News Post

Central bank test lab develops global bitcoin mapping system

Economic Times

· 9m
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The Bank for International Settlements (BIS) has developed a prototype bitcoin monitoring system, named Atlas, to provide authorities with a clearer understanding of how, when, and where cryptocurrencies are used. The system collects data from both publicly available on-chain crypto ledgers and harder-to-source off-chain data, creating a rough picture of cryptocurrency activity. The BIS's prototype produces dashboards showing information such as the conversion of bitcoin into US dollars in different regions, offering insights into crypto market adoption and cross-border flows. The dashboards will now be tested by central banks for further development.

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