The Japanese central bank will begin experiments with a proof-of-concept digital yen early next year, Nikkei reported. The Bank of Japan will work with several unnamed financial institutions to...
Tag: central
From Harvard, Of All Places, Comes An Endorsement For (Some) Central Banks To Hodl Crypto
A Harvard economist believes Bitcoin can help countries hedge their risk against international sanctions. getty Just as plummeting values and an infectious scandal have darkened the sky for cryptocurr...
Humbled Central Bankers Scale Back Their Ambitions
(Bloomberg Markets) — Once seen as the world’s go-to economic crisis fighters, central bankers are now desperately trying to contain a problem they allowed to happen: inflation. That’s eroded t...
New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’ – Bitcoin News
Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlem...
Indian central bank on track to launch retail CBDC pilot next month
The Reserve Bank of India (RBI), the country’s central bank, is finalizing the rollout of the retail digital rupee pilot, the Economic Times of India (ETI) reported on Nov. 19. The RBI initiated the w...
Crypto exchange Bitstamp registers with Spain’s central bank
Bitstamp, the longest-running crypto exchange, has secured its registration in Spain’s central bank. The Luxembourg-based exchange is now able to legally provide its services to Spanish users, b...
Charlie Munger Compares Bitcoin to Child Trafficking, Likes Central Banks
Berkshire Hathaway’s Vice Chairman remains staunchly skeptical of crypto in the wake of FTX’s collapse. Having previously characterized Bitcoin as “rat poison” and a “venereal disease,” Charlie Munge...
More trouble is brewing in the $24 trillion Treasury market: This time, it’s about central clearing
Efforts to reduce risks within the nearly $24 trillion U.S. Treasury market, the world’s deepest and most liquid securities market, are ironically creating angst among market players. The anxiety is c...
The Russian Central Bank Continues To Oppose Legalizing Digital Transactions
The Putin government is trying to introduce new regulations for utilizing cryptocurrency in Russia. The country’s financial authority is working on new crypto regulation draft bills that will be intro...
Some central banks have given up on the race for digital currencies
Join Our Telegram channel to stay up to date on breaking news coverage Some jurisdictions have slowed down or given up on the race to introduce a central bank digital currency (CBDC) as nations compet...
Zimbabwean Central Bank Launches CBDC Consumer Survey – Africa Bitcoin News
The Zimbabwean central bank has said it is “conducting a CBDC [central bank digital currency] Consumer Survey to solicit opinions on the design and nature of the CBDC and its overall acceptance by the...
Zimbabwean Central Bank Launches CBDC Consumer Survey – Coinotizia
The Zimbabwean central bank has said it is “conducting a CBDC [central bank digital currency] Consumer Survey to solicit opinions on the design and nature of the CBDC and its overall acceptance by the...
How Cryptocurrencies Have Impacted Central Banks In 2023
Most evidently, the bomb of cryptocurrency in this world has changed the way we see and understand money. Even central banks have taken a dire impact due to the ongoing rise in the use of cryptocurren...
Some central banks have dropped out of the digital currency race
As countries around the world race to launch a central bank digital currency (CBDC), some jurisdictions have slowed down or dropped out of the race altogether. While many observers were pushing a narr...
Russian central bank to integrate crypto for trading partners
The Russian Central Bank (CBR) is looking at ways of incorporating blockchain tech and crypto assets into its domestic financial system. The potential to mint all cryptocurrencies A consultation issue...
Russia’s Central Bank report examines crypto’s place in the financial system
The Central Bank of Russia (CBR) is looking at ways to integrate crypto assets and blockchain technology into its local financial system amid a pile-on of global financial sanctions. In a Telegram pos...
Russia’s Central Bank promotes crypto as means of internationalizing embattled economy
The Central Bank of Russia is working on integrating crypto assets into the local financial system. The CBR released a report on digital assets, focusing on integrating them into financial systems. Ma...
José Andrés Has Some Things To Get Off His Chest As World Central Kitchen Prepares For A Brutal Ukraine Winter
Chef José Andrés pulls out his iPhone to flip between two images from Ukraine. One, a video, shows a crowd of people getting hot soup in a tent staffed by his international food-aid group, World Centr...
Crypto no more in top 10 most-cited potential risks: US central bank report
While proponents of traditional finance remain keen on dismissing Bitcoin (BTC) and the crypto ecosystem as financial risks, a survey conducted by the Federal Reserve Bank of New York — one of the 12 ...
Middle East And Central Asia Face Renewable Energy Bill Of Up To $884 Billion, Says IMF
Solar panels with sunset and blue sky background. Clean power energy concept getty Countries in the Middle East and Central Asia may have to spend $884 billion on developing renewable energy plants be...
Binance CEO Sees No Threat to Crypto From Central Bank Digital Currencies — Says CBDCs Will Validate Blockchain Concept – Regulation Bitcoin News
The CEO of cryptocurrency exchange Binance does not see central bank digital currencies (CBDCs) as a threat to cryptocurrencies, like bitcoin and ether. “It will validate the blockchain concept so tha...
A major hedge fund just warned that hyperinflation could lead to ‘global societal collapse’—and it blames the central bank
The world’s worst financial crisis in decades may be right on our doorstep. Rising inflation and the largest interest rate hikes globally in two decades have set the stage for the biggest economic uph...
eNaira CBDC ‘a massive failure’ despite Nigerian central bank’s claims to the contrary
Geopolitical Analyst Nick Giambruno called Nigeria’s eNaira project a “massive failure” while saying the outcome has not been “what the elites hoped for.” The eNaira launched on Oct. 25, 2021, with Pr...
Mystery Whales Baffle Gold Market After Central Bank Purchases
(Bloomberg) — A normally dry research report jolted the gold market this week, when it pointed to massive but so far unidentified sovereign buyers. Most Read from Bloomberg Central banks bought ...
Zimbabwe Proceeding With Digital Currency Plans, Central Bank Undeterred By Slow Adoption of Nigerian CBDC – Africa Bitcoin News
Undeterred by the reported slow adoption of the Nigerian central bank digital currency, the deputy governor of the Reserve Bank of Zimbabwe, Innocent Matshe recently said his institution will proceed ...
Crypto Exchanges Must Comply With Russia Sanctions, Singapore Central Bank Says – Exchanges Bitcoin News
The Monetary Authority of Singapore (MAS) has reiterated that cryptocurrency exchanges need to conform to restrictions on Russian users imposed over Moscow’s invasion of Ukraine. The reminder comes af...
JPMorgan Makes First DeFi Transaction With Singapore Central Bank
JPMorgan has participated in its first ever decentralized finance (DeFi) transaction, in partnership with Singapore’s central bank. The transaction was one of a handful marking the launch of Project G...