money you give to them. I see a network who propounded "code is law" roll back their entire network when someone found a vulnerability in their code. I see a central bank in digital form. Countries have no reason to build out a CBDC when Ethereum has built out and is acting as the very thing crypto was invented to eliminate. This is made clear by the BIS planning to use Ethereum to facilitate FX transactions (which obviously if an org as big as the bank of international settlements is releasing press about this then they have taken the time to talk to important figures at Ethereum and those figures have been accommodating). This is made clear by literal founding level members of Ethereum backdoor-selling controlling stakes of wallet/node technology to large banks such as JP Morgan. This is made clear by several tweets by vitalik himself essentially saying "nah the WEF isn't that bad guys you just need to get to know them." This is made clear by that same organizations labeling some coins (Ethereum is one of them) as "responsible," or "sustainable," while not promoting others. This is made clear by them using literally the same language in crypto and davos by promoting "stakeholder economics" which is really just code language for "the rich will control everything and you'll like it (or else)." Ethereum and altcoins like it can be a great tool to gain wealth. But make no mistake they are (mostly) all just altcoins who are willing to ride the coattails of central banks at the end of the day. Use them accordingly then funnel your money back home into BTC where they can't seem to get a foothold no matter how high it climbs. The best they can do is buy-in as well and that benefits hodlers anyway.

Given the BIS are still running projects to explore how to make the banking system quantum resistant, I doubt it is now irrelevant https://www.bis.org/about/bisih/topics/cyber_security/leap.htm Multi layered banking systems with many legacy systems will be much more difficult to upgrade than a single protocol system like Bitcoin.

Mentions:#BIS

You're not wrong, but i believe the train is leaving the station at this point. When it was invented, it was roughly the same time the WEF and BIS agreed on Basel3 and ISO20022 compliance, which is nearing finality, likely end of 2025. Now that we're seeing adoption by big money, and countries implementing CDBCs, i think the on ramp period will be much shorter in comparison. Prior to them, development was mainly done so out of passion and passion doesn't pay much, but you back an idea with a lot of money, and wheels suddenly start spinning.

Mentions:#BIS
r/BitcoinSee Comment

The BIS can ban themselves from Bitcoin, or choose to adopt it. Whatever they decide: >!**Tick Tock, Next Block**!<

Mentions:#BIS

Check my recent comment history about the FASB, BIS and MiC changes. Also, the new generation of BTC-related property loans on the horizon. I think the days of 80% drawdowns are over, but half of that is still possible imo b/c Wall Street’s gonna rattle retail and shake out weak hands. That might age like milk, but if it bear markets 80% I’m selling a kidney to get more!

Mentions:#BIS#BTC
r/BitcoinSee Comment

I believe the following are a part of, or even underscore some of the above: The Financial Accounting Standards Board (FASB): has made changes in accounting practices that will allow for businesses to hold bitcoin on business balance sheets “at fair value” instead of only being accounted for only at a loss as it is now. The new rule takes effect Jan 1st 2025. The practical effects of this is that more big businesses can do what MSTR did, meaning more Wall Street or even main street adoption without the need to invest in the ETFs. The Bank for International Settlements (BIS or the “Central Bank of Central Banks”): has recommended that central banks of all countries hold up to 2% of their assets in bitcoin, stable coins, and other cryptocurrencies. The top three central banks in the world alone: the US federal reserve, the central bank of China and the central bank Japan combined have assets of nearly $20 trillion. 2% percent of that is 400 billion. https://www.bis.org/bcbs/publ/d545.pdf and that clearly only scratches the surface of what the combined spending power of the other 192 nations in the world have. Markets in Crypto Assets regulation (MiCa): The European Union landmark legislation signed in 2023 and the BEGINNING of a 12 to 18 month process will allow 20% of the global economy to invest in spot BTC ETFs sometime in 2024/25. This will make International standards for AML/CFT will be achievable across Europe A seismic shift is occurring under our feet but like the buildup to an earthquake the average person can’t feel it.

r/CryptoCurrencySee Comment

BIS just called uniswap a scam 😂😂 https://x.com/BIS_org/status/1858859040656277835?t=_Qx-aQJQxkbqB6q6Lx_LpQ&s=19 Institutions and the law are about to go ham on everything...better get hip

Mentions:#BIS
r/BitcoinSee Comment

They must be scheming a new evil plan in the backchambers of the BIS and IMF. I can see that BIS fat bastard twiddling his fingers from half a globe away.

Mentions:#BIS
r/CryptoCurrencySee Comment

> Russia is developing a payment infrastructure to bypass Western systems, part of broader de-dollarization efforts. Russia isnt developing it. Its actually developed by BIS aka Bank of International Settlements aka a bank of banks in Europe.

Mentions:#BIS
r/CryptoCurrencySee Comment

Chainlink is a bit late to the party. BIS aka Bank of International Settlememts has already created Project mBridge.

