Cryptonews Tags Central Bank

# Central Bank (Page 25)

Proposed Digital Dollar and Digital Yuan Have a Lot in Common – Report

Chinese media analysts believe that there are a number of key similarities between the Digital Dollar Project and the central People’s Bank of China (PBoC)’s digital yuan – but they say that by the time the American project irons out wrinkles, it may be too late to beat Beijing to...

The Hills Are Alive with the Sound of ECB Money Printers Going BRRR

Crypto enthusiasts will be asking themselves if they can already hear money printers going BRRR in some of the world’s biggest economies – after the European Central Bank (ECB) decided to double down on its emergency bond-buying in the wake of the coronavirus pandemic.Cryptocurrency...

Central Banks Could Partner with Private Sector on CBDCs

The idea of central banks running the entire central bank digital currency (CBDCs) show is "out the door," and is being replaced by the private-public partnership, according to Tommaso Mancini-Griffoli, Deputy Division Chief in the Monetary Capital Markets Department at the International Monetary...

, by Sead Fadilpašić

South Korean Central Bank Steps up CBDC Work ‘in Response to COVID-19’

The South Korean central bank has sped up its digital currency issuance progress, per a new report, with officials to begin a tech review several months ahead of schedule.According to Chosun, the central Bank of Korea (BOK) says it has conducted a study of the technological advances required in...

Chinese Central Bank Calls for Yet More Blockchain Adoption

The Chinese central bank’s technology leads have called for more blockchain adoption in the bank’s own operations and the wider, government-owned financial sector.Per Sina, the People's Bank of China (PBoC)’s Financial Technology Committee held its first meeting of the year this...

‘Ridiculous’ Registration Fees Force Dutch Bitcoin Exchange out of Business

A Dutch Bitcoin (BTC) exchange has become one of the first casualties of a new regulatory procedure that requires many of the nation’s crypto-related companies to register with the central bank or close down.The central bank, the De Nederlandsche Bank (DNB), has set a May 18 deadline for...

McDonald’s, Starbucks, Subway May Take Part in Digital Yuan Tests – Reports

McDonald’s, Starbucks and Subway branches could be set to take part in the Chinese central bank’s digital yuan pilots, with Beijing’s efforts to roll out the world’s first central bank digital currency (CBDC) intensifying.Multiple Chinese outlets, including the likes of Sina...

Central Bank Says CBDC Could Learn From Bitcoin, Rejects Decentralization

The move from fiat currencies to new central bank digital currencies appears to be gaining traction, as one of Europe’s biggest central banks admitted that (unspecified) parts of Bitcoin’s underlying technology could be used in creating a new type of currency.The paper, which was...

, by Fredrik Vold

Central Bank of Argentina Tests Blockchain-powered System + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.Adoption newsThe Central Bank of Argentina has started promoting a proof of concept based on blockchain. According to...

, by Sead Fadilpašić

Chinese Central Bank Makes it Official: Digital Fiat Tests to Begin

The Chinese central bank, the People’s Bank of China (PBoC), has officially confirmed a number of digital currency testing reports – and has indicated that testing will soon begin in the country’s capital, Beijing.The PBoC has also rushed to insist that a digital yuan rollout will...

Digital Yuan Real-world Tests to Begin in May – Chinese Media

Multiple domestic media outlets are reporting today that China is beginning its first tests for what is set to become the world’s first central bank-issued digital currency, with real-world tests coming in May.Chinese outlets say that the digital yuan, known in China as the DCEP (Digital...

Are these the First Images of China’s Digital Yuan? (UPDATED)

Social media users believe they have captured screenshots of a beta version of China’s much-awaited central bank digital currency (CBDC). (Updated at 13:53 UTC: updates in bold). WeChat users are believed to have gained access to the screenshots on Tuesday this week. Images have since been...

IMF Deputy Managing Director Tao Zhang on CBDC Benefits and Risks

Below is a keynote address on central bank digital currency by Tao Zhang, Deputy Managing Director at the International Monetary Fund. London School of Economics, February 28, 2020. ___It’s a real pleasure for me to be here for this conference on China’s Trade and Financial...

It’s Happening: S Korean Central Bank Unveils Plans to Pilot a CBDC

The South Korean central bank, the Bank of Korea (BOK) is “one step closer” to launching a pilot for a central bank digital currency (CBDC) and could start piloting a token as early as December this year – in line with central banks in other regions, which are also thought to be...

Exclusive: QE Won’t Trigger Hyperinflation, says World’s Hyperinflation Expert

Hyperinflation doesn't happen as easily as one may think. "If there hadn't been quantitative easing in 2008, instead of a great recession, we would have had a great depression." Private currency boards would make central banks more disciplined.There has been a lot of discussion recently on the...

, by Sead Fadilpašić

China May Ramp up Digital Currency Progress to ‘Fend off Risk’ from US

The coronavirus pandemic has disrupted China’s economy, but not its digital currency plans. And amid reports that the country is nearing a major breakthrough in its plans to launch a digital fiat, one of the project’s key figures is urging caution lest American rivals steal a march on...

, by Nicole Jao

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