head of the BIS Innovation Hu
...and a joint location for,
...over the next two years in a major expansion of its year-old effort to ponder the future of money.
These new locations, announced Tuesday,
...said Innovation Hub chief Benoît Curé in a press statement.
BIS, often referred to as the central bank for central banks, also announced its Innovation Hub will form a strategic partnership with the U.S. Federal Reserve System.
Coming exactly a year after the BIS unveiled its vision to build an international tech collaborative for its 62 member central banks, the expansion solidifies the Swiss-based institution's multifaceted drive to incubate fintech (Financial Technology) at the highest levels of monetary policymaking.
It also signals that the BIS remains serious about including at least part of the lessons of cryptocurrency in those discussions.
BIS had previously tasked its existing Innovation Hubs with investigating,
...among other trends.
The latest batch of Hub cities may not surprise those who closely follow the rather obscure realm of central banking innovation.
Perhaps more surprising is the staggering breadth of central banks the year-old Innovation Hub initiative is now set to unite.
As per Tuesday's announcement, the Innovation Hub will have inroads with,
...who already host Innovation Hubs.