Central Banking
Facebook Libra Threat Could Spur Work on China's National Digital Currency: PBoC Official
China's central bank could hasten development of its digital yuan to counter the threat posed by Facebook's Libra cryptocurrency, an official says.
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.
BIS Chief: Central Banks May Issue Digital Currencies 'Sooner Than We Think'
The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies.
Swiss Central Banker 'Relaxed' About Facebook's Libra Crypto
A Swiss central banker has suggested that Facebook's cryptocurrency project, Libra, is not ruffling any feathers with the regulator, Reuters reports.
BIS Wants 'Level Playing Field' for Banks Amid Threat from Facebook
The Bank for International Settlements has expressed concerns over the expected disruption as big tech firms like Facebook enter the financial space.
Russia's Central Bank Is Considering Launching a Digital Currency
The head of Russia's central bank has said the institution is investigating the possible future launch of a digital currency.
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.
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.
Russian Central Bank to Consider Gold-Backed Cryptocurrency
The Bank of Russia will consider the use of a gold-backed cryptocurrency to facilitate international settlements, according to its governor.
Boston Fed Announces Plans To Design a Blockchain 'Supervisory Node'
The Boston Federal Reserve is close to launching their own private supervisory node.