Mentions:#BIS
r/CryptoCurrencySee Comment

This news headline does not match the reality of what's happening across CBDC land. Russia is a member of BIS with full attendance rights even after invading Ukraine. They have not been cut off of central bank research and development projects applied to CBDC proliferation. What does that tell you?

Mentions:#BIS
r/BitcoinSee Comment

It's not just the ECB its the entire central banking conglomerate as prescribed by the Bank of International settlements. Go to the BIS research hub and take a gander on how explicit they are on heavy handed regulation and taxening for crypto assets and how much money and resources they are pouring into CBDC infra and retail adoption.

Mentions:#BIS
r/CryptoCurrencySee Comment

tldr; The Bank for International Settlements (BIS) has issued a cautionary report as financial institutions explore asset tokenization, highlighting concerns over governance, legal frameworks, and financial stability. While tokenization can streamline transactions and reduce costs, it faces legal and regulatory uncertainties. The BIS stresses the need for proper regulation to maintain stability as the sector is projected to grow significantly. Despite risks, institutions like Barclays and HSBC are advancing tokenization projects, underscoring the need for careful oversight. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#BIS#DYOR
r/CryptoCurrencySee Comment

tldr; The Bank for International Settlements (BIS) and the Financial Stability Board (FSB) released papers on tokenization ahead of the G20 meeting. Both emphasized that tokenization is rare, not fully understood, and presents risks similar to traditional finance. The FSB highlighted issues like liquidity and operational fragilities, while the BIS noted potential benefits for safety and efficiency. Both agencies recommended increased monitoring and regulation by central banks. Tokenization is a regulatory priority for 2024. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#BIS#DYOR
r/BitcoinSee Comment

A quick fact that everyone should now: Of the top GDP countries in the EU, Italy was one of the few that aggressively pushed against introducing crypto friendly visas and policies. A reason for this is that the key decision makers of Italy's central bank also happen to be the main drivers of CBDC's and are responsible for much of the focus on blockchain from BIS (BANK OF INTERNATIONAL SETTLEMENTS). Fabio Panetta being a key figure in the middle of all of this.

Mentions:#BIS#BANK
r/BitcoinSee Comment

I’m going to use a gold and silver analogy. In the Middle Ages Silver was typically seen as the people’s money and was used for the vast majority of transactions from bread to horses. Meanwhile gold was used only by the elites so monarchs, lords, and the church. People didn’t just buy bread with gold the elites used it on large purchases and for international trade just as most of us wouldn’t spend our stack of bitcoin on groceries or to buy clothes. We may instead use it and/or convert it to cash in order to purchase a car, a house, or luxury goods the same way gold was used. At the current bitcoin price 1 bitcoin can be traded for 1 sports car. Btc right now is 60k and you can buy a used hellcat for that price or even a used model s plaid though in all honesty a brand new Corolla starts at 22k and that’s a good car! So you could also buy a maximum of 2.7 corollas at today’s btc conversion to USD. Nobody knows what will happen in 20 years time. Back in 2010 someone bought 2 pizzas for 10,000 bitcoin and today that could have bought you 10,000 hellcats. Central banks don’t really hold bitcoin or crypto at all yet. However there was a report from the BIS back in 2022 where it defines different types of crypto assets and also states that central banks should allow a maximum of 2% of tier 1 capital to be used on group 2 crypto assets which bitcoin would be a part of but recommends to keep it below 1%. This according to the report is to be implemented by January 1st 2025. HOWEVER they issued an amendment it seems to push it back to January 2026 based on a press release on July 24th of this year. https://www.bis.org/press/p240717.htm#:~:text=The%20Basel%20Committee%20on%20Banking,date%20of%201%20January%202026. If central banks are truly allowed up to 2% of tier 1 capital to be invested in bitcoin or any group 2 currency as the BIS says it will that is very bullish for bitcoin. Once central banks are allowed to custody it will be an even bigger deal than the spot ETFs being approved in the US. Russia also passed a bill to allow the use of crypto currency in international payments as a way to circumvent sanctions September 1st of this year. https://www.chainalysis.com/blog/russias-cryptocurrency-legislated-sanctions-evasion/ Whether Russia legalizing international crypto payments is because brics+ is seeking to build a gold backed common currency using block chain tech or if they want to use bitcoin for trade is unknown at this point but it could be a mix of both too. Time will tell. A price of 1 million bitcoin is going to be far above gold’s current market cap of 7.5 trillion even after accounting for inflation that will raise both prices in nominal terms. Any amount of dedollarization will devalue the dollar in the long run unless somewhere else someone dollarizes at an equal or greater rate. It’s a lot more than just bitcoin devaluing the dollar it’s also international organizations so there’s no way of knowing how expensive things will be. If someone figures it out they will probably get a prize of some sort whether it be a gunshot wound to the back of the head or if they live long enough to see if they are right they might just earn a prestigious award for economics!

