A new study shows that payments via central bank digital currencies (CBDCs) are expected to reach $213 billion annually by 2030. Furthermore, 92% of the total value transacted via CBDCs will be paid d...
Tag: central
Twins, Guardians, White Sox Poised For Tight AL Central Race
Minnesota Twins shortstop Carlos Correa (4) walks off the field after the second inning during a … [+] spring training baseball game against the Philadelphia Phillies, Wednesday, March 1, 2023, ...
Swift: brings together 18 Central Banks
Swift’s CBDC and the 18 banks encouraging its development Swift is implementing the beta version of the Central Bank Digital Currency (CBDC), together with the support of 18 central and commercial ban...
The World’s Central Banks Are No Match for the Global Economy
Writing in his newsletter last week, the great George Gilder quipped that the world’s central bankers are apparently “demoralized over their inability to drive the world into recession.” Gilder was re...
Nigerian Central Bank Unveils Open Banking Guidelines – Africa Bitcoin News
The Nigerian central bank recently said it had issued operational guidelines for open banking in Nigeria which are expected to enhance efficiency and access to financial services. According to the cen...
Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears Rise – Economics Bitcoin News
The Central Bank of Bolivia is now selling dollars directly to citizens in order to curb what it is calling a speculative attack that has increased the demand of the population for foreign currency. T...
Time to say “Bon Voyage”?: Central Banks Ventures into Crypto Seas
Central banks worldwide are showing a growing interest in crypto. Keeping current scenarios in mind, their vision is debatable. Central Bank Digital Currency (CBDC) came up as a better option against ...
Fed Chair Powell Provides Update on US Central Bank Digital Currency – Regulation Bitcoin News
Federal Reserve Chairman Jerome Powell has provided an update on the Fed’s central bank digital currency (CBDC) work in a hearing before the House Financial Services Committee. While stating that the ...
Ukraine’s central bank sees both promises and threats in Bitcoin
The National Bank of Ukraine (NBU) has expressed a mixed stance on cryptocurrencies like Bitcoin (BTC) after a year of war in the country. The central bank of Ukraine sees both good and bad in virtual...
A Comprehensive Guide to Central Bank Digital Currency (CBDC)
Retail CBDC is intended for use by the general public for everyday transactions. CBDC is a cutting-edge technology that has the potential to revolutionize how we conduct business. Digital fiat money, ...
Brazil Central Bank Kicks Off Digital Currency Pilot Test
Brazil has started a pilot program for its Central Bank Digital Currency, or CBDC, becoming the latest country to experiment with the digital version of its national currency. The move is part of the ...
CBDC: Central Banks Conclude Groundbreaking Study On Use Cases For Digital Currencies
Central banks around the world are exploring the possibility of issuing central bank digital currencies, or CBDC, as a digital version of their national currencies. The study on CBDC is centered on un...
Central Bank of Brazil announces experimental CBDC
Reuters said the Brazilian central bank has formally launched its CBDC experiment. The bank has specifically announced the beginning of its digital currency pilot project to imitate the success displa...
European Central Bank chief economist Lane says rate rises will continue after March
Philip Lane, the chief economist of the European Central Bank, said interest-rate rises will have to continue beyond the March meeting, when a 50 basis point rate hike is seen as almost 100% certain. ...
Iran completes pre-pilot phase of central bank digital currency
Iran is moving forward with its central bank digital currency (CBDC) plans, completing preliminary research for the launch of a potential digital rial. The Central Bank of Iran (CBI) has successfully ...
Central Bank Orders Financial Institutions to Ration Dollars – Africa Bitcoin News
Growing shortages of foreign exchange on the interbank market have reportedly forced the Central Bank of Kenya to ask financial institutions to ration dollar purchases by Kenyan businesses. The shorta...
Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report – Economics Bitcoin News
Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in ...
Australian Central Bank Publishes Planned Use Cases For CBDC
3 hours ago | 2 mins read Altcoin News The selected use cases were picked from several proposals made by industry members. Jones claims that the pilot and larger studies would run simultaneously. Rece...
Ripple Pursues CBDC Development, In Talks With 20+ Central Banks
Ripple Labs, a leader in blockchain payments, continues to expand its services and partnerships to improve cross-border transactions. The company has been collaborating with international businesses a...
Australia’s Central Bank Selects CBDC Use Cases As It Prepares For Pilot Study
The Reserve Bank of Australia (RBA) published a report on Wednesday outlining its selected use case proposals of a central bank digital currency (CBDC) alongside their respective providers. This repor...
Ripple in Touch With Central Banks as it Looks Beyond US
Brooks Entwistle, Managing Director for APAC and MENA at Ripple, said in a recent interview that central bank digital currencies (CBDCs) “are one of the most important and certainly the strongest case...
Ripple Is In Dialogue With Over 20 Central Banks On CBDCs
In a new interview, Brooks Entwistle, senior vice president of customer success and managing director of APAC and MENA at Ripple, talked about the company’s efforts and goals in the Central Bank Digit...
The IMF Releases a Report on Jordan Preparations for a Central Bank
After the International Monetary Fund (IMF) has finished its technical assessment on the country’s markets, the Central Bank of Jordan is one step closer to taking the next step that is necessar...
G20 Finance Chiefs Widely Recognize Crypto Poses Major Financial Stability Risks, Says Indian Central Bank Governor – Regulation Bitcoin News
The G20 finance ministers and central bank governors recognize that cryptocurrencies pose major risks to financial stability, monetary systems, and cyber security, India’s central bank governor report...
IMF offers Jordan’s central bank recommendations for implementing retail CBDC
The Central Bank of Jordan is closer to its next step toward a retail central bank digital currency (rCBDC) with the completion of an International Monetary Fund technical report on the country’s mark...
New Research Shows Bitcoin Must Tap Into $1 Trillion Central Bank Liquidity To Overcome Bears ⋆ ZyCrypto
Advertisement     A new report from QCP Capital says central banks in Asia could hold the key for Bitcoin’s price action. All eyes are on the U.S. Federal Reserve, giv...
Bitcoin continues to follow the liquidity plus the aggregation of central bank balance sheets
Quick Take As the global world faces extreme inflation, central banks try to rein in inflation by decreasing their balance sheets (quantitative tightening) and increasing interest rates. The blue line...
Crypto Policy: Kenyan Senate Ready to Engage Central Bank
– Advertisement – The Kenyan Senate’s Information, Communication and Technology committee has said it is ready to engage the Central Bank of Kenya (CBK) and other stakeholders in shaping t...
Central African Republic’s Sango coin experiences deposit downtime
Sango, the coin by the Central African Republic launched in 2022, may be experiencing issues with deposits, representatives for the project said on Telegram. “We have some fantastic news!&...
Kenyan Senate Ready to Engage Central Bank – Bitcoin News
The Kenyan Senate’s Information, Communication and Technology committee has said it is ready to engage the Central Bank of Kenya (CBK) and other stakeholders in shaping the country’s policy towards cr...
Nigerian Central Bank Seeks New CBDC Tech Partner — Bank Urged to Improve E-Naira User Experience – Africa Bitcoin News
More than a year after it launched its central bank digital currency with partner Bitt Inc, the Central Bank of Nigeria is reportedly seeking a new technology partner. The new partner is expected to h...