In a sweeping rejection, the central bank quashed “unfounded” rumors that it had become the first monetary authority to issue a CBDC.
ECB’s Benoit Coeure to Lead Central Banking Digital Currency Initiative
Coeure is to lead the new BIS Innovation Hub in researching and perhaps developing fintech with benefits, such as digital currencies.
MAS, JPMorgan Build Payments System With Inter-Blockchain Connectivity
Working with JPMorgan and Temasek, Singapore’s central bank has developed a prototype blockchain-based cross border payments system.
After Xi, China’s Central Bank Gives Blockchain Tech a Pump
The People’s Bank has said blockchain is a solution to trade finance asymmetries in the latest promotion of the tech in China.
US Federal Reserve Hiring Retail Payments Manager to Integrate Digital Currencies
The central bank is expanding the role of its Retail Payments Manager to include digital currencies, stablecoins and distributed ledger technologies as part of a new hire.
China Announces New Regulatory Authority to Certify Digital Payments, Blockchain Products
China’s central bank will certify a list of fintech products that are widely used for digital payment and blockchain services with its verification system.
Ex-Official Trolls Libra, Says China Likely to Issue Digital Currency First
China’s central bank could be the first to issue its own national digital currency, a former official said, while contending that Libra was doomed.
How Lebanon’s Economic Crisis Highlights Bitcoin’s Limitations
Bitcoin users in Lebanon have numerous hurdles to overcome to develop a local market during the nation’s economic crisis.
Chinese Official Warns Libra Could Abet Illegal Cross-Border Transfers
Libra must abide by international foreign exchange regulations to not enable illegal transfers or “it should be banned,” a senior Chinese regulator said Monday.
Regulate Stablecoins – Don’t Squash Them
Regulators should offer a path for stablecoins to exist alongside current financial systems, writes a fellow at Harvard’s Berkman Klein Center.
Fed Governor Brainard Identifies Libra Threat, Says Regulatory Hurdles Abound
Federal Reserve governor Lael Brainard delivered a sharp critique of Libra, which would need to resolve many regulatory hurdles before going live.
Top Fed Official Says US Central Bank ‘Actively’ Debating Digital Dollar
Federal Reserve Bank of Dallas President Rob Kaplan says the U.S. dollar faces increasing threats to its status as the global reserve currency.
French Central Banker: The World Needs to Standardize Crypto Regulations
A French central banker is calling for a global regulatory framework on crypto assets.
Fearing USD Decline, Ex-CFTC Heads Propose a Blockchain-Based Digital Dollar
Two former ranking members of the CFTC offered up a plan for a government-sanctioned, blockchain-based digital dollar.
Libra Is ‘Catalytic Event’ for Central Banks, Says Head of Sweden’s Riksbank
Libra, says Stefan Ingves, is forcing central banks to re-consider their primary product: money.
Russian Central Bank Chief: ‘No Obvious Need’ for National Cryptocurrency
Russia’s central bank sees no strong reason to launch a national cryptocurrency that would override the potential risks, according to its chief.
Swiss Central Bank to Explore Use of Digital Franc in Settling Trades
Switzerland’s central bank and the SIX stock exchange will study using a central bank digital currency to settle trades of tokenized assets.
Fed Official Says Digital Central Bank Currency Is ‘Inevitable’
Philadelphia Federal Reserve bank president Patrick Harker said it is “inevitable” for the central banks to start issuing digital currency.
ING’s Chief Economist Predicts Central Bank Digital Currencies in 2-3 Years
Dutch bank ING’s chief economist has said Facebook’s Libra is pressuring central banks to launch their own digital currencies, and soon.
‘No Argument’ for Replacing Dollar’s Global Role With Crypto: Ex-Fed Official
The ex-official pushed back at a suggestion from the chief of the Bank of England that a Libra-like crypto should replace USD in global markets.