Mentions:#BIS
r/BitcoinSee Comment

Ever saw that odd fellow of the BIS? He looks like he ate the world.

Mentions:#BIS
r/BitcoinSee Comment

No it's not soon it already happened this past year and they joined BIS. Google it for more info.

Mentions:#BIS
r/BitcoinSee Comment

In their report “Prudential Treatment of Crypto Asset Exposures” Dec. 2022 [BIS](https://www.bis.org/bcbs/publ/d545.pdf)

Mentions:#BIS
r/BitcoinSee Comment

BIS sauce link 🔗 pls?

Mentions:#BIS
r/BitcoinSee Comment

Whoa the BIS did what now?!?!?! When did that happen?

Mentions:#BIS
r/BitcoinSee Comment

BIS recommending crypto at 2% of allocation to to the central banks of the world. Accounting Standards Board changing rules for BTC to “Fair Value”. For two more.

Mentions:#BIS#BTC
r/BitcoinSee Comment

It is a bit more complex than listed. When a country files for bankruptcy, the creditors (or other country) do not just wash away the debt. They come into your country and cherry pick what they want. Hopefully your country is in good standing terms with the Bank of International Settlements BIS. Exact same thing happened to Greece 12 years ago to pay back Germany. Greece lied when they joined the EU and got caught red handed. Germany bailed them out and took over their utilities and told them to play buy our rules of paying back you debt. I just cant wait when USA defaults on their debt. Lets give the creditors all that BLM land in Nevada.

Mentions:#BIS#USA#BLM
r/CryptoCurrencySee Comment

I studied economics in n Switzerland for 5 years at the BIS so hereisb my educated prediction. It goes up $5 grand...it then drops $10k..an exchange goes bust...then another turns out to be a big ponzi scheme.. Governments print tons of stimulus money that gets wanked on magic internet money because no one actually earned it..then it goes to shit for 2 years. This time will be different.. bitcoin will $100k on January 13th 2025 @09:13am GMT and will NEVER EVER drop below $65k again so you must buy the dip and remortgage your family home and the US dollar will implode imminently so put every penny you have into it or you will die a peasant.

Mentions:#BIS#GMT#EVER
r/BitcoinSee Comment

You’re thinking about this right. Best way is btc meetups or mining it (usually not worth it given upfront capex, etc.). Non kyc btc atms are an option, but will take effort to build a considerable stack. Once you have non kyc Btc - DO NOT EVER mix those coins with kyc wallet coins. I would be careful with decentralized exchange coins given the risk of future “blacklisting” of specific coins generated from “illegal” activities. That last comment I do not agree with whatsoever, but you can’t trust these fuck head regulators / BIS, etc.

Mentions:#NOT#EVER#BIS
r/CryptoCurrencySee Comment

Have you ever heard of the IMF or the BIS?

Mentions:#BIS
r/CryptoCurrencySee Comment

tldr; A recent tweet by XRP Avengers claimed that the IMF has set the price of XRP in the thousands, drawing parallels to the Gold Fixing process. However, this assertion lacks concrete evidence and is based on speculation. While the IMF and BIS have shown interest in digital currencies, there's no verifiable information to suggest they've set a specific price for XRP. The price of cryptocurrencies like XRP is determined by market dynamics, not by any single entity. Claims of a pre-determined price by the IMF or BIS should be approached with caution. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#XRP#BIS#DYOR
r/CryptoCurrencySee Comment

Saudis have also joined mBridge. I'd be shocked if others didn't build their own CBDCs and eventually integrate into the official BIS mBridge "DEX". I'm just using "BRICS" as a placeholder for "national economies that would like to see less US-dominance of international monetary systems for various reasons -- wether semi-adversarial, avoiding economic weaponry, or just diversification off the US petrodollar as the global standard."

Mentions:#BIS
r/CryptoCurrencySee Comment

Those don't appear to be the [actual inflation adjusted property prices](https://fred.stlouisfed.org/series/QUSR628BIS), they've been tweaked to fit the inflation graph. Besides that you wouldn't use inflation adjusted prices to prove a correlation with money printing, you'd use the dollar price. The inflation adjusted housing price skyrocketing like that means that the price of housing is exceeding inflation generally. It's also the residential property price, and doesn't cover cost of housing more broadly, which includes things like rental prices. It also misses that this is a country wide average, and cost of housing is generally very location dependent. Just this graph of the costs of different chicago counties shows that some counties have followed the national trend, while others have been much more muted: https://price-index.housingstudies.org/ For example housing prices in NYC have roughly doubled since 2010: https://fred.stlouisfed.org/series/NYSTHPI while the cost of a house in Iowa looks very different until 2021: https://fred.stlouisfed.org/series/IASTHPI (which probably has more to do with remote work and COVID than anything else).

