Tag: Central banks
Czech Central Bank’s Coinbase Buy Signals Crypto Reserve Strategy Shift
Reading time: < 1 minuteThe Czech National Bank (CNB) has taken a step toward crypto adoption by purchasing $18.1 million in Coinbase stock, per its latest SEC disclosure.
China to Expand Digital Yuan Worldwide
Reading time: < 1 minuteChina is ramping up efforts to promote its central bank digital currency (CBDC) worldwide, with PBoC Governor Pan Gongsheng announcing a new Shanghai-based international operations center for the digital yuan.
Israel Central Bank: The Economy Will Benefit from CBDCs
Reading time: < 1 minuteBank of Israel deputy governor Andrew Abir challenged the traditional belief that central bank digital currency (CBDC) would have a negative impact on commercial banks.
Indonesia to Start Digital Rupiah Tests This Year
Reading time: < 1 minuteThe Bank Indonesia has declared its plans to conduct trials of a digital rupiah until the end of 2024.
The UK Will Launch the Digital Pound After 2025
Reading time: < 1 minuteThe launch of a national digital currency is possible this decade, but not before 2025.
Bank of Mexico: We Will Not Launch a Digital Peso Next Year
Reading time: < 1 minuteThe Mexican authorities intended to launch a national digital currency by 2024.
Bank of Turkey Completes First Stage of Testing of the Digital Lira
Reading time: < 1 minuteThe Central Bank of Turkey has just announced the completion of the first phase of the digital lira.
Australia Intends to Start Testing its Own CBDC Next Year
Reading time: < 1 minuteThe Reserve Bank of Australia (RBA) has just announced a pilot trial of a national digital currency (CBDC) in the first half of 2023.
BIS: Central Banks Should Build “Bridges” Between CBDC Platforms
Reading time: < 1 minuteThe Bank for International Settlements (BIS) has given its support to the central banks’ plans to create national digital currencies (CBDCs).
India’s Central Bank Warns Against Risks Associated with Crypto
Reading time: < 1 minuteAccording to the latest report published by the Reserve Bank of India (RBI), cryptocurrencies are a clear danger and lead to instability in the financial system.
