General manager of the Bank for International Settlements Agustín Carstens spoke at the Singapore FinTech Festival on Feb. 22 and described the digital financial infrastructure he believes would best ...
Tag: central
BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning – Bitcoin News
According to Agustin Carstens, the head of the Bank for International Settlements (BIS), cryptocurrencies have lost the “battle” against fiat currencies issued by the world’s central banks. While spea...
Nigeria’s Central Bank in Talks with Partners to Revamp Its CBDC
Two sources familiar with the matter said that the central bank is willing to develop its own software for the CBDC in order to keep full control of the effort. It’s been nearly eighteen months since...
Strike CEO Jack Mallers Calls Bitcoin The “Central Bank Of The Internet”
Bitcoin is a lot of things to many people — digital gold, a speculative investment, a tech experiment, a decentralized replacement for fiat money, etc. But being compared to a central bank is likely ...
Central Banks Want New Money: CBDCs Won’t Help
Ukraine isn’t a cold war. CBDCs aren’t gold. Let’s take a look at reality. Right now, and we mean right now, central banks are looking for a way to wash 40+ years of bad money out of the system, and p...
Central Bank of Ireland should embrace public blockchains
USDC issuer, Circle, has collaborated with the Central Bank of Ireland to promote the advantages of blockchain for enhancing consumer protection. Circle response to the Central Bank of Ireland The Cen...
Circle recommends Central Bank of Ireland adopt public blockchains for consumer protection
Ad Quick Take Circle submits a response to the Central Bank of Ireland highlighting the benefits of blockchain-based financial services for consumers. Circle offers recommendations on how financial su...
Japan to Launch Central Bank Digital Currency Pilot in April 2023
In April of 2023, Japan intends to launch a pilot program for a central bank digital currency (CBDC), even if the country does not permit the use of international stablecoins like Tether (USDT). It in...
CBDC Trial to be Launched in April by Japan Central Bank
Only 4% of Japan’s total population uses or owns cryptocurrencies. Experimental testing of the digital yen is expected to begin in April 2023. The Bank of Japan revealed on February 17, 2023, that...
Central Bank of Brazil President States Digital Real Pilot Is Imminent – News Bitcoin News
The president of the Central Bank of Brazil, Roberto Campos Neto, has clarified the status of the development of the Brazilian central bank digital currency (CBDC), the digital real. Campos Neto state...
CBDC and Central Banks Insight
The world in 2023 begins with several macroeconomic themes that we believe will play a role in reshaping the focus of some CBDC projects. Let us examine some of the major thematic reasons for a CBDC t...
UAE’s Central Bank pushes for CBDC for financial transformation
The UAE is looking to boost its cross-border payments while also enhancing its domestic financial infrastructure. This comes after the Central Bank of the UAE announced the issue of CBDC, short for ce...
CBUAE Plans to Launch Central Bank Digital Currency
As part of the first phase of its recently initiated financial infrastructure transformation (FIT) initiative, the Central Bank of the United Arab Emirates (CBUAE) has plans to introduce a central ban...
UAE central bank to issue CBDC as part of its financial transformation program
The Central Bank of the United Arab Emirates (CBUAE) is planning to launch a central bank digital currency (CBDC) for cross-border and domestic use as part of the first of its newly-launched financial...
Why The UAE Central Bank Is Interested In Issuing A Digital Currency
In recent months, initiatives surrounding central bank digital currencies, (CBDC) have gained traction as banking authorities attempt to streamline cross-border transactions and stimulate innovation ...
Dexalot – A Decentralized Central Limit Order Book Exchange
Berk Ozdogan aka Firestorm is the Head of Strategy at Dexalot, a decentralized central limit order book exchange. Previously, he worked in traditional finance at JP Morgan, Deutsche Bank, and Bank Of ...
India’s Central Bank Reveals 50,000 Users and 5,000 Merchants Now Using Digital Rupee – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has revealed that 50,000 users and 5,000 merchants are now using its central bank digital currency (CBDC). Digital rupee transactions are current...
Central Bank of Brazil to Test Security and Transaction Privacy Levels of the Digital Real – Blockchain Bitcoin News
The Central Bank of Brazil will focus its first digital real tests on determining the levels of privacy and security that can be achieved with the proposed central bank digital currency (CBDC) infrast...
Gold Coins Help Zimbabwe Achieve ‘Price and Exchange Rate Stability’ — Central Bank – Africa Bitcoin News
The Reserve Bank of Zimbabwe recently revealed that some 25,188 of its value-preserving gold coins were sold between July 2022 and Jan. 13. According to the central bank governor, John Mangudya, the g...
The UK is a step closer to launching a central bank digital currency
After the publication of a consultation document that explains the planned digital pound, which the general public has dubbed “Britcoin,” the United Kingdom is one step closer to creating ...
Digital pound could co-exist with private stablecoins — UK central bank
The United Kingdom is a step closer to launching a central bank digital currency (CBDC) after releasing a consultation paper explaining the proposed digital pound, which the public has nicknamed “Brit...
Central banks are fighting the wrong war – the West’s money supply is already crashing
Jerome Powell – Jonathan Ernst/Reuters Monetary tightening is like pulling a brick across a rough table with a piece of elastic. Central banks tug and tug: nothing happens. They tug again: the b...
CBDC teased by UK government and central bank
As part of the build-up process to the launching of the central bank digital currency, the U.K.’s Treasury and the Bank of England are expected to present a progress report on Feb. 7 and set the ball ...
Fed’s Neel Kashkari says central bank has not made enough progress, keeping his rate outlook
Minneapolis Federal Reserve President Neel Kashkari said Tuesday that explosive jobs growth in January is evidence that the central bank has more work to do when it comes to taming inflation. That mea...
Central Bank of Argentina to Issue New 2,000 Peso Bill as Inflation Keeps Rising – Economics Bitcoin News
The Central Bank of Argentina has announced the issuance of a new 2,000 peso bill, aimed at easing the burden of using cash for payments in the country. The bill, which will have a value of a little m...
UK government and central bank tease CBDC consultation
The UK’s Treasury and the Bank of England are preparing the groundwork for a potential central bank digital currency to launch this decade, with a report on the issue to be published on Tuesday mornin...
U.K. Central Bank and Treasury Believe Digital Pound is Needed
According to a story that was published by the Daily Telegraph on February 4, the Bank of England (BoE) and His Majesty’s Treasury feel that it is possible that the United Kingdom will need to d...
Central Bankers Curb Their Enthusiasm for Rate Hikes
(Bloomberg) — Waning global enthusiasm for aggressive interest-rate increases may dominate the dozen or so central-bank decisions due in the coming week. Most Read from Bloomberg In the wake of ...
Billionaire Tim Draper Urges Sri Lanka to Adopt Bitcoin — Central Bank Says ‘We Don’t Want to Make the Crisis Worse’ – Regulation Bitcoin News
Billionaire investor and venture capitalist Tim Draper has reportedly attempted to convince the Sri Lankan government to adopt bitcoin. However, the governor of the Central Bank of Sri Lanka rejected ...