Mentions:#BIS
r/BitcoinSee Comment

I’m not sure it’s a matter of what backs their currency, but rather to what degree they do the fractional reserve trick. I agree the banks won’t have a choice, but they and the BIS will force everyone into CBDCs with a global opaque blockchain. They will determine what has value, the CBDC, irrespective of any backing. Either the Fed will create and manage them, or more likely, the Fed will say, under pressure, “See, we’re not rolling out a CBDC,” but the commercial banks will. They have no interest in the transparency and decentralized nature of BTC. Since they have unlimited cash, they have no reason to listen to what their depositors want. It’s a top-down control grid, where we work for the banks. I don’t have any confidence the current system will survive in a recognizable form in five years.

Mentions:#BIS#BTC
r/CryptoCurrencySee Comment

You mean this? Yeah you should really go through the documents https://x.com/SMQKEDQG/status/1799031046518067643?t=ALRP9xlcr2TpGBrJrShgToIBikwOIrIlixQLmrK0izc&s=19 You dont understand financial architecture. There isnt a one size fit all for everything. Parts are being played across a TECH STACK. And it takes TIME to get everything together to do this. They literally REDOING EVERYTHING, go read the BIS reports. Theyv put out like 10 this year. Like i said. Everyone will be successful together.

r/CryptoCurrencySee Comment

Banks don't run the world. The BIS in Basel, Switzerland runs almost all central banks with two exceptions: Iran and North Korea.

Mentions:#BIS
r/CryptoCurrencySee Comment

xrp is being used by several countries. ie Thailand is using it with SIAM Commercial bank for settlements with the BIS in Europe. it's called Mbridge. I don't think it gets any bigger than this. So have a read up on it and DYOR before apping in

Mentions:#BIS#DYOR
r/BitcoinSee Comment

Understand a problem before seeking to fix it. Fiat debt slavery means your government is owned by the bankers who control the fiat system. They control your government via IMF, BIS and other instruments of banker hegemony. If your country is in crisis these bankers will be imposing further restrictions on your nations sovereignty. The only way to get free is to gradually build up the strength and resilience of your nation and its economy and that can be done with Bitcoin but it will take time and will not instantly cure a nation already deeply in debt to the transnational fiat bankers cartel.

Mentions:#BIS
r/BitcoinSee Comment

The US is falling right now. 3% inflation is just silly. Look at the price of food, gas and housing, and everything else they happen to leave out of the basket. See my CBDC video I just sent you. It's global, not national. The BIS is the central bank of all central banks. I agree that the US bullies nations into compliance (Iraq, Libya...) but judging by the rate of countries joining BRICS, the world is getting fed up with us. Can't spend much more time on this. Good luck.

Mentions:#BIS
r/BitcoinSee Comment

I mentioned BTC because it's one way of tranacting outside of fiat, like: https://www.egifter.com/buy-gift-cards-with-bitcoin As far as no correlation, not yet. Why do you suppose they want to outlaw cash? This is the head of the BIS describing the difference between cash and CBDCs. It's about absolute control: https://odysee.com/@ChrisBorg:a/Bank-for-International-Settlements-head-Agustin-Carstens-about-CBDC-and-control:f Respectfully, you're not seeing where this is going. UBI->CBDC->social credit. Once the QR code system is completed and needed to enter a facility, buy food, travel, it's trivial to connect CBDCs to it, and with them come controls like where you can spend, what you can and can't buy, negative interest rates on your bank account, and that's just the beginning. It will be programmable money with expration dates to prevent saving. If you want to see what tomorrow looks like, look at China today. Keep researching, my friend.

Mentions:#BTC#BIS#UBI
r/BitcoinSee Comment

Not being able to pay taxes in USD isn't a reason for it never to be worthless. The WEF and BIS are supra-national organizations who will be determining which currency is valid. Throughout history "legal" currencies change. The USD is being destroyed right now. Soon, as more countries join BRICS, I think the USD will become worthless. CBDCs will have nothing to do with the USD, and they are most certainly not the same thing. If they have their way, the CBDC will be the world's reserve currency, not the USD.

