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Tag: risks

Project Agorá: The Largest BIS Experiment Merging Tokenized Deposits and Wholesale CBDC

Project Agorá, launched in April 2024 by the BIS Innovation Hub, is its largest public-private collaboration, testing a multi-currency unified ledger for wholesale cross-border payments. It builds on the BIS's "unified ledger" concept, exploring how tokenization and programmability can modernize correspondent banking without replacing the two-tier monetary system (commercial banks and central banks). This…

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MiCA Explained: How EU Crypto Rules Separate Bitcoin From XRP Compliance

MiCA (Markets in Crypto-Assets Regulation (EU) 2023/1114) is the EU’s comprehensive framework for crypto-assets not already regulated under traditional financial laws (e.g., not securities under MiFID II). It entered into force in stages: issuer rules for stablecoins from 30 June 2024, and rules for other crypto-assets plus Crypto-Asset Service Providers (CASPs) from 30 December 2024.…

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