The Bank for International Settlements (BIS) has announced the joint establishment of Project Atlas by the central banks of the Netherlands and Germany. Project Atlas is a system designed to monitor transaction data, both on-chain and off-chain, between cryptocurrency exchanges. This system creates a dashboard that provides insights into various data points, such as the volume of Bitcoin being converted to U.S. dollars in specific regions at specific times. The goal of Project Atlas is to enhance the understanding of cryptocurrency activities and transactions, which can be valuable for shaping future cryptocurrency regulations.