Central Banking

Russia’s Central Bank Is Considering Launching a Digital Currency

| Daniel Palmer

The head of Russia's central bank has said the institution is investigating the possible future launch of a digital currency.

Bundesbank Chief Warns on Risks of Central Bank Digital Currencies

| Benedict Alibasa

The head of Germany's central bank has said central bank digital currencies could destabilize financial systems and worsen bank runs.

ECB Official Says Wholesale Central Bank Digital Currency a ‘Viable Option’

| Yogita Khatri

A European Central Bank council member has come out generally in favor of wholesale central bank digital currencies.

Russian Central Bank to Consider Gold-Backed Cryptocurrency

| Daniel Palmer

The Bank of Russia will consider the use of a gold-backed cryptocurrency to facilitate international settlements, according to its governor.

Boston Fed Announces Plans To Design a Blockchain ‘Supervisory Node’

| Anna Baydakova

The Boston Federal Reserve is close to launching their own private supervisory node.

Central Banks Settle Cross-Border Payments With Blockchain for First Time

| Yogita Khatri

The central banks of Canada and Singapore have for the first time settled cross-border payments using blockchain and central bank digital currencies.

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.