Central Banking


Policy

South Korea’s Central Bank Starts Technical Phase for Digital Currency Ahead of 2021 Pilot

The Bank of Korea is seeking a partner to help develop the architecture for a potential central bank digital currency.

Bank of Korea

Markets

CBDC Issuance Is 'Not a Reaction' to Libra, Says Central Bank Body

The Bank for International Settlements appears to contradict its own prior statements in a new digital payments report.

Part of the BIS headquarters, the Botta Building in Basel

Policy

Fed Paper: Central Bank Digital Currencies Could Replace Commercial Banks – But at a Cost

The research explores how "central banking for all" via digital currency could affect commercial banks.

Federal Reserve of Philadelphia (Credit: Shutterstock/Bumble Dee)

Tech

Visa Patent Filing Would Allow Central Banks to Mint Digital Fiat Currencies Using Blockchain

The filing details a way for fiat currencies, like the U.S. dollar, to be turned into a central bank digital currency.

shutterstock_613188068

Policy

Private Companies Could Play Role in Digital Currency Issuance, Bank of England Says

Analysts from the U.K.'s central bank said private currencies could work alongside any future CBDC initiative if they offered real utility.

bank of england

Policy

Swedish Central Bank Bids to Host BIS Hub for Digital Currency Research

Sweden’s Riksbank says its digital currency researchers are the best in central banking.

(Image via Wikimedia Commons)

Policy

Bank of Russia Says New Digital Assets Bill Will Outlaw Crypto Trading, Issuance

The central bank is in favor of digital securities, but maintains cryptocurrencies shouldn't be allowed in Russia.

Elvira Nabiullina, governor of the Bank of Russia.

Markets

In Echo of 2008, Fed Pledges $1.5 Trillion Injection to Aid Reeling Markets

The pumping of trillions of dollars of fresh liquidity into the financial system recalled the central bank’s unprecedented efforts during the last crisis.

The U.S. Federal Reserve is taking a more cautious approach towards CBDCs than in many other countries, including China.

Policy

Digital Pound Could Present 'Challenges' for UK, Says Mark Carney

The outgoing governor of the Bank of England highlighted the potential risks to monetary governance if a central bank digital currency were to be launched in the U.K.

carney

Policy

India's Central Bank Plans to Fight Supreme Court Crypto Ruling

The Reserve Bank of India reportedly plans to return to the supreme court to ask for a review of a ruling that overturned its ban on banking access for crypto firms.

Reserve Bank of India