Central Bank – Page 107

Two Versions of Digital Dollar Emerge as Contenders, but Unlikely to Come Soon

April 8, 2020 by DIGIT

The digital dollar may become a reality soon, but there are two different ways to bring it about. Which one will prevail, and how soon will it be? Go to Source Powered by WPeMatico

Sweden’s ‘Lagom’ Response to Coronavirus: No Masks, Keep The Economy Going With a “No Limit” Printing Press

April 7, 2020 by DIGIT

The Coronavirus in Sweden has so far claimed 611 deaths, with 7849 confirmed cases. Swedish people still send their kids to school and are not hoarding much of anything compared to countries like the US. But just like in most of the world many businesses are hit hard, and the country’s central bank has started … Read more

BIS Calls for Central Bank Digital Currencies Amid Coronavirus Pandemic

April 5, 2020 by DIGIT

‘The central bank of central banks’ is advocating for the development of CBDCs amid the coronavirus pandemic Go to Source Powered by WPeMatico

Brazilian Regulators Create DLT Platform for Screening Politicians

April 3, 2020 by DIGIT

Brazilian regulators are teaming up to use blockchain technology to streamline vetting processes for public officials and corporations Go to Source Powered by WPeMatico

Revolut Fast-Tracks User-Wide Crypto Support Due to Global Economic Upset

April 3, 2020 by DIGIT

As the Fed ramps up quantitative easing, fintech giant Revolut is moving fast to offer all users cryptocurrency services Go to Source Powered by WPeMatico

Blockchain Is Not a Panacea for Finance, Says Russian Bank Official

April 3, 2020 by DIGIT

The Central Bank of Russia’s Deputy Governor Olga Skorobogatova said that blockchain proved to be far from the “universal solution” many claimed it would be Go to Source Powered by WPeMatico

Russia Postpones Its Crypto Law Again, Now Blaming Coronavirus

March 31, 2020 by DIGIT

After facing multiple delays, Russia’s lawmakers again postpone pending major cryptocurrency law, now due to the coronavirus Go to Source Powered by WPeMatico

Bank of France Launches Experiment Program on Central Bank Digital Currency

March 30, 2020 by DIGIT

France’s central bank officially announces a CBDC application program, inviting participants to submit their applications by May 2020 Go to Source Powered by WPeMatico

Egypt Limits Bank and ATM Withdrawals Citing Rampant Cash Outflow and Coronavirus Fears

March 30, 2020 by DIGIT

On Sunday, the Central Bank of Egypt (CBE) announced it had instructed financial institutions in the country to put withdrawal limits in place for cash. Regional reports disclose that Egyptian residents can only withdraw 10,000 Egyptian pounds ($640) and businesses can only withdraw 50,000 pounds ($3,200). The CBE cited concerns over the covid-19 outbreak and … Read more

China and UK’s Planned Digital Currencies Appear to Have Little in Common

March 27, 2020 by DIGIT

Recent analysis shows that not all central bank digital currencies will be similar in their function or purpose Go to Source Powered by WPeMatico