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The Latest Breaking News from BIS

BIS plans phased move towards mandatory silver hallmarking

The Bureau of Indian Standards is studying mandatory hallmarking for silver. This move aims to ensure purity for buyers. Silver hallmarking is more complex than gold due to its diverse market. BIS is proceeding cautiously to set systems right before implementation. Mandatory hallmarking will be introduced gradually. The number of…

The Economic Times

US closes loophole that allowed Chinese-owned subsidiaries located outside China to buy AI chips — report claims that hundreds of thousands of advanced AI chips have been acquired through BIS blind spot

The BIS just issued a clarification that Chinese-owned subsidiaries are included in U.S. export controls, even if they're based outside of China. However, one source said that some companies have been using this loophole to acquire AI chips that estimated to be in the hundreds of thousands.

Tom’s Hardware

US to halt Nvidia AI chip sales to Chinese firms

There are fears Chinese companies have taken advantage of a loophole to buy hundreds of thousands of the world's most advanced AI chips.

AAP

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BIS and banks build blockchain cross-border payments prototype

Global financial institutions are set to test a new digital system for cross-border payments. This project, involving major banks and central banks, aims to make international money transfers faster and cheaper. The system will use blockchain technology for quick settlements. Officials emphasize getting the technology right before a full rollout.…

The Economic Times

India's top copper producers like Adani, Vedanta and Hindalco oppose inclusion of scrap-based rods in standards

In a major dispute, leading copper producers like Adani and Vedanta are opposing the inclusion of copper wire from secondary refiners in government quality standards, based on the argument that products made from scrap pose safety risks due to inconsistent purity. This standoff impacts a significant portion of copper wire…

The Economic Times

Encrypted texts reveal how Nvidia chips and U.S. tech are being smuggled to China and Russia

American-made tech components are being illegally smuggled to Russia, Iran, and China and lawmakers fear it could give them a battlefield edge.

Fortune

Lutnick urges boost for trade enforcement at BIS

The Commerce Department says it needs additional funds in fiscal 2027 to enforce export controls and prevent the diversion of semiconductors to China and other foreign adversaries. Testifying Thursday before the House Commerce-Justice-Science Appropriations Subcommittee, Commerce Secretary Howard Lutnick said investment in new law enforcement agents at the Bureau of…

Roll Call

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Approvals for Nvidia and AMD AI chip exports to China stall under government bottleneck — 20% staff turnover hobbles Bureau of Industry and Security

Staffing at the U.S. Commerce Department office that vets exports of Nvidia and AMD AI accelerators has collapsed over the past year.

Tom’s Hardware

British Ice Skating appeal against points penalty that cost Lilah Fear and Lewis Gibson bronze medal

The two Brits believed they had won a World Championship bronze only to be docked two points by the judges

The Independent UK

Supermicro—accused of smuggling $2.5 billion in Nvidia chips to China—has been here before, in Iran

Yih-Shyan “Wally” Liaw was arrested on Thursday and resigned his seat on the Super Micro Computer board on Friday.

Fortune

The biggest heist of the US-China Chip War: 3 Supermicro employees charged with conspiracy to smuggle restricted Nvidia H100, H200, and B200 chips to China – dummy boxes, fake labels, and a pass-through company enabled the $2.5 billion scheme

Three men are facing charges of conspiracy to smuggle restricted GPUs to China.

TechRadar

Lagarde in hot water over ‘additional’ BIS salary despite ECB limits on extra pay

The ECB President is facing backlash after disclosing she earns over €140,000 a year as a board member for the Bank for International Settlements (BIS). ECB policy bans regular staff from accepting third-party payments.

Euronews

Applied Materials to pay $252 million penalty for selling chipmaking tools to banned Chinese firm — settles over alleged 56 tool exports to chipmaker SMIC following Entity List designation

Applied Materials must pay a $252 million civil penalty to settle allegations that it illegally exported semiconductor manufacturing equipment to SMIC subsidiaries.

Tom’s Hardware

Top central bankers express 'full solidarity' with Fed Chair Powell in clash with Trump

Eleven central bankers from around the world have expressed full support for U.S. Federal Reserve Chair Jerome Powell

The Independent UK

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International Business Times

Crypto's Biggest Risk Is Not Volatility

Chainalysis estimates that hackers stole about 2.2 billion dollars in crypto in 2024 alone, a 21 percent increase over the previous year, and notes that this was the fourth year in a row that hacking losses stayed above 1 billion dollars.

The National (Scotland)

‘Moment of unity’: SNP and Believe in Scotland sign independence campaign deal

THE SNP have signed a deal with campaign organisation Believe in Scotland, marking a significant milestone in establishing a formal partnership to…

The National (Scotland)

See the full partnership agreement between SNP and Believe in Scotland

THE SNP and Believe in Scotland have outlined how they’ll work together to strengthen the independence movement in signed a working agreement

The National (Scotland)

Believe in Scotland kicks off new energy campaign with national day of action

Pro-Scottish independence group Believe in Scotland have kicked off a new campaign on energy and independence with a national day of action ...

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The National (Scotland)

New campaign urges voters to back independence to save money on energy bills

YES groups have been urged to join a “national push” as part of a campaign urging voters to back independence to save money on their energy…

Euronews

Belarus expels Czech diplomat in tit-for-tat move after Prague makes spy ring accusations

The expulsion comes after Czech and Polish authorities expelled Belarusian diplomats earlier this month, as part of a wider crackdown on a European spy ring made up of agents from Belarus' KGB state security agency.

The Independent UK

Czech Republic and allies break up Belarus spy network across Europe

The Czech Republic’s counterintelligence agency says it has broken up a spy network being built by Belarus

Euronews

Czech Republic, Romania and Hungary break up Belarus spy network in Europe

The Czech intelligence agency said Belarus managed to create the network because its diplomats are able to freely travel across European countries.

The National (Scotland)

Believe in Scotland announces independence march and rally

A SCOTTISH independence march and rally has been confirmed for 2026

Tom’s Hardware

Nvidia H20 GPUs reportedly caught up in U.S. Commerce Department's worst export license backlog in 30 years — billions of dollars worth of GPUs and other products in limbo due to staffing cuts, communication issues

The U.S. Commerce Department is so behind on approving export licenses that billions of dollars worth of GPUs and other products are stuck in limbo waiting to be shipped, in the worst case of license stalling in over 30 years.

inkl

Fed Under Fire: How Political Pressure Is Undermining the Dollar’s Credibility

Amid heightened political tensions in Washington, the Bank for International Settlements (BIS) sounded the alarm this weekend. The aim was to highlight the crucial importance of central bank independence at a time when the US Federal Reserve is under unprecedented political pressure.

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