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Nalezeno "Central Banks": 618

BIS Announces Project Agorá: Central Banks Bet on Tokenization for Cross Border Settlements

8.4.2024
The Bank for International Settlements, the central banks’ bank, announced the launch of Project Agorá, a joint private-public initiative seeking to examine the potential benefits of tokenization for improving cross-border settlements. Agorá includes the participation of seven central banks...

Central Banks to Explore Tokenization of Cross-Border Payments With Project Agora

3.4.2024
A consortium of central banks worldwide, led by the Bank for International Settlements (BIS), announced a new initiative "Project Agora" to explore the potential of tokenization to enhance existing financial systems. The post Central Banks to Explore Tokenization of Cross-Border Payments With...

Bitcoin Tentative, Asian Stocks Slide on BOJ Rate Hike Talks

11.3.2024
The BOJ has long been seen as a major source of uncertainty for financial markets, including cryptocurrencies

ECB Officials' Statement on Bitcoin's Failed Promise and ETFs

22.2.2024
"Bitcoin has failed on the promise to be a global decentralised digital currency and is still hardly used for legitimate transfers. The latest approval of an ETF doesn’t change the fact that Bitcoin is not suitable as means of payment or as an investment," two ECB officials wrote in a blog post

Affected by the National Stock Market Downturn, Chinese Investors Have Flocked to Gold

1.2.2024
Chinese investors have been buying gold as an investment, motivated by the poor performance of traditional stock and property options. According to World Gold Council (WGC) reports, China had the largest demand for gold for jewelry and investment purposes in 2023. This, and the demand from central...

RBI Chief: Crypto Threatens Rupee Stability, Urges Investors to Be Cautious

20.1.2024
The head of India’s central bank, the Reserve Bank of India (RBI), has warned of significant risks associated with cryptocurrencies, particularly for emerging market economies. “It can impact your financial stability, currency stability, and monetary system,” RBI Governor...

Test and Deploy: A New Era for CBDCs

17.1.2024

Gold Rush Continues – Central Banks Purchased 44 Tonnes in November

8.1.2024
Krishan Gopaul, senior analyst of the World Gold Council, revealed that central banks kept adding gold to their reserves during November. According to public records and reports from the International Monetary Fund (IMF), central banks added 44t of gold to their coffers, with the Central Bank...

Prohibition of Cash Withdrawals From VASPs Operated Accounts May Contradict Central Bank’s Cashless Policy — Nigerian Lawyer

7.1.2024
Nigerian fintech lawyer Senator Ihenyen said the new central bank guidelines which bar the withdrawal of cash from accounts operated by virtual asset service providers (VASPs) seem “reasonable and understandable.” The lawyer however believes an “outright” prohibition of cash...

41% of Central Banks Expect to Have Operational CBDCs by 2028 — Study

26.12.2023
Some 41% of central banks that participated in the Official Monetary and Financial Institutions Forum (OMFIF) study said they expect to have an operational central bank digital currency (CBDC) by 2028. The survey found that the sentiment towards CBDCs is turning positive with 30% of the respondents...

Report: Bank of Korea Chief Says Growing Use of Stablecoins Threatens Central Bank Operations

19.12.2023
The Bank of Korea governor Rhee Chang-yong recently stated that the growing stablecoin use threatens the operations of central banks. The possible involvement of global networks like Visa and Mastercard in the stablecoin business will likely undermine the monetary independence of countries like...

Ripple Releases Framework on the Future of CBDCs Highlights Benefits and Challenges

15.12.2023
Source: AdobeStock / photo_gonzo Blockchain payment firm Ripple has rolled out a whitepaper on the state of Central Bank Digital Currencies (CBDCs), their utility in cross-border payments as well as challenges towards adoption in several jurisdictions. The framework published on Dec 14 explains...

Bank of Korea Governor Sees CBDC Introduction as Case for 'Urgency:' Report

15.12.2023
Stablecoins' widespread usage and frequent instability could lower the effectiveness of central bank monetary policies, Rhee Chang-yong said

Taiwan Completes Wholesale CBDC Technical Study, Central Bank Official Says

11.12.2023
The central bank is now gathering feedback and improving a platform design, according to Deputy Governor Chu Mei-lie

Central Bank of Italy and South Korea Strike CBDC Partnership on IT and Payment Systems

5.12.2023
Source: AdobeStock The Central Bank of Italy and South Korea have announced a partnership to collaborate on key areas like payment systems and IT in the development of Central Bank Digital Currencies (CBDCs). A Dec 5 press release by La Banca d’Italia disclosed the agreement which would see both...

UK Lawmakers Urge Lower Digital Pound Holding Limits

4.12.2023
They also want the government to tweak plans to make sure the CBDC’s design won’t preclude the possibility of paying interest on the digital pound

Fed’s ‘Beige Book’ Paints Dim Economic Picture, Experts Warn Central Banks ‘Have No Ability to Save Anything’

30.11.2023
On Wednesday, following the market’s closure, major U.S. indices concluded the day unchanged, coming off a rise the previous day. This surge was influenced by the dovish remarks made on Tuesday by Federal Reserve Governor Christopher Waller. Observers of the market infer that Waller’s...