Central Bank Pushback Intensifies Against BIS Innovation Hub Initiatives

As the world’s central banks grapple with the rapid pace of digital innovation, a notable backlash has emerged against the Bank for International Settlements (BIS) Innovation Hub. This initiative, aimed at fostering the development of new financial technologies and central bank digital currencies (CBDCs), is facing increasing scrutiny and resistance from various national authorities. Critics argue that the BIS’s approach may undermine their monetary policies and regional financial stability.

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