Central Banking

CBDCs

Over 40 Central Banks Are Considering Blockchain Applications: Davos Report

More than 40 central banks are experimenting with blockchain, says a new report by the World Economic Forum.

Policy & regulation  ·  3 April 2019
Regulation

Pakistan Central Bank Eyes Digital Currency Launch by 2025

The State Bank of Pakistan, the country’s central bank, is reportedly considering launching a digital currency as part of a modernization drive.

Policy & regulation  ·  2 April 2019
Regulation

Central Banks See ‘No Value’ in Issuing Digital Currency: BIS Chief

BIS chief Agustin Carstens has said that central banks are wary about issuing digital currencies due to the "huge operational consequences."

Policy & regulation  ·  25 March 2019
Bitcoin

Blockchain Startups Are Modernizing Iran’s Financial Infrastructure

Sources in Iran say the country's financial sector is taking clear steps toward a state-backed token economy.

Policy & regulation  ·  14 February 2019
CBDC

Korean Central Bank Study: Issuing Digital Currency Poses Financial Risk

A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.

Policy & regulation  ·  7 February 2019
Banking

Saudi Arabia, UAE Aim to Cut Payments Costs With Common Digital Currency

Saudi Arabia and the United Arab Emirates are hoping a shared digital currency can cut remittance costs between the two countries.

Policy & regulation  ·  29 January 2019
Bitcoin

Bitcoin’s Proof-of-Work Algorithm Needs Replacing, Argues BIS Study

The proof-of-work algorithm used by bitcoin and some other cryptos is not viable in the long term, argues a Bank of International Settlements study.

Policy & regulation  ·  22 January 2019
Regulation

South Africa’s Central Bank Proposes Rules for Crypto Companies

Crypto exchanges and wallet providers would have to register with regulators under rules proposed by South Africa’s central bank.

Policy & regulation  ·  17 January 2019
Africa

Africa Needs Open Currency Competition. It Needs Cryptocurrency

Africa's various currency crises illustrate why cryptocurrency innovation shouldn't be stifled, says economic analyst Terence Zimwara.

Policy & regulation  ·  8 January 2019
Central Bank Digital Currency

The Era of Central Bank Digital Currencies Is Within Reach

A phased roll-out of a central bank digital currency is not only possible, but may be what certain regions need, says R3's research lead.

Policy & regulation  ·  8 December 2018
Bitcoin

ECB Official Calls Bitcoin ‘Evil Spawn of the Financial Crisis’

ECB executive board member Benoît Cœuré has discussed potential uses for blockchain at central banks, but he's really not keen on bitcoin.

Policy & regulation  ·  16 November 2018
CBDC

IMF Chief Calls for Exploration of Digital Currencies

Christine Lagarde, head of the IMF, encouraged the exploration of central bank digital currencies in a speech on Wednesday.

Policy & regulation  ·  14 November 2018
CBDC

Most Central Banks Back Digital Currency If DLT Improved: IBM Survey

A new IBM survey finds most central banks polled back issuing a wholesale digital currency, but are still uncertain about blockchain's efficiency.

Policy & regulation  ·  26 October 2018
Exchanges

India Supreme Court Seeks Government Opinion on Crypto Within 2 Weeks

The Supreme Court of India has asked the government to give its view on cryptocurrencies, amid fallout from a ruling by the central bank in April.

Policy & regulation  ·  26 October 2018
ConsenSys

Startup Bringing Blockchain Privacy to Central Banks Wins $15 Million Funding

Blockchain startup Adhara, which aims to bring zero knowledge proofs to central bank systems, has secured $15 million in new funding from Consensys.

Policy & regulation  ·  15 October 2018