Central Banks

Regulation

Bundesbank Chief Warns on Risks of Central Bank Digital Currencies

The head of Germany's central bank has said central bank digital currencies could destabilize financial systems and worsen bank runs.

Policy & regulation  ·  3 June 2019
CBDCs

ECB Official Says Wholesale Central Bank Digital Currency a ‘Viable Option’

A European Central Bank council member has come out generally in favor of wholesale central bank digital currencies.

Policy & regulation  ·  28 May 2019
Gold

Russian Central Bank to Consider Gold-Backed Cryptocurrency

The Bank of Russia will consider the use of a gold-backed cryptocurrency to facilitate international settlements, according to its governor.

Policy & regulation  ·  23 May 2019
Canada

Central Banks Settle Cross-Border Payments With Blockchain for First Time

The central banks of Canada and Singapore have for the first time settled cross-border payments using blockchain and central bank digital currencies.

Policy & regulation  ·  2 May 2019
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
Central Banks

Eastern Caribbean Central Bank to Test Blockchain Legal Tender

The ECCB is about to conduct a pilot for a blockchain-based central bank digital currency in preparation for a planned full rollout.

Markets  ·  6 March 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
Regulation

Singapore Central Banker: No Securities Crypto Token Approved To Date

Damien Pang, head of the Technology Infrastructure Office at Singapore's central bank talks about the authority's insight on DTL and digital tokens.

Policy & regulation  ·  19 September 2018
Bitcoin

Argentina Back in Crisis: Should the Government Buy Bitcoin?

A proposal to place a sliver of Argentina's central bank reserves in bitcoin is worth taking seriously, given the country's current dire straits.

Markets  ·  10 September 2018
Exchanges

India Eyes State Digital Currency to Cut $90 Million Banknote Bill

The Reserve Bank of India is mulling a central bank digital currency as a means to reduce the country's huge spend on minting physical cash.

Policy & regulation  ·  30 August 2018
Digital Currency

As Central Banks Go Digital, Crypto Competition Looms

The race is on to build the best "stablecoin" – a cryptocurrency with mechanisms aimed to reduce price volatility built in.

Policy & regulation  ·  28 August 2018
Bank of England

UK Central Bank Says New Payments System Will Be Blockchain Friendly

The Bank of England confirmed it is going to update its Real-Time Gross Settlement system to potentially interact with blockchain-based forms.

Policy & regulation  ·  24 July 2018
Europe

EU Report Says Cryptocurrencies ‘Unlikely’ to Challenge Central Banks

Cryptocurrencies are "unlikely" to shake up the dominance of central banks and sovereign currencies, the EU's newest report says.

Policy & regulation  ·  1 July 2018