The limitations set out in the Federal Reserve’s new Program provides additional measures to its original policy statement laid out in January.
BIS Seeking Blockchain Expert to Lead Digital Currency Research
BIS is looking for a blockchain engineer to take a lead on its digital currency initiatives, which includes CBDC and digital security research.
South Korea’s Central Bank Starts Technical Phase for Digital Currency Ahead of 2021 Pilot
The Bank of Korea is seeking a partner to help develop the architecture for a potential central bank digital currency.
CBDC Issuance Is ‘Not a Reaction’ to Libra, Says Central Bank Body
The Bank for International Settlements appeared to contradict its own prior statements in a new digital payments report.
Fed Paper: Central Bank Digital Currencies Could Replace Commercial Banks – But at a Cost
The research explores how “central banking for all” via digital currency could affect commercial banks.
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 CBDC 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
Bank of Russia is in favor of digital securities, but maintains cryptocurrencies shouldn’t be allowed in the nation.
In Echo of 2008, Fed Pledges $1.5 Trillion Injection to Aid Reeling Markets
Excerpt:
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.
Even With CBDCs, the State Won’t Forfeit Its 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 next winter, 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.