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Central banker conference to examine ‘safe DeFi’ and CBDCs next week

A group of central bank officials is set to discuss decentralized finance and CBDCs during a virtual event on Monday.  The Bank for International Settlements (BIS) will livestream a conference from Zurich called “Does Safe DeFi Require CBDCs?” The event will examine how DeFi markets may evolve and what roles central banks and Central Bank Digital Currencies may play in creating a secure environment. The Basel, Switzerland-based BIS, which is owned by central banks, will host seminars explaining DeFi, recent …

Swiss central bank trials wholesale CBDC with BIS and commercial lenders

The Swiss National Bank (SNB) has successfully tested the integration of a wholesale central bank digital currency (CBDC) settlement with commercial banks. According to an announcement by the Bank for International Settlements (BIS) on Thursday, the successful trial was a major part of the second phase of Project Helvetia that aims to integrate tokenized financial assets with mainstream markets. The BIS joined five commercial banks — Goldman Sachs, Credit Suisse, Citi, UBS, and Hypothekarbank Lenzburg — as well as the …