central banks

central banks

Policy

China Will 'Undoubtedly' Pursue Digital Yuan, Central Bank Says

The People’s Bank of China has sent one of its strongest signals yet of a commitment to creating a digital national currency.

GETTING SERIOUS: “The People’s Bank of China (PBoC) will undoubtedly further its research and development of the national digital currency,” according to a summary of an annual meeting. (Credit: Shutterstock)

Policy

South Korean Central Bank Accelerates Digital Currency Pilot to Keep Up With Other Nations

The Bank of Korea has historically been skeptical about CBDCs, but now it's having to keep up.

Credit: Shutterstock

Markets

BIS Researchers Say Coronavirus Could Spur Central Banks to Adopt Digital Payments

BIS researchers think COVID-19 may accelerate the adoption of digital payments and sharpen the debate over central bank digital currencies.

"Perceptions that cash could spread pathogens may change payment behaviour by users and firms,” the researchers said. (Credit: Myra Thompson / Shutterstock)

Markets

After Coronavirus 'War,' Bretton Woods-Style Shakeup Could Dethrone the Dollar

Seismic shifts might be in the offing for the global monetary system — a phenomenon that historically has occurred in the wake of world wars.

OLD GUARD: The Bretton Woods gathering in 1944 entrenched the dollar’s near-century-long reign as the world’s dominant currency (Credit: U.S. Office of War Information in the National Archives, via World Bank).

Policy

4 Reasons Central Banks Should Launch Retail Digital Currencies

Central banks have four good reasons to adopt digital currency: financial stability, identity management, inclusion and consumer protection.

The Bank of England (Credit: Wikimedia Commons)

Policy

80% of Australians Know About Crypto but Only 1% Use It: Central Bank Study

Fewert than 1 percent of surveyed Australians paid for consumer goods with cryptocurrency in 2019, according to a new study by the Reserve Bank of Australia.

Bitcoin payment. Credit: Shutterstock/Martin Lukasek

Policy

Experts Say the Fed's QE Program Will Strengthen Bitcoin – One Way or Another

While QE may be anathema to crypto hardliners, some experts agree the net effect on bitcoin prices is positive.

Federal Reserve building

Policy

That Noise You're Hearing? Central Banks Struggling to Evolve

Noelle Acheson looks at the evolving role of central banks in the context of the current crisis, and what that could mean for crypto.

Image via Shutterstock

Policy

BIS Paper Reckons With P2P Payments, Tokenized Securities, Central Bank Digital Currencies

Researchers at the Bank for International Settlements say the future of payments may be peer to peer, but a number of considerations must be satisfied before distributed ledger-based systems can go mainstream.

“The most transformative option for improving payments is a peer-to-peer arrangement that links payers and payees directly and minimizes the number of intermediaries,” said BIS chief Agustin Carstens (center). (Image: Wikimedia)

Policy

Central Bankers From Canada, Netherlands, Ukraine Call Blockchain Unnecessary for Digital Fiat

Central bank digital currencies have been a hot topic in blockchain circles recently, but central banks are lukewarm about blockchains.

Sveriges Riksbank is trying R3's Corda blockchain just to learn about the tech. "We need to get our hands dirty," explains Björn Segendorf, a senior advisor in the Swedish central bank's payments department. (Photo by Anna Baydakova for CoinDesk)