Central Bank – Page 63

Crypto ownership has nothing to do with distrust in fiat: BIS study

Cryptocurrency owners are “generally more educated than the average,” according to a new study by the Bank for International Settlements.

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Beijing subway now accepts digital yuan

Beijing’s rail transit service now accepts digital yuan for subway rides through an integration with the Industrial and Commercial Bank of China.

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Russia’s central bank to study crypto investment risks

The Bank of Russia is collecting data from 15 credit firms and payment systems like Visa and Mastercard.

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Spanish Socialist Workers’ Party pens public digital currency initiative

Spain’s oldest active political party is reportedly looking to create a public digital currency.

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New York Fed president says crypto poses challenging questions for central banks

John Williams responded to a presentation from Mark Carney, the former head of the Bank of Canada and Bank of England, about the potential for issuing central bank digital currencies.

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Singapore’s central bank offers cash prizes for digital currency ideas

The Monetary Authority of Singapore is seeking new retail CBDC solutions with a new global challenge offering cash prizes and expert digital currency mentorship.

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Demand for digital euro not yet clear, says BBVA exec

The European Central Bank should rely on public-private cooperation for issuing a digital euro, an exec at BBVA’s digital regulation team said.

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Bank of Tanzania Hints at Possible Crypto Ban Reversal as Spokesman Confirms Bank Is ‘Working on the Directives Given’

In a hint that Tanzania might soon reverse its 2019 crypto ban, an unnamed spokesperson of the Bank of Tanzania (BOT) recently suggested the apex bank is “working on the directives given.” The remarks by the spokesperson follow Tanzanian President Samia Suluhu Hassan’s call on the country’s finance chiefs to prepare for cryptocurrencies. BOT Move […]

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Palestinians Ponder Digital Currency as Move for Monetary Independence

The Palestine Monetary Authority is exploring the possibility of issuing its own digital currency. For Palestinians, the minting of a national coin would represent a step, at least a symbolic one, towards achieving monetary independence from the State of Israel. Digital Currency to Help Palestinians Cope With Israeli Restrictions Palestinians are currently conducting two studies […]

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Blockchain not suitable for CBDC, says Swiss national bank economist

Global economists continue to question the implications of blockchain implementation for central bank digital currencies.

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