Tag: Central banks
BoE to Exempt Exchanges from Strict Stablecoin Caps, Bloomberg Reports
Reading time: < 1 minuteThe Bank of England will introduce exemptions to its planned caps on stablecoin holdings, Bloomberg reported Tuesday.
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).