Mentions:#WEF#BIS
r/BitcoinSee Comment

Are you not being delusional OP? Lets look at some facts instead of tirede US exceptionalism and denial of reality. The facts- Chinas economy is already bigger and stronger than the USA. China produces most of the manufactured goods at a price nobody else can compete with and buys most of the commodities at prices nobody can compete with. China dominates in many markets because of its size and can thus control and influence those markets to its advantage, and it does. China has recorded over 3 decades of rapidly growing trade deficits. 90% of the Chinese politburo are trained engineers. They are building global infrastructure and Chinese fiat capital is directed deliberately towards that infrastructure. FFS they are building the UKs first new nuclear power plant since the 1970s- the neoliberalised west has tragically lost the ability to build actual infrastructure in an effective manner. In the west the bankers control capital issuance and they have issued it toward non productive debt, not productive purposes. Blatant misuse of fiat monetary leverage, but easy profits for the banks that own your government. The USA has consequently recorded ever growing trade deficits for over 50 years and has only remained a viable economy because of its capture and control over the international financial protocols and institutional framework- SWIFT, IMF, WB, BIS. China has been building alternative financial channels and protocols and now provides trade liquidity to Iran, Russia, and N.Korea. Without Chinas support Russia and Iran would be unable to sponsor the proxy wars they are now engaged in with US supported nations Ukraine and Israel. Make no mistake there is a contest for domination and control of the global trade payments networks- ie monetary hegemony- because monetary hegemony is the ultimate prize and strategic asset of military and mercantile conflict. While the outcome is at this stage not yet decided on many metrics the USA looks shambolic, divided, blind and in denial of reality - and thus very likely to lose its legacy monetary system hegemony with the emergence of a multi polar world if not one outright dominated by China.

r/BitcoinSee Comment

The Bank of International Settlements, BIS, released a report titled “ Prudential Treatment of Crypto Asset Exposure.” Crypto assets will be grouped in two categories: Group 1 and Group 2. This exposure limit is currently set at not more than 2% of the bank's total capital. (Still billions of $) Guidelines listed in the report are to be implementedby the 1st of January 2025 Banks hold baskets of different currencies & assets so this is surprising, who would have ever thought they hold Bitcoin Group 1 (a) crypto assets will include tokenized security assets such as stocks and bonds. Group 1 (b) will include centralized stablecoins. Group 2 (a) crypto assets include all decentralized cryptocurrencies as such Bitcoin. Bank for International Settlements (BIS) is the central bank of central banks basically https://www.bis.org/bcbs/publ/d545.pdf https://m.investing.com/news/cryptocurrency-news/bis-allows-banks-to-hold-2-of-their-reserves-in-cryptocurrencies-2966647?ampMode=1

Mentions:#BIS
r/BitcoinSee Comment

The Bank of International Settlements, BIS, released a report titled “ Prudential Treatment of Crypto Asset Exposure.” Crypto assets will be grouped in two categories: Group 1 and Group 2. This exposure limit is currently set at not more than 2% of the bank's total capital. Group 1 (a) crypto assets will include tokenized security assets such as stocks and bonds. Group 1 (b) will include centralized stablecoins. Group 2 (a) crypto assets include all decentralized cryptocurrencies as such Bitcoin. Bank for International Settlements (BIS) is an international financial institution which is owned by member central banks. The central bank of central banks basically https://www.bis.org/bcbs/publ/d545.pdf

Mentions:#BIS
r/CryptoCurrencySee Comment

It's good to see the BIS weighing in here with the downvotes. :)

Mentions:#BIS
r/CryptoCurrencySee Comment

tldr; A recent survey by the Bank for International Settlements (BIS) reveals that 94% of central banks are now exploring the creation of central bank digital currencies (CBDCs), up from 90% in 2021. The survey indicates a preference for initially issuing a wholesale CBDC for institutions, with considerations for a retail CBDC for public use to follow. Factors such as holding limits, interoperability, offline options, and zero remuneration for retail CBDCs are being considered. Despite the rise of stablecoins, they remain infrequently used outside the crypto ecosystem, underscoring the growing significance of CBDCs in the global financial system. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#BIS#DYOR
r/CryptoCurrencySee Comment

tldr; Project mBridge, a collaboration between the BIS Innovation Hub, Bank of Thailand, Central Bank of the UAE, People's Bank of China, and Hong Kong Monetary Authority, has reached the minimum viable product (MVP) stage. It aims to facilitate instant cross-border payments and settlements through a multi-central bank digital currency (CBDC) platform using distributed ledger technology. The Saudi Central Bank has joined as a full participant, and the project now has over 26 observing members. The platform, built on the mBridge Ledger, supports real-time, peer-to-peer transactions and is compatible with the Ethereum Virtual Machine. Project mBridge invites private sector firms to propose new solutions and use cases as it moves into the MVP stage. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#BIS#MVP#DYOR
r/CryptoCurrencySee Comment

Project Rosalind was a low experiment done by one of BIS' regional innovation centres, which was london (Quant is UK based, go figure). They were listed as a vendor but werent mentioned anywhere else, including any diagrams. We dont know anything about their interoperability solution. If they did in fact solve interoperability, how come not one public chain uses them? How come no one is using their amazing services? The fact is that they push a solution called SATP, which is inherently flawed because their gateway hold assets. CCIP does not do this. Quants most recent work with R3, creating the "RLN" is just another siloed chain. The CEO has already admitted this.

Mentions:#BIS#CEO
r/CryptoCurrencySee Comment

Always good to diversify. But LINK is a strong hold. That is unless the BIS partners with QNT instead.

