Central Banking

PBoC Op-Ed Pushes Use Case for Yuan-Pegged Crypto Stablecoins

| Wolfie Zhao

A researcher from the People's Bank of China voiced support for yuan-pegged stablecoins in an op-ed published Tuesday.

bahrain, sunrise

Middle East’s First Central Bank-Backed Crypto Exchange to Launch in 2019

| Leigh Cuen

After a year in the Central Bank of Bahrain's regulatory sandbox, Rain Financial is gearing up to offer crypto on-ramps from all regional currencies.

India’s Central Bank Denies ‘Formal Creation’ of Blockchain Unit

| Aditi Hudli

The Reserve Bank of India has denied officially forming a new unit to research AI and blockchain technology, despite reports to the contrary.

R3’s Hearn and Brown Say Enterprise Blockchain’s Day of Reckoning Is Here

| Ian Allison

Bitcoin apostate Mike Hearn and his R3 colleague Richard Gendal Brown view the enterprise blockchain game as, if not quite zero-sum, something close.

ECB Has ‘No Plans’ to Issue a Digital Euro, Says Mario Draghi

| Daniel Palmer

The chief of the European Central Bank, Mario Draghi, said Friday that the institution has "no plans" to issue a digital currency, Reuters reports.

Indian Central Bank Argues Cryptos ‘Not Valid’ as Currency in Court Battle

| Daniel Palmer

The Reserve Bank of India has argued at the Supreme Court that bitcoin cannot be recognized as either money or currency.

PBoC’s Digital Currency Lab Launches New Research Center

| Wolfie Zhao

The Digital Currency Research Lab within China's central bank is expanding to Nanjing to enable wider deployment of blockchain and other fintech. 

EU Lawmakers Weigh ‘Standard’ for ICOs Under Crowdfunding Rules

| Nikhilesh De

Members of the European Parliament convened with experts on Tuesday to discuss a proposal for standardizing ICO rules around the EU.

PBoC-Backed Blockchain Trade Finance Platform Enters Test Phase

| Wolfie Zhao

A blockchain trade finance platform spearheaded by the People's Bank of China has entered the testing phase ahead of an official roll-out.

bitcoin, map

Venezuela’s Petro Cryptocurrency Is a Gift to Future Generations

| Leon Markovitz

The petro cryptocurrency may be one of the most ill-conceived blockchain projects. But it just might speak to exactly why the tech is gravely needed.