๐ซOn Tuesday, October 3, the Bank for International Settlements (BIS) announced Project Atlas, which made a big impact in the crypto community.
โขDeveloped in collaboration with De Nederlandsche Bank and Deutsche Bundesbank, this comprehensive data platform aims to monitor and analyze international flows of global crypto assets.
By combining on-chain and off-chain data, Project Atlas provides a detailed view of the crypto landscape, potentially helping detect fraud, ensuring financial stability and providing valuable information for policymakers. But while this surveillance capability brings transparency and security, it also raises questions around privacy and autonomy that many in the crypto community care about.
โขDeveloped in collaboration with De Nederlandsche Bank and Deutsche Bundesbank, this comprehensive data platform aims to monitor and analyze international flows of global crypto assets.
By combining on-chain and off-chain data, Project Atlas provides a detailed view of the crypto landscape, potentially helping detect fraud, ensuring financial stability and providing valuable information for policymakers. But while this surveillance capability brings transparency and security, it also raises questions around privacy and autonomy that many in the crypto community care about.