Mentions:#LINK#BIS#QNT
r/CryptoCurrencySee Comment

Gilbert is more enterprise focused and already solved interoperability for BIS. Nice choices

Mentions:#BIS
r/CryptoCurrencySee Comment

The price action of XRP doesn’t tell the story and I believe this is a deliberate strategy in which Ripple has been using their escrow (token reserves) to sell into strength to keep the price stable because people like you and me want quick returns and will overlook it or get shaken out of conviction by the next shiny new toy. The simple fact is XRP isn’t built for you and me (consumers), it’s built for the international banking system institutions and it won’t reach full adoption until there is regulatory clarity which they’ve been fighting for via litigation which will soon come to a close. If you do a bit of research and understand legalese you’ll see that Ripple is currently fighting disclosure of their client list they had to produce during discovery citing ‘competitive concerns’. If you research beyond that you can find they’ve been piloting XRP’s DLT with the who’s who of international finance including the BIS and the wire-houses on Wall Street who’ve spoken about them at industry think tank conferences, WEF in Davos etc. I’m far from a tin-foil hat person but where there is smoke there is usually fire. You have to ask yourself why perceived Main Street investors would keep $30b of capital tied up in this ‘zombie project’ returning single digit margins keeping it in the top 10 without merit? I believe it is because this is Wall Streets sleeping giant that will boom once the final lynchpin (US reg clarity) is complete. I might be wrong, but this is one coin I would rather be caught with than caught without because the risk/return is so asymmetrical.

Mentions:#XRP#DLT#BIS
r/CryptoMarketsSee Comment

People hate on it because they think it's centralised (it's not) and that it's a bankers coin (meh). I can kinda see there last argument but isn't the point of crypto to be a financial used asset? We will always need banks and it's inevitable that crypto and banking will be as one eventually. People may not like the WEF or BIS but if ripple is working with them and hundreds of other banks and organisation's, then that should show you how much potential ripple and XRP has. People who shit on XRP don't follow the news and partnerships ripple are in so still think it's a centralised bankers coin with poor tokenomics, when it's tokenomics actually help with solving the liquidity problem that the banks are facing. People might say it goes against crypto and be your own bank but truth be told the banks will always win. And as for people pointing to TA and saying the chart looks terrible also don't know the potential and aren't looking at the macro. We're at the end of a descending wedge, getting squeezed ready for a big move and with it being bull season very soon, it's gonna be a big move up in my opinion. I'm sure someone will chime in and tell you how bad it is based purely off how ''badly'' it's performed compared to others, but then I'd just point out the case and the constant fud XRP has faced despite all the partnerships and projects ripple are involved with. It's safer to be in a little bit than not in at all.

Mentions:#BIS#XRP
r/CryptoCurrencySee Comment

Fuck man. Quant is going to take off within the next year. Its been chosen by the UK banking system and BIS for the new Finternet. And that's just a small part. There's going to be trillions of dollars moving through the Quant system and if you have a gateway you're gonna be fucking minted. Don't sell your quant if you still have them.

Mentions:#BIS
r/CryptoCurrencySee Comment

>adding the latest test is “incrementally more important” than earlier trials such as JPMorgan’s onyx **private blockchain and unified ledger**, a concept introduced by the Bank of International Settlements (BIS) last year. yes. lets do exactly that.

Mentions:#BIS
r/BitcoinSee Comment

Beyond the US ETFs… and I’ll keep listing these: The bank of international settlements (BIS) allowing central banks to hold 2% in various cryptocurrencies, but mainly BTC. Financial Accounting Standards Board (FASB) changing the accounting standards for holding bitcoin on balance sheets to “fair value“ The European Union’s Markets in Crypto Assets (MiCA) legislation - landmark regulatory clarity for all the countries of the European Union. The sets of template for non-European Union countries too. Hong Kong and Australia ETFs Germany’s Public Pension fund… Bhutan’s new investments and improvements to the crypto mining that they were revealed to be doing last year. And this hits just keep… on… COMING!! By next cycle (and it is a cycle), all hell will have broken lose! Strap in lads!

Mentions:#BIS#BTC
r/CryptoCurrencySee Comment

tldr; JP Morgan's Umar Farooq and Circle's Dante Disparte discussed the Unified Ledger concept at the BIS Innovation Summit, highlighting its necessity for large transactions and accountability in financial systems. Farooq criticized public blockchains for their lack of suitability for large transactions due to the absence of recourse and accountability. He also pointed out the challenges with tokenomics and the need for technology to be seen as a public good. The discussion also touched on the importance of including both central banks and private institutions in shared networks, and the geopolitical implications of global payments systems. The Unified Ledger aims to support central bank money, tokenized deposits, and digital assets on a single network, addressing inefficiencies in current systems. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#JP#BIS#DYOR
r/BitcoinSee Comment

Not unless the BIS or IMF have fully co-opted it. You think Governments are going to peacefully relinquish their monopoly on the monetary system? lol

Mentions:#BIS
r/BitcoinSee Comment

"Central Banks would obviously be Governments." That's false, central banks don't equal governments. The FED is the central bank of the US but is a private institution, the ECB is not a government as isn't the BIS which is owned by all central banks and is basically their central bank - and there are many more examples. They all might hold gold *on behalf* of their government but that's it.

