The Bank for International Settlements (BIS) has just presented a proof of concept of a system, called Atlas, to dynamically display the circulation of digital assets.
Specialists from the Dutch central bank started work on the Atlas project back in 2018.
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The aim of the platform is to reportedly help authorities clearly understand how, when and where cryptocurrencies are used.
The toolkit features several dashboards, including the amount of fiat-convertible Bitcoins at any given time in certain parts of the world.
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Atlas accumulates data from both public blockchains and off-chain sources, such as exchanges and individual participants.
According to Reuters, the platform is of great importance due to growing concerns among regulators about the danger of cryptocurrencies due to their decentralized nature in light of the FTX and Terra collapses.