Bank for International Settlements (BIS)

The data recorded on blockchains often gives the impression of providing an accurate reading of financial flows. However, a study by the Bank for International Settlements (BIS) shows that certain metrics can vary depending on the method used. For bitcoin, researchers noted a gap of up to six times in the estimation of the value of transfers made on the blockchain. This difference does not concern exchanges carried out on platforms, but rather the interpretation of transactions recorded directly on the network.

The annual economic report of the Bank for International Settlements (BIS) warns about possible transformations of the global monetary landscape. Published in Basel, the document examines the role of stablecoins and their limits in current financial systems. The institution highlights the risk of dollarization in certain emerging economies when users favor digital assets linked to the US dollar. This analysis outlines the challenges related to indexed tokens and possible developments of private digital currency. The BIS considers that these innovations require an appropriate framework to evolve.

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