Mentions:#BIS
r/CryptoCurrencySee Comment

https://www.bankofcanada.ca/wp-content/uploads/2021/12/sdp2021-17.pdf For these reasons, policy-makers have begun to consider whether traditional currencies could be at risk of losing their domestic market share to more attractive digital alternatives. In this context, CBDCs are increasingly being viewed as a defensive tool for protecting monetary sovereignty against both private stablecoins and foreign CBDCs. As the Bank of Canada (2020a) noted, “if one or more alternative digital currencies threatened to become widely used as an alternative to the Canadian dollar […] then a CBDC could be one mechanism to defend monetary sovereignty.” A broader group of central banks—including the United States Federal Reserve, European Central Bank (ECB), Bank of England, Bank of Japan and others—has also invoked monetary sovereignty as a potential motivation for CBDCs (BIS 2020). So too has the People’s Bank of China, whose director of digital currency research noted that a key reason to create a CBDC is “to protect or safeguard our monetary sovereignty” (The Economist 2021). Brunnermeier, James and Landau (2019a) apply this logic more generally, sta be Brunnermeier, James and Landau (2019a) apply this logic more generally.

Mentions:#BIS
r/CryptoCurrencySee Comment

Yeah… ETFs in the US and Hong Kong, BIS changes, FASB changes, MiCA legislation… all mentioned by me (feel free to look them up) and I STILL don’t think we’re bucking the market cap to the level OP mentioned because of… Math. I’d love to be wrong but with my time preference, it doesn’t matter. BTC will get there eventually, just not this cycle imo.

Mentions:#BIS#OP#BTC
r/CryptoCurrencySee Comment

…and FASB changes, and BIS changes, and HK ETFs, and MiCA legislation and…. other positives OVER TIME, but it’s simply not going to blow the market cap to Pluto this cycle because - math. Low time preferences is your greatest ally here. I hope you’re ready I am.

Mentions:#BIS#HK#TIME
r/CryptoCurrencySee Comment

Fees are supposed to replace block rewards gradually over time to cover the miners. As far as driving the market, I posted a detailed description of the recent and upcoming catalysts just yesterday. The TLDR is: FASB and BIS changes, ETFs in the US and China and MiCA legislation in the EU. Oh, and some recent progress in Switzerland. Check it out.

Mentions:#BIS
r/CryptoCurrencySee Comment

Some acronyms for you to look into, you know one already (ETF) but you might want to look into the other two: FASB and BIS… there’s a lot gonna change in the next few months.

Mentions:#ETF#BIS
r/BitcoinSee Comment

Agustín Carstens, the General Manager of the BIS

Mentions:#BIS
r/CryptoCurrencySee Comment

I don't understand your argument. Why is legitimacy relevant in the game of capitalism - if 90% of investors lose money, regardless? Many "legit" businesses have traded at a stable price for decades. In a free market, why should the government get to decide whether you, on average, lose 90% (Sebi study) of the time on the stock market, or lose 80% (BIS study) of the time in the crypto market? Regardless, my main point stands, the UK restricts these freedoms whilst allowing promotion of gambling where you lose 95-99.9% of the tine

Mentions:#BIS
r/BitcoinSee Comment

My bet is dump… first. The big pump comes months after the halving iirc. But, with ETFs, FASB changes and BIS opening up Central Banks to a 2% cap… maybe it’ll be different this time!

Mentions:#BIS
r/BitcoinSee Comment

A recent meeting… the important part is when the change takes effect: December 15 2024. Now ask when the BIS, the Bank of International Settlements’ rule change allowing central banks to hold up to 2% crypto takes place.

Mentions:#BIS
r/BitcoinSee Comment

That and their advertising blitz which is in the works. Beyond that, and I will keep posting this… the Financial Accounting Standards Board (FASB) has changed their rules to allow BTC on corporate books “at fair value” whereas before this change, a company could only claim losses (even unrealized losses) on BTC in their quarterly reports but NOT gains. This was lose-lose to anyone responsible for keeping a large business profitable. Now that they can report gains as well as losses they’re more likely to add Bitcoin to their balance sheets. Then there is their is the 2% rule from the Bank of International Settlements (BIS) which allows central banks to hold 2% cryptocurrency on their books(and even more stable coins iirc) that’s an additional $81 billion flowing into the crypto market if my math os correct. Although I’m not sure off the top of my head when the FASB rules change takes effect, Jan 1st 2025 is when the BIS rule does. To be clear: the BIS rule could be BAD for BTC because it’s about “crypto” not BTC exclusively and the BIS hates the crypto market so I believe there is nefarious intent, I just think it will backfire. Any entity that joins the BTC network makes it stronger, rather than weaker imo. [BIS report](https://www.bis.org/bcbs/publ/d545.htm)

