🌐 Bank for International Settlements (BIS) reveals Project Atlas, a decentralized finance data platform that could underpin future crypto regulations! 💼
- BIS, along with Dutch and German central banks, used Project Atlas to map out significant off-chain international flows between crypto exchanges.
- Cecilia Skingsley, head of the BIS Innovation Hub, said the platform is a "new and important public good for central banks globally."
- The study found that identified flows between crypto exchanges are "significant and substantial economically."
- Central bankers aim to gain better knowledge of risks in markets that are often hard to understand, especially after recent crises like the FTX exchange collapse.
What do you think about Project Atlas and its potential impact on crypto regulations? Share your thoughts in the comments! 👇
- BIS, along with Dutch and German central banks, used Project Atlas to map out significant off-chain international flows between crypto exchanges.
- Cecilia Skingsley, head of the BIS Innovation Hub, said the platform is a "new and important public good for central banks globally."
- The study found that identified flows between crypto exchanges are "significant and substantial economically."
- Central bankers aim to gain better knowledge of risks in markets that are often hard to understand, especially after recent crises like the FTX exchange collapse.
What do you think about Project Atlas and its potential impact on crypto regulations? Share your thoughts in the comments! 👇