central banking

Visa Patent Filing Would Allow Central Banks to Mint Digital Fiat Currencies Using Blockchain

The filing details a way for fiat currencies, like the U.S. dollar, to be turned into a central bank digital currency.

Private Companies Could Play Role in Digital Currency Issuance, Bank of England Says

Analysts from the U.K.'s central bank said private currencies could work alongside any future CBDC initiative if they offered real utility.

Swedish Central Bank Bids to Host BIS Hub for Digital Currency Research

Sweden’s Riksbank says its digital currency researchers are the best in central banking.

Bank of Russia Says New Digital Assets Bill Will Outlaw Crypto Trading, Issuance

The central bank is in favor of digital securities, but maintains cryptocurrencies shouldn't be allowed in Russia.

In Echo of 2008, Fed Pledges $1.5 Trillion Injection to Aid Reeling Markets

The pumping of trillions of dollars of fresh liquidity into the financial system recalled the central bank’s unprecedented efforts during the last crisis.

Digital Pound Could Present ‘Challenges’ for UK, Says Mark Carney

The outgoing governor of the Bank of England highlighted the potential risks to monetary governance if a central bank digital currency were to be launched in the U.K.

India’s Central Bank Plans to Fight Supreme Court Crypto Ruling

The Reserve Bank of India reportedly plans to return to the supreme court to ask for a review of a ruling that overturned its ban on banking access for crypto firms.

With Central Bank Digital Currencies, States Are Reasserting Power Over Money

Nothing is more centralizing than a state’s control over decentralized technologies like blockchain and cryptocurrency, says law professor and blockchain adviser James Cooper.

Brazil’s Central Bank to Launch Near-Instant Payments as a Response to Cryptocurrencies

The PIX payments system is coming to Brazil later this year, promising almost instant transfers for individuals and businesses.

10% of Central Banks Surveyed Close to Issuing Digital Currencies: BIS

A fifth of the world's population may well have access to a central bank digital currency in as little as three years, according to a BIS survey.

Australians Won’t Use Libra, Believes Central Bank

Reserve Bank of Australia officials are not yet convinced cryptocurrencies offer benefits over and above traditional means of payment.

French Central Banker Advocates For Blockchain-Based Settlements in Europe

The central bank of France wants the eurozone to build a DLT-based settlement system that moves euros faster and more cheaply than existing tech.

Fed Reserve Evaluating Digital Dollar But Benefits Still Unclear, Says Chairman

Jerome Powell has said his institution is looking into the possibility of developing a digital currency, but the option throws up many policy questions and unclear benefits.

Stablecoin Crisis Could Wreck Global Finance, Fed Warns in New Report

The Fed warned that a stablecoin crisis could wreak havoc on the global economy and outlined the steps issuers must take to protect the status quo.

China Central Bank Official: Digital Yuan Should Have ‘Controllable Anonymity’

China's proposed digital yuan should strike a balance between protecting privacy and regulatory enforcement, a central bank official said.

Tunisia’s Central Bank Denies Reports Claiming It Issued an E-Dinar

In a sweeping rejection, the central bank quashed "unfounded" rumors that it had become the first monetary authority to issue a CBDC.

ECB’s Benoit Coeure to Lead Central Banking Digital Currency Initiative

Coeure is to lead the new BIS Innovation Hub in researching and perhaps developing fintech with benefits, such as digital currencies.

MAS, JPMorgan Build Payments System With Inter-Blockchain Connectivity

Working with JPMorgan and Temasek, Singapore's central bank has developed a prototype blockchain-based cross border payments system.

After Xi, China’s Central Bank Gives Blockchain Tech a Pump

The People's Bank has said blockchain is a solution to trade finance asymmetries in the latest promotion of the tech in China.

US Federal Reserve Hiring Retail Payments Manager to Research Digital Currencies

The central bank is expanding the role of its Retail Payments Manager to include digital currencies, stablecoins and distributed ledger technologies as part of a new hire.