January 26, 2022
In 2022, the Bank for International Settlements (BIS) Innovation Hub will begin new projects into central bank digital currencies (CBDCs), next-generation payments systems and Decentralised Finance (DeFi), expanding its portfolio of explorations seeking to develop new technological public goods for central banks.
Here is what you need to know
- CBDCs and improvements in payments systems continue to be an area of exploratory focus, accounting for 13 out of 17 projects that were active in 2021 or will be launched in 2022, BIS said in a statement.
- This reflects the interests and priorities of BIS member central banks.
- One of the highlights of the 2022 agenda is the second BIS Innovation Summit, “Money, Technology, and Innovation” to be held on March 22-23, bringing together senior leaders from the public and private sector and academia.
- Projects across the centers will include: Switzerland, Singapore, Hong Kong, London , and Nordic hub centers. The Innovation Hub will also continue the Techsprint initiative under the Indonesian G20 presidency this year to improve cross-border payments, it said.
About the author
Priyanka Shetty is a full-time communication professional and a part-time crypto writer based in Bengaluru. She can write about crypto but not so much about herself. She says she is just a girl who wants to meet your dog.