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Anchoring trust in a digital era – tokenisation, stablecoins and the two‑tier system
23-06-2026 | 13 Min.Frank Smets and Gaston Gelos discuss how digital innovation can be harnessed to modernise the financial system, as long as trust in money is preserved. Read more: https://bis.org/publ/arpdf/ar2026e3.htm
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Over BISness
Experts from the Bank for International Settlements (BIS) explain their work and discuss current issues for the global economy. As a hub for central banks and other financial regulatory and supervisory authorities, the BIS seeks to build a greater collective understanding of the world economy, foster international cooperation and support policy making.
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BISness
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