Central Banking

Over 40 Central Banks Are Considering Blockchain Applications: Davos Report

| Nikhilesh De

More than 40 central banks are experimenting with blockchain, says a new report by the World Economic Forum.

Pakistan Central Bank Eyes Digital Currency Launch by 2025

| Yogita Khatri

The State Bank of Pakistan, the country’s central bank, is reportedly considering launching a digital currency as part of a modernization drive.

Central Banks See ‘No Value’ in Issuing Digital Currency: BIS Chief

| Yogita Khatri

BIS chief Agustin Carstens has said that central banks are wary about issuing digital currencies due to the "huge operational consequences."

Blockchain Startups Are Modernizing Iran’s Financial Infrastructure

| Leigh Cuen

Sources in Iran say the country's financial sector is taking clear steps toward a state-backed token economy.

Korean Central Bank Study: Issuing Digital Currency Poses Financial Risk

| Yogita Khatri

A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.

Saudi Arabia, UAE Aim to Cut Payments Costs With Common Digital Currency

| Yogita Khatri

Saudi Arabia and the United Arab Emirates are hoping a shared digital currency can cut remittance costs between the two countries.

Bitcoin’s Proof-of-Work Algorithm Needs Replacing, Argues BIS Study

| Yogita Khatri

The proof-of-work algorithm used by bitcoin and some other cryptos is not viable in the long term, argues a Bank of International Settlements study.

South Africa’s Central Bank Proposes Rules for Crypto Companies

| Yogita Khatri

Crypto exchanges and wallet providers would have to register with regulators under rules proposed by South Africa’s central bank.

Africa Needs Open Currency Competition. It Needs Cryptocurrency

| Terence Zimwara

Africa's various currency crises illustrate why cryptocurrency innovation shouldn't be stifled, says economic analyst Terence Zimwara.

The Era of Central Bank Digital Currencies Is Within Reach

| Kevin Rutter

A phased roll-out of a central bank digital currency is not only possible, but may be what certain regions need, says R3's research lead.