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In a recent rate review meeting of the Bank of Japan (BoJ), bank governor Haruhiko Kuroda and others on the nine-member board urged leaving all options on the table, where further cuts to the country’s negative interest rate are concerned. The talk of further stimulus reflects an ever-growing trend in the world economy to slash … Read more
Digitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that clever businessmen in any industry, banking is no exception, would quickly spot emerging competition, analyze its strengths, and … Read more
Banks and other financial institutions are well aware of cryptocurrencies and digital assets. So much even that the European System of Central Banks may create its own Euro-backed stablecoin fairly soon. Although these plans are not officially confirmed, a recent communication shows the plan is at least being considered. ECSB Takes Note of Digital Assets In … Read more
ECB president says stablecoins and crypto are not yet suitable as money substitutes Go to Source Powered by WPeMatico
Unconventional monetary policy is rife within the U.S. right now, and a step toward quantitative easing seems inevitable; BitMEX CEO Aurther Hayes believes this will send Bitcoin sky high, but will it? Go to Source Powered by WPeMatico
Libra has been a wakeup call for banks to consider major issues in global payment systems, an ECB board member says Go to Source Powered by WPeMatico
Low and negative interest rates have been a burden for account holders across Europe for some time. And it’s only getting worse, as the European Central Bank just announced a new rate cut to a record low of -0.5%. Private and corporate customers in many countries on the continent don’t have a lot of options … Read more
The European Central Bank (ECB) and a number of countries in the region have stepped up their efforts in response to Facebook’s Libra, which has revived a competing ECB project for instant payments. As Facebook engages Switzerland’s financial regulator, the ECB clarifies how Libra can be regulated under EU laws. Also read: India’s Popular ‘Who … Read more
In a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession. Also Read: Money and Democracy: Why … Read more
A forum of central banks will meet with Libra on Monday to assess the purported financial stability risks of the project Go to Source Powered by WPeMatico