BIS project maps ‘vast and complex’ global crypto network

Project Atlas uses diverse data to allow central banks to track cross-border flows

Bank for International Settlements, Basel
Bank for International Settlements, Basel
Photo: BIS

The Bank for International Settlements has created a means for central banks to track crypto market activity, it said in a report published today (October 4).

The BIS’s “Project Atlas” combines data from crypto exchanges and public blockchains to monitor and analyse the market. The results shed light on the “vast and complex” network of crypto asset flows, including how assets move across borders, it said.

The BIS innovation hub’s Eurosystem centre worked on the project with the Netherlands

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