Search results for BIS
Crypto
BIS tests XRP Ledger to verify tampering in economic statistics
The Bank for International Settlements has tested XRP Ledger as a public verification layer to check whether official economic statistics data have been altered. The system records fingerprint information for official datasets on a blockchain, then compares it with files users download to confirm they match the issuer’s original. BIS ran a proof of concept on XRPL’s devnet, reported seconds-long publishing and verification times, and said the work is not an adoption announcement.
Games & Commerce
Toss Bank posts record first-half net profit of 58.9 billion won
Toss Bank posted a first-half net profit of 58.9 billion won, its highest for any half-year, up 46 percent from a year earlier. Second-quarter net profit rose to 29.4 billion won. Loans outstanding increased 3.3 percent, while policy finance supply expanded and the share of guaranteed loans rose. Deposits fell year on year. Asset quality improved, with delinquencies and NPL ratios lower.
Crypto
BIS says stablecoins still fall short as payment tool, tokenised deposits back in focus
The head of the Bank for International Settlements said stablecoins lack reliability as a large-scale payment method and argued tokenised deposits are a stronger option that can use tokenisation while preserving the foundations of the monetary system. He said stablecoins may struggle to serve as everyday money and warned that shifts from bank deposits could raise banks’ funding costs and lift borrowing rates. He also cited interoperability and anti-money-laundering challenges and potential risks to monetary sovereignty.
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Finance
Savings banks post 765.8 billion won net profit in first half, delinquency rate improves
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Crypto
Russia to roll out digital rouble payments from Sept 1; crypto payment ban remains
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Crypto
Banks and regulators launch quantum-resistant crypto project
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AI & Enterprise
Nvidia weighs investment in Mercury at $20 billion valuation
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Finance
SC First Bank H1 net profit doubles to 424.4 billion won
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Finance
KB Kookmin Bank validates deposit token payments with Japan\'s MUFG Bank
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Finance
Kbank first-half net profit falls; SOHO loans double in a year
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Finance
BIS says AI spread makes central bank policy criteria more complex
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Crypto
Bitcoin miners speed shift to AI data centres, opportunity cost may rise
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Finance
Woori Financial first-half net profit 1.61 trillion won, non-bank contribution rises to 22.3%
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Finance
Hana Financial posts 2.4029 trillion won first-half net profit, fee income up 37.7 percent
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Finance
KB Financial first-half net profit 3.88 trillion won, non-bank contribution 44 percent
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Finance
Shinhan Financial first-half net profit rises 13.3 percent on strong brokerage
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Crypto
Dollar stablecoins could undermine emerging market monetary sovereignty, BIS warns
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AI & Enterprise
Zhipu builds 1-GW AI data centre using only Chinese-made chips; shares surge 37 percent