Mentions:#BTC#BIS#BAD
r/BitcoinSee Comment

BlackRock and ten other big shot ETFs… the FASB making Bitcoin “fair value” for companies, the BIS allowing 2% for central banks to hold… what’s next? More nation states making it legal tender? BULLISH

Mentions:#BIS
r/BitcoinSee Comment

The Bank for International Settlements (BIS) has approved something like 2% (?) allocation for its members starting in January 2025… 283 short days away before another major catalyst hits. It explains some of the ATH pump now, alongside ETF and FASB hype.

Mentions:#BIS#ATH#ETF
r/CryptoCurrencySee Comment

I got into this micro cap called $XX Network. They were testing providing privacy for CBDC’s with the BIS. So I figured it’d be a good investment. Bought some around 22 cents. A year later it was 2 cents but it has bounced to 27 cents since. So I’m about even. Pretty lame. They’re supposedly still working with the BIS so hopefully later in the bull run there’s a good narrative for them. It’s still microcap too.

Mentions:#XX#BIS
r/BitcoinSee Comment

We are missing the “bitcoin is going to fucking zero” guy. Daniel something I think. And also Klaus Schwab, the fat BIS guy, Yellen, LaGarde, hell there are a lot of them. But my favorite is probably Peter Zeihan. Imagine being so wrong and so smug at the same time.

Mentions:#BIS
r/BitcoinSee Comment

Until they don't... The BRICS nations are already dumping their dollars and stacking gold. Every other civilized nation in the world outside of the West and the grip of the BIS and World Bank has watched this country print dollars to oblivion. They understand what that means. Americans do not. They just want mor stimmy checks and UBI.

Mentions:#BIS#UBI
r/BitcoinSee Comment

Thanks for the insights! Yes, though not perfect, local government is always to some extent liable to their actions. But unelected bureaucrats in Brussels or at supra-national institutions like the BIS can influence local decisions, and that's a situation I don't know how to plan for

Mentions:#BIS
r/BitcoinSee Comment

“nation state wants to distory bitcoin” They won’t use a 51% attack to do so, far too difficult, hashrate far too distributed, and relies too too much luck and favourable timing anyway. The attack vector is trying to paint PoW as an unnecessary waste of energy, link it to the climate crisis and regulate it away…which will also fail, but it wont stop them trying, Watch the ECB, EU commission, BIS, and US EIA, all will make further moves on this in next couple of years.

Mentions:#BIS
r/CryptoCurrencySee Comment

But USA is that bad. The only reason we don't know for sure yet is just like 2008. Mayb 2007. Mayb before. Either way they knew the truth and said nothing. Until their affairs in order. Movie. The big short. They showed it. This time we had covid. Usd supply increased by 40% in just 2yrs. 2020 ish. But usd value didn't change much. Which is master manipulation at work. Usa printed its way out of great depression then lived off the world's GDP on promise of bonds. Shovel your nations GDP to USA. They pay you intrest in 30yrs. But every year is 30yrs. Right. Every year little bonds paid off little bonds sold off. Nobody actually gets paid back? Hey usa. Yes you. How about one year where you just pay your bills? The US govt WOULD AGAIN executive order Americans wealth to the govt wouldn't they. They've done it before. This time they'll be all like...... Executive order you Americans must surrender your bitcoins to the local authority. usa needs you. 😆 🤣 Apart of the manipulation is convincing the rest of the world USD is safe. Its the best they can hope for anyway. So when they panic sell their currency bcos its junk they swap to USD I think that props up USD. Just the counterfeit usd on the world market is insane. Secret service can't keep up. Turkey. Bangladesh. Ukraine. Russia. Just afew nations who looked to the dollar. Or crypto more now too. Rather than watch their money banished. To inflation cos when the govt needs money they don't need your money. They'll just first edition print new money and sell them under you. So your value is less even if the amount is higher. Then on top of all that the BIS told us 100 trillion is missing gone. From global debt. Then they STFU didn't they. Ww3 first boys. Then we'll look at fixing the money

Mentions:#USA#BIS
r/CryptoCurrencySee Comment

Okay so mBridge is an EVM-compatible solution that also uses Solidity programming language. Could it just be Ethereum under the hood? I didn't expect ETH be used in a centralized transaction. Just Google mBridge and read it from the BIS PDF file.

Mentions:#ETH#BIS
r/BitcoinSee Comment

Here's a fun fact: The BIS (Bank of International Settlements) already gave out standardized rules for how much bitcoin the central banks around the world may own, which is capped at 2%. Coming into effect 01.01.2025! Source: https://www.bis.org/

Mentions:#BIS