Central Banking

A Central Bank Cryptocurrency? Not in 2018

| JP Koning

Central bank digital currencies may sound like a nice idea, but blogger JP Koning argues they'll remain just that in 2018 – an idea.

Malaysia’s Central Bank Releases Draft Rules for Cryptocurrency Exchanges

| Nikhilesh De

Bank Negara Malaysia published draft guidelines for cryptocurrency exchanges to report their usage statistics to prevent illicit transactions.

Saudi, UAE Central Banks Team Up to Test Cryptocurrency

| Stan Higgins

The central banks of the United Arab Emirates and Saudi Arabia are reportedly testing a new cryptocurrency for cross-border payments.

Closing China’s Bitcoin Exchanges Was the Right Move, Says PBoC Official

| Sujha Sundararajan

The vice governor of the People's Bank of China has said that regulators took the right decision in banning ICOs and closing cryptocurrency exchanges.

money, ukraine

The Ukrainian Central Bank Is Expanding Its Blockchain Team

| Michael del Castillo

Ukraine's central bank has expanded the group of people working to move the country's national currency to a blockchain.

Invest in Bitcoin ‘At Your Own Risk,’ Warns French Central Bank

| Daniel Palmer

The governor of the Bank of France has warned on the risks of investing in bitcoin, calling the cryptocurrency "speculative."

Fed Vice Chair: Cryptocurrencies Threaten Financial Stability

| Nikhilesh De

Decentralized currencies could have "spillover effects" on the wider financial system if they get too big, Fed supervision chief Randal Quarles said.

Yves Mersch

ECB’s Yves Mersch: Banks Need Faster Payments to Counter Bitcoin

| Nikhilesh De

European Central Bank board member Yves Mersch has said banks need to launch instant payments systems to counter the rise of cryptocurrencies.

Russian Central Bank Issues New Warning Against Cryptocurrencies

| Nikhilesh De

Russia's central bank warned against investing in cryptocurrencies in its annual Financial Stability Report released Tuesday.

Roman Sulzhyk

Ex-Moscow Exchange Exec Emerges as Blockchain Boss

| Michael del Castillo

A former executive of the National Depository of Ukraine left because of politics, but found "game-changing" opportunities in blockchain.