central banks

central banks

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)

Markets

New Central Bank Group to Discuss Digital Currency Benefits at April Meeting: Report

The heads of six major central banks will hold their first meeting in April on potentially developing their own digital currencies, Nikkei says.

meeting

Markets

WEF Launches Global Consortium for Crypto Governance

The WEF is creating a global consortium to develop a governance framework for cryptocurrencies, including stablecoins.

Davos 2020 image by Aaron Stanley for CoinDesk

Markets

In Race for 2030 Currency Supremacy, the Dollar Is Its Own Worst Enemy

As the roaring '20s begin, the U.S. dollar looks as strong as ever. But signs of decline are on the horizon.

"The Funding Bill" by Eastman Johnson, 1881, via the Metropolitan Museum of Art

Policy

A Decade of Quantitative Easing Has Paved the Way for the Age of Digital Currency

Ten years of central bank quantitative easing have fostered big distortions in the global financial system, setting it up for a major architectural shift.

CentralBankBalanceSheets_CoinDeskResearch

Markets

China's Central Bank Likely to Pilot Digital Currency in Cities of Shenzhen and Suzhou: Report

The People's Bank of China is said to be preparing to launch pilots for its digital currency in Shenzhen and Suzhou from the end of the year.

yuan, reminbi

Policy

Russian Central Bank Says It Would Support Crypto Ban

The Bank of Russia has backed a potential ban on cryptocurrency payments, according to a state news agency.

Bank of Russia

Markets

Chinese Central Bank Plans to Nip Young Crypto Businesses 'In the Bud'

China's central bank has formally issued a new plan to crack down on crypto businesses.

Shutterstock

Markets

Chinese Central Bank Official Calls for Commercial Bank Blockchain Adoption

A Chinese central bank official has called on commercial banks to adopt blockchain technology in digital finance.

china, yuan

Finance

Libra Shows Central Banks' Failure on Cross-Border Payments: Riksbank

A senior economist at Sweden's Riksbank says central banks need to "keep up" with cryptocurrency advancements like Libra and XRP.

krona-sverige