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Markets

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.

Elvira Nabiullina, Russia central bank chief. (Anton Veselov/Shutterstock)

Markets

China's Central Bank 'Close' to Launching Official Digital Currency

An official at China's central bank has said the institution is nearing the launch of its national digital currency.

Credit: Shutterstock

Markets

Bank of Japan: Adopting Central Bank Crypto Would Mean Dropping Cash

A Bank of Japan official has ruled out the launch of a central bank digital currency because to do so may require the country to abandon cash.

japan, currency

Markets

Marshall Islands Sets Up Non-Profit to Oversee National Digital Currency

The Marshall Islands has set up a not-for-profit organization to oversee the Pacific nation's digital legal tender, the SOV.

Marshall islands flag

Markets

Bundesbank Chief Warns on Risks of Central Bank Digital Currencies

The head of Germany's central bank has said central bank digital currencies could destabilize financial systems and worsen bank runs.

Dr_Jens_Weidmann,_President_of_the_Deutsche_Bundesbank_(7024162425)

Markets

ECB Official Says Wholesale Central Bank Digital Currency a 'Viable Option'

A European Central Bank council member has come out generally in favor of wholesale central bank digital currencies.

Vitas Vasiliauskas

Markets

Digital Renminbi: A Fiat Coin to Make M0 Great Again

Anonymous, cryptocurrencies could become more important in an environment where government money is closely controlled, says Dovey Wan.

(Shutterstock)

Markets

Over 40 Central Banks Are Considering Blockchain Applications: Davos Report

More than 40 central banks are experimenting with blockchain, says a new report by the World Economic Forum.

WEF

Markets

Pakistan Central Bank Eyes Digital Currency Launch by 2025

The State Bank of Pakistan, the country’s central bank, is reportedly considering launching a digital currency as part of a modernization drive.

State Bank of Pakistan

Markets

Central Banks See 'No Value' in Issuing Digital Currency: BIS Chief

BIS chief Agustin Carstens has said that central banks are wary about issuing digital currencies due to the "huge operational consequences."

Agustín Carstens