A new decentralized finance data platform could underpin future regulation of crypto market actors, according to a study released by the Bank for International Settlements (BIS) Wednesday. Project Atlas has initially been used to map out significant international flows between crypto exchanges, said a proof-of-concept report issued jointly with the Dutch and German central banks. “We are developing a new and important public good for central banks globally,” Cecilia Skingsley, head of the BIS Innovation Hub, said in a statement. “Data on cross-border flows are relevant for areas like payments and macroeconomic analysis.”
FinanceLane.com