Central Banks Aim to Examine Crypto More Closely — Is This a Positive Sign? By Cointelegraph

The Bank for International Settlements’ (BIS) Project Atlas report provides further evidence that the domains of cryptocurrency and traditional finance are beginning to merge.

At first glance, this proof-of-concept initiative, supported by prominent European central banks—including Germany’s Deutsche Bundesbank and the Netherlands’ De Nederlandsche Bank—may appear fairly unambitious. Its primary focus is on enhancing the availability of crypto-related data, particularly concerning cross-border flows.

The project aims to analyze cross-border transactions by examining the locations of cryptocurrency exchanges.

This development marks another step in the ongoing dialogue between the worlds of digital assets and conventional banking.