Dutch Central Bank: World Will Need Gold if Entire System Collapses
Crypto-skeptic Dutch central bank admits gold superiority to fiat money Go to Source Powered by WPeMatico
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Swiss National Bank to Research CBDCs at New BIS Innovation Hub Centre
The Swiss National Bank and SIX Group to research digital central bank money within new BIS Innovation Hub Go to Source Powered by WPeMatico
Central Bank Digital Currency Is ‘Inevitable,’ says the Fed’s Patrick Harker
Central bank digital currencies are “inevitable,” says Patrick Harker, president of the Federal Reserve Bank of Philadelphia Go to Source Powered by WPeMatico
How G20 Central Bank Digital Currencies Are Progressing
Central bank digital currency has become a hot topic among finance ministers and central bankers worldwide, with some G20 countries ahead of the rest on work done toward issuing their own digital currencies. Experts have weighed in on their expectations of when the first G20 digital currency will be introduced. Also read: Central Banks Worldwide … Read more
Facebook Will Create ‘Shadow Banking’ System, Major U.S. Banks Warn
Facebook’s Libra will potentially create a “shadow banking” system, according to the banks at the Federal Advisory Council Go to Source Powered by WPeMatico
Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin
Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central de Venezuela’s (BCV) vaults to pay for oil and gas operations. Also read: Maduro’s Petro … Read more
Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000
The Reserve Bank of India has imposed regulatory restrictions on a cooperative bank with 137 branches across India, including limiting customer withdrawals to a total of 1,000 rupees (approximately $14) per account for six months. Police personnel had to be deployed to control angry customers at some locations. Also read: Indian Parliament Member Helping Crypto … Read more
China’s Central Bank: Digital Currency Has ‘No Timetable’ for Launch
China isn’t quite ready to launch a digital token after all, says PBoC Go to Source Powered by WPeMatico
Why Has Brazil’s Central Bank Included Crypto Assets in Trade Balance?
Brazil’s central bank will classify crypto as nonfinancial products, following IMF guidelines: What does that mean? Go to Source Powered by WPeMatico
Argentina’s Central Bank to Increase Peso Supply by 5% in 2 Months
The Argentine peso monetary base will be increased by 2.5% per month in the next two months, the central bank announced Go to Source Powered by WPeMatico