Central Banking

BIS Seeking Blockchain Expert to Lead Digital Currency Research

BIS is looking for a blockchain engineer to take a lead on its digital currency initiatives, which includes CBDC and digital security research.

Policy & regulation  ·  16 September 2020

South Korea’s Central Bank Starts Technical Phase for Digital Currency Ahead of 2021 Pilot

The Bank of Korea is seeking a partner to help develop the architecture for a potential central bank digital currency.

Policy & regulation  ·  31 August 2020
CBDCs

CBDC Issuance Is ‘Not a Reaction’ to Libra, Says Central Bank Body

The Bank for International Settlements appears to contradict its own prior statements in a new digital payments report.

News  ·  25 June 2020
Banking

Fed Paper: Central Bank Digital Currencies Could Replace Commercial Banks – But at a Cost

The research explores how "central banking for all" via digital currency could affect commercial banks.

Policy & regulation  ·  5 June 2020
Visa

Visa Patent Filing Would Allow Central Banks to Mint Digital Fiat Currencies Using Blockchain

The filing details a way for fiat currencies, like the U.S. dollar, to be turned into a central bank digital currency.

Tech  ·  15 May 2020
CBDCs

Private Companies Could Play Role in Digital Currency Issuance, Bank of England Says

Analysts from the U.K.'s central bank said private currencies could work alongside any future CBDC initiative if they offered real utility.

Policy & regulation  ·  7 April 2020
BIS

Swedish Central Bank Bids to Host BIS Hub for Digital Currency Research

Sweden’s Riksbank says its digital currency researchers are the best in central banking.

Policy & regulation  ·  17 March 2020
Russia

Bank of Russia Says New Digital Assets Bill Will Outlaw Crypto Trading, Issuance

The central bank is in favor of digital securities, but maintains cryptocurrencies shouldn't be allowed in Russia.

Policy & regulation  ·  16 March 2020
Bitcoin

In Echo of 2008, Fed Pledges $1.5 Trillion Injection to Aid Reeling Markets

The pumping of trillions of dollars of fresh liquidity into the financial system recalled the central bank’s unprecedented efforts during the last crisis.

Markets  ·  12 March 2020
CBDCs

Digital Pound Could Present ‘Challenges’ for UK, Says Mark Carney

The outgoing governor of the Bank of England highlighted the potential risks to monetary governance if a central bank digital currency were to be launched in the U.K.

Policy & regulation  ·  12 March 2020
Exchanges

India’s Central Bank Plans to Fight Supreme Court Crypto Ruling

The Reserve Bank of India reportedly plans to return to the supreme court to ask for a review of a ruling that overturned its ban on banking access for crypto firms.

Policy & regulation  ·  6 March 2020
CBDCs

With Central Bank Digital Currencies, States Are Reasserting Power Over Money

Nothing is more centralizing than a state’s control over decentralized technologies like blockchain and cryptocurrency, says law professor and blockchain adviser James Cooper.

Policy & regulation  ·  3 March 2020
Brazil

Brazil’s Central Bank to Launch Near-Instant Payments as a Response to Cryptocurrencies

The PIX payments system is coming to Brazil later this year, promising almost instant transfers for individuals and businesses.

Policy & regulation  ·  20 February 2020
CBDCs

10% of Central Banks Surveyed Close to Issuing Digital Currencies: BIS

A fifth of the world's population may well have access to a central bank digital currency in as little as three years, according to a BIS survey.

Policy & regulation  ·  24 January 2020
Australia

Australians Won’t Use Libra, Believes Central Bank

Reserve Bank of Australia officials are not yet convinced cryptocurrencies offer benefits over and above traditional means of payment.

Policy & regulation  ·  9 January 2020