The Bank for International Settlements (BIS) plans to use AI to monitor global bank transactions for potential instances of money laundering. The project, known as "Project Icebreaker," focuses on developing a SWIFT-like bottleneck system that would enable global banks to regulate and potentially standardize all currencies.
While the IMF is currently gearing up to introduce its new global CBDC system called the UMU (also known as the Unicoin), The Bank for International Settlements has been ...
