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홍콩 신보에 따르면 다자간 중앙은행 발행 디지털화폐(CBDC) 프로젝트인 엠브릿지(mBridge) 참여 20개국 중앙은행이 다음 달 무역 결제 테스트를 진행할 예정이다. 국제결제은행(BIS), 중국 인민은행, 태국은행 등이 참여한다.

A study by the Bank for International Settlements (BIS) found that DeFi borrowers tend to adopt conservative strategies to avoid significant losses due to automatic liquidation, and they often leave large safety buffers. Additionally, users tend to deposit more funds if their past returns have been higher. The Bank for International Settlements believes that DeFi borrower behavior is a key measure of tokenization risk. (CoinDesk)

코인데스크에 따르면, 국제결제은행(BIS)이 최근 보고서에서 "디파이 설계 및 관리에서 차입자(borrowers)의 행동은 핵심 고려 사항이다. 디파이 차입자들은 자동 청산을 피하기 위해 과도한 레버리지를 사용하지 않으며 보수적으로 접근하는 것으로 파악됐다. 또한 이들은 과거 수익률이 높을수록 더 많은 자금을 예치하는 경향이 있다"고 분석했다. 이번 연구는 2021년 1월부터 2023년 3월까지 진행됐으며, 디파이 대출 시장 내 이용자 행동, 유동성 풀 역학의 복잡성 등을 구체적으로 분석하는 게 주된 과제였다.

According to CoinDesk, a study by the Bank for International Settlements (BIS) has found that the behavior of borrowers in decentralized finance (DeFi) is crucial when considering the design of collateralized borrowing platforms with emerging tokenized assets. The authors of the study claim to be the first to document individual DeFi wallets' leverage, which is relevant to understanding financial stability concerns. Financial institutions worldwide are increasingly experimenting with tokenizing traditional assets such as bonds and securities. The workings of DeFi lending platforms offer useful insight into the risks associated with tokenization and the potential disruption of traditional finance, according to the technical study by the central bank group. The study found that DeFi borrowers generally avoid leveraging too much, as they face substantial losses upon automatic liquidation, where collateral is automatically sold when borrowers' positions become too risky. Borrowers take a conservative approach with a sizeable buffer, and DeFi users tend to deposit more if they have higher past returns. The study's authors, Lioba Heimbach and Wenqian Huang, conducted the study using data from the Ethereum blockchain, focusing on lending resilience and strategic substitution behavior. The BIS has been exploring the DeFi space for some time, working with the central banks of France, Singapore, and Switzerland to successfully test cross-border trading of wholesale central bank digital currencies and DeFi elements, specifically automated market makers. In 2022, two BIS papers said that DeFi could lead to bumpier financial markets and may not fix the problem of large intermediaries dominating. The latest study was conducted between January 2021 and March 2023 to specifically look at the largely unexplored 'intricacies of user behavior and pool dynamics within DeFi lending.' The importance of conducting the study was based on the recognition that DeFi protocols have been facilitating collateralized borrowing on an 'economically significant scale' with highs of over $35 billion in deposits and $25 billion in outstanding debt, the study said.

A study by the Bank for International Settlements (BIS) concluded that borrower behavior in the DeFi space and DeFi market dynamics are important considerations when designing and managing platforms involving tokenized assets. It noted that because DeFi borrowers face large losses in automatic liquidations (the automatic sale of collateral when a borrower’s position becomes too risky), they typically avoid overleveraging. Borrowers took a conservative approach and had sizable cushions. Additionally, DeFi users tend to deposit more money if they have experienced higher returns in the past. The study’s authors, Lioba Heimbach and Wenqian Huang, said their findings may be relevant to understanding financial stability concerns raised by DeFi. It conducted the study using data from the Ethereum blockchain, focusing on loan resilience and strategic substitution behavior. (CoinDesk)

The study was designed to look at the largely unexplored "intricacies" of user behavior and dynamics of decentralized finance lending, the authors said. source: https://www.coindesk.com/policy/2024/03/14/defi-borrower-behavior-key-to-gauging-tokenization-risks-bis-study/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Bank of International Settlements (BIS) has released its recommendations for the regulation, supervision, and oversight of global stablecoin arrangements, according to an executive summary published on February 29. source: https://cryptonews.com/news/bank-for-international-settlements-releases-executive-summary-of-global-stablecoin-reccomendations.htm

The Bank for International Settlements (BIS) has put forward recommendations for global stablecoin supervision. The main recommendations include: supporting global stablecoin innovation, establishing a risk management framework and ensuring its effectiveness, focusing on data storage and data access, redemption rights and prudential requirements, while emphasizing Take a technology-neutral approach and prioritize potential activities and risks. (TheBlock)

더블록에 따르면 국제결제은행(BIS)이 글로벌 스테이블코인 규제 권고안을 발표했다. 권고안은 국가 간 협력, 조율, 정보 공유에 중점을 두고 글로벌 스테이블코인을 규제, 감독할 준비를 하도록 전 세계에 요구한다. 특히 운영 탄력성, 사이버 보안 보호 장치, 자금세탁 및 테러자금조달 방지 등 중대 리스크를 포괄적으로 다루는 리스크 관리 프레임워크가 마련돼야 한다고 강조했다. BIS는 또 스테이블코인이 금융 서비스 제공 방식 효율성을 개선할 수 있는 잠재력을 가지고 있지만 금융 안정성에 위험을 초래할 수도 있다고 덧붙였다.

The Bank of International Settlements (BIS) has published a report calling on regulators to “future proof” themselves against the adverse effects of an unregulated metaverse on the digital economy. The 31-page report warns that future money and virtual environments run the risk of “becoming fragmented and dominated by powerful private firms.” To counter this threat, […] source: https://cryptonews.com/news/bis-warns-against-unregulated-metaverse-a-call-to-prevent-fragmentation-and-corporate-control.htm