The Bank for International Settlements (BIS), established in 1930, serves as the principal institution for fostering international monetary and financial stability.1 It functions as a bank for central banks, a forum for international cooperation, and a host for global standard-setting bodies, most notably the Basel Committee on Banking Supervision (BCBS) and the Committee on Payments and Market Infrastructures (CPMI).4 Through prudential frameworks such as Basel III and its successors, the BIS establishes the guiding principles for the regulation and supervision of the global banking sector, defining the rules of financial prudence.6 However, this framework relies on periodic, attestation-based reporting, creating a temporal and evidentiary gap between the continuous operation of digital markets and the cadence of oversight.
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