BIS
Coverage of BIS in the Nexus archive.
- BIS warns USD stablecoins can evade capital controls, challenging traditional market regulations
BIS warns that USD stablecoins can bypass capital controls, challenging traditional market regulations. The organization notes that foreign exchange restrictions and capital controls are less effective against stablecoins compared to foreign currency bank deposits.
- BIS seizes ₹10 crore worth of 7.875 kg non-hallmarked gold jewellery in Telangana’s Warangal raid
BIS seized ₹10 crore worth of 7.875 kg non-hallmarked gold jewellery in a raid in Telangana’s Warangal. The BIS Hyderabad Branch Office Director urged consumers to buy only BIS-hallmarked gold jewellery with a valid HUID, verify it via the BIS CARE mobile application, and obtain a proper invoice.
- AI Bust Risks Ripple Effects From Growth to Credit, BIS Says
The BIS warns that an AI bust could cause ripple effects in economic growth and credit markets. The Canton Fair in Guangzhou, China, is currently showcasing AI-related exhibits.
- Former BIS chief softens stance on stablecoins, backs coexistence with fiat
Agustín Carstens stated that stablecoins can enhance financial inclusion and innovation, while emphasizing the necessity of global regulatory frameworks to allow coexistence with fiat money.
- Jewellery with fake hallmark seized in Davangere
Officials from the Hubballi branch office of BIS seized jewellery with fake hallmarks at Panduranga Bommayya Vernekar Jewellers in Davangere. The operation involved a search and seizure of items lacking genuine hallmark certification.