During a virtual session on Monday, a group of central bank officials will discuss decentralised finance and CBDCs.
The Bank for International Settlements (BIS) will live stream from Zurich a seminar titled “Does Safe DeFi Require CBDCs?” The seminar will look at how DeFi markets can develop, as well as the responsibilities that central banks and Central Bank Digital Currencies might play in ensuring a safe environment.
The BIS, situated in Basel, Switzerland, and owned by central banks, will hold seminars outlining DeFi, current advances, and future forecasts, stablecoins as settlement assets, and the potential usage of CBDCs or a stablecoin/CBDC hybrid model.
Agustn Carstens, general manager of the BIS, and Thomas Jordan, head of the Swiss National Bank’s governing board, are among those invited to attend.
Representatives from the crypto industry will also be present at the event. Among them are Centre CEO David Puth, Polygon DeFi research head Amit Chaudhary, and Crypto Valley Association board member Ekaterina Anthony.
The BIS meeting comes at a time when several areas of the crypto business, including DeFi, are being scrutinised by global authorities, including central bankers.
Indeed, the BIS criticised DeFi in December, urging more protections to avoid stability concerns. According to the organisation, there is a “decentralisation illusion” inside the ecosystem.
