The Bank for International Settlements has appointed IMF veteran Tommaso Mancini-Griffoli as the next head of its Innovation Hub, effective March 2026, signaling a major acceleration in global central bank digital currency development. The appointment brings one of the world’s most influential digital money economists to lead the BIS’s technological exploration for central banks worldwide, focusing on CBDCs, tokenized assets, and next-generation financial infrastructure.
about BIS Appoints Digital Currency Expert to Lead Innovation HubBIS
0 in Finance and 0 in Crypto last weekCircle Launches Onchain FX Platform with Stablecoins
Circle is expanding into the massive foreign exchange market with new onchain infrastructure, positioning stablecoins as a tool to modernize one of traditional finance’s most entrenched systems. The company aims to provide institutions deeper global liquidity access while reducing intermediaries and counterparty risk in the $9.6 trillion daily FX market, representing a significant bridge between cryptocurrency infrastructure and traditional finance’s largest market.
about Circle Launches Onchain FX Platform with StablecoinsG20 Watchdog: Privacy Laws Hinder Crypto Regulation
Global financial authorities are confronting a formidable challenge in cryptocurrency regulation as privacy laws create significant barriers to cross-border cooperation, according to the G20’s financial risk watchdog. The Financial Stability Board’s comprehensive review reveals that sixteen years after Bitcoin’s debut, inconsistent regulatory approaches across jurisdictions continue to foster regulatory arbitrage, data gaps, and market fragmentation, undermining effective oversight of the rapidly evolving digital asset landscape.
about G20 Watchdog: Privacy Laws Hinder Crypto RegulationEU Warns of Stablecoin Risks, Urges Policy Action
European regulators have issued a stark warning about vulnerabilities in cross-border stablecoin schemes that could trigger systemic shocks. The European Systemic Risk Board chaired by ECB President Christine Lagarde calls for urgent policy action to address potential redemption pressures. With the stablecoin market now exceeding $300 billion, regulators fear insufficient reserves could force central bank intervention.
about EU Warns of Stablecoin Risks, Urges Policy ActionBIS Warns of Stock-Bond Disconnect Amid Debt Fears
The Bank for International Settlements has issued a stark warning about the growing chasm between record-high global equity markets and bond markets that are flashing red signals about government debt sustainability. This alarming divergence comes as credit rating agencies downgrade both the United States and France, reflecting mounting concerns about fiscal outlooks in major economies that stock investors appear to be ignoring.
about BIS Warns of Stock-Bond Disconnect Amid Debt FearsBIS warns of mounting disconnect between debt and stock markets
The Bank for International Settlements has issued a stark warning about a dangerous divergence developing between record-high global stock prices and bond market signals flashing red over government debt sustainability. Rising long-term bond yields reflect mounting investor anxiety about fiscal outlooks, with recent credit rating downgrades for both the United States and France underscoring these deepening concerns about sovereign debt levels.
about BIS warns of mounting disconnect between debt and stock marketsFed Hosts Payments Innovation Conference on Emerging Tech
The Federal Reserve Board announced a conference on October 21 focused on innovations in U.S. payment systems, featuring discussions on stablecoins, tokenized assets, AI in payments, and the convergence of traditional and decentralized finance. Governor Christopher Waller highlighted the constant evolution of payments to serve consumer and business demands. The conference, which will be livestreamed, brings together regulators, academics, and industry participants to improve payment safety and efficiency. This event is part of a broader regulatory push in Q4, including initiatives from the SEC, CFTC, BIS, and MAS, reflecting a unified policy approach to digital assets and traditional payments.
about Fed Hosts Payments Innovation Conference on Emerging TechTornado Cash Founder Guilty: Legal Precedent Set
In August 2025, the US District Court convicted Tornado Cash co-founder Roman Storm for conspiracy related to unlicensed money transmission and sanctions violations. The case centers on whether developers can be held liable for misuse of their open-source code. Critics argue the ruling sets a dangerous precedent, potentially stifling innovation by exposing developers to legal risks for third-party misuse. Tornado Cash, an Ethereum-based privacy tool, has been scrutinized for enabling money laundering, though Storm maintained he had no control over its post-deployment use. The verdict challenges First Amendment protections for code as speech and could deter privacy-focused projects in the US. Legal experts warn the decision blurs the line between tool creation and criminal facilitation.
about Tornado Cash Founder Guilty: Legal Precedent SetBIS Proposes Compliance Score for Crypto-to-Fiat Off-Ramps
The Bank for International Settlements (BIS) has proposed a provenance-based risk score system for crypto-to-fiat off-ramps to enhance anti-money laundering (AML) compliance. The system would assign a compliance score to crypto holdings before they are converted into fiat currency, flagging assets linked to illicit activity. The BIS suggests this score could be referenced at banking system entry points to prevent illicit fund inflows and promote accountability among crypto market participants. The proposal, detailed in a recent BIS Bulletin, underscores the growing regulatory focus on cryptoasset transparency and compliance.
about BIS Proposes Compliance Score for Crypto-to-Fiat Off-RampsXRP Defies Bitcoin Maximalists, Holds Strong for a Decade
XRP remains a resilient player in the crypto market, consistently ranking among the top 10 digital currencies despite accusations of centralization and dumping by Bitcoin maximalists. Lawyer Bill Morgan defends XRP, arguing its decade-long market presence disproves critics. Meanwhile, firms like Trident Digital and VivoPower are incorporating XRP into their treasuries, countering claims of its lack of utility. The debate intensified when a post suggested MicroStrategy could have doubled gains with XRP over Bitcoin, sparking backlash from financial commentators. XRP’s current price stands at $3.53, reflecting a 66% monthly increase, reinforcing its strong market position.
about XRP Defies Bitcoin Maximalists, Holds Strong for a DecadeBitvavo Secures EU-Wide MiCA License from Dutch AFM
Bitvavo has become one of the first crypto firms in the Netherlands to fully comply with the EU’s MiCA standards after receiving regulatory approval from the Dutch AFM. The license enables the exchange to operate across all EU member states under the new harmonized regulatory framework, which sets unified rules for custody, trading, stablecoins, and transparency. Bitvavo CEO Mark Nuvelstijn called this a crucial step for market confidence, while CRO Jeetan Patel highlighted the extensive compliance process. MiCA aims to create consistent crypto regulations across the EU, with full compliance required by December 2025. This follows similar approvals for Kraken and Coinbase in other EU jurisdictions.
about Bitvavo Secures EU-Wide MiCA License from Dutch AFMBIS Warns Stablecoins Fail Key Monetary Principles
The Bank for International Settlements (BIS) has released a report asserting that stablecoins do not meet essential monetary standards, such as ‘singleness,’ ‘elasticity,’ and ‘integrity.’ The BIS argues that stablecoins resemble financial assets more than actual money, posing risks like financial crime and undermining monetary sovereignty. The findings challenge the idea that stablecoins can function as reliable money in modern financial systems, emphasizing their limitations compared to traditional monetary instruments.
about BIS Warns Stablecoins Fail Key Monetary Principles