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Is South Korea’s Central Bank Set to Make a Digital Fiat U-turn?
2.1.2020
South Korean media commentators are asking if the central Bank of Korea (BOK) has made a policy reverse on its stance towards central bank digital currency (CBDC) issuance.
Sisa Journal reports that the BOK appears to have changed its tune on CBDCs of late.
Last month, the BOK stated that it...
IMF Urges Philippines’ Central Bank to Collect Crypto Exchange Data
2.1.2020
The IMF has urged the Philippines’ central bank to begin collecting data on cross-border flows of crypto assets for its macroeconomic analysis
China Enacts Crypto Law in Run-Up to State Digital Currency Debut
1.1.2020
China adopts crypto law two months after official approval as digital currency plans continue to evolve
Central Bank Digital Currencies: 4 Questions and Answers
1.1.2020
Tobias Adrian is the Financial Counsellor and Director of the International Monetary Fund's (IMF) Monetary and Capital Markets Department. Tommaso Mancini-Griffoli is a Deputy Division Chief in the same Department.
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Central Bank Digital Currencies (CBDC) is a complex and multidisciplinary topic...
China Takes Another Step Away From USD Hegemony
1.1.2020
The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro...
Veriblock Captured Close to 60% of BTC’s OP Return Transactions in 2019
1.1.2020
During the course of 2019, the most used BTC-based OP_Return protocol, Veriblock, outshined Omni Layer outputs. According to statistics, Veriblock captured 57% of BTC’s OP_Return outputs in 2019. Ever since the protocol’s opcodes started dominating, a number of BTC influencers called...
In Race for 2030 Currency Supremacy, the Dollar Is Its Own Worst Enemy
31.12.2019
As the roaring '20s begin, the U.S. dollar looks as strong as ever. But signs of decline are on the horizon
Regulatory Roundup: China Blockchain ETF, France New Crypto Rules, Tokens Like Money in Russia
31.12.2019
In this roundup, we cover Russia’s supreme court recognizing tokens as assets like money and property, France’s new crypto regulatory framework, and several industry developments in China, including a blockchain ETF filing. We also cover Japan’s world conference for decentralized...
Central Bank Gold Hoarding Hits 50-Year High
30.12.2019
While dozens of the world’s economic leaders participate in extreme monetary easing policy, central banks have also been hoarding gold. Central banks accumulated over 668 tons in gold purchases this year, which is more than 2018’s record numbers. In fact, the key drivers in gold demand...
South Korean Central Bank to Organize a CDBC Task Force
27.12.2019
South Korea's central bank plans to hire additional experts as it studies digital currencies and blockchain technology
Central Bank in Russia Started Testing Stablecoins in a Regulatory Sandbox
27.12.2019
In a recent development, the Bank of Russia has declared that it has started testing stablecoins in the regulatory sandbox. The Head of the Central Bank, Elvira Nabiullina, remarks that the financial regulator through the Sandbox is observing how stablecoins can function, regardless the bank...
South Korea Forms Task Force for Central Bank Digital Currency Research
27.12.2019
The Bank of Korea will organize a task force dedicated to central bank digital currency research in 2020
Bahamas Central Bank Will Pilot Digital Currency Starting December 27
26.12.2019
The Bahamas is planning to pilot a digital version of the Bahamian dollar in the Exuma district starting December 27
Russia’s Central Bank Is Now Testing Real Asset-Pegged Stablecoins
26.12.2019
Russia’s central bank starts testing stablecoins and doesn’t assume that they will act as a payment method and become a substitute of money
Russia’s Central Bank Ready to Test Stablecoins + More News
26.12.2019
Elvira Nabiullina, head of the Central Bank of Russia. Source: a video screenshot, Youtube, Bank of Russia
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulations...
Central Bank of China Official Says Digital Yuan Will Be Different From Bitcoin
24.12.2019
An official at China’s central bank says that the digital form of the yuan will be different from Bitcoin and stablecoins
Chinese Central Bank: Digital Yuan Is Not for Speculation
23.12.2019
Source: iStock/ma-no
The head of the People’s Bank of China (PBoC)’s digital currency research institute Mu Changchun has confirmed that a “digital form of the yuan” is on its way – but claimed that the digitized fiat would be “different from Bitcoin or stablecoins.”
The PBoC chief also stated that...
PBOC Official: China’s Digital Yuan Won’t Be a Speculative Currency Like Bitcoin
23.12.2019
According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The central bank digital currency (CBDC) will decidedly not be a speculative asset like bitcoin or stablecoins, and will not need a currency basket...
A Decade of Quantitative Easing Has Paved the Way for the Age of Digital Currency
20.12.2019
Ten years of central bank quantitative easing have fostered big distortions in the global financial system, setting it up for a major architectural shift
The Central Bank Business Model Is Under Attack
20.12.2019
Libra spurred central banks into action on digital currency projects this year