BIS and two central banks launch Project Atlas to track crypto transactions
BIS Innovation Hub Eurosystem Centre, De Nederlandsche Bank, and the Deutsche Bundesbank have launched Project Atlas. This project aims to furnish central banks and financial regulators with a thorough understanding of the crypto market. Project Atlas gathers information from multiple sources, including off-chain data from various crypto exchanges and on-chain data from public blockchains through nodes. This allows central banks to be well-informed about the market. Additionally, the platform tracks crypto transactions in different locations within the Bitcoin network. You might also like: BIS and central banks of France, Singapore, and Switzerland wrap up CBDC project The project states: “Though relatively small compared with total on-chain network traffic, identified flows between crypto exchanges are significant and substantial economically,” “The output of Project Atlas could serve as a starting point for preliminary assessments and inform the drafting ...
