Central Banking

India Eyes State Digital Currency to Cut $90 Million Banknote Bill

| Wolfie Zhao

The Reserve Bank of India is mulling a central bank digital currency as a means to reduce the country's huge spend on minting physical cash.

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As Central Banks Go Digital, Crypto Competition Looms

| Michael J Casey

The race is on to build the best "stablecoin" – a cryptocurrency with mechanisms aimed to reduce price volatility built in.

Thailand’s Central Bank Is Developing a Digital Currency Based on R3 Tech

| Wolfie Zhao

The Bank of Thailand is developing its own digital currency, aiming to complete a first proof-of-concept by March 2019.

Bitt Inks Blockchain Deal With Another Caribbean Central Bank

| Nikhilesh De

Bitt is partnering with the Centrale Bank van Curaçao en Sint Maarten to look into issuing a central bank-backed digital currency for the two…

Central Bank Crypto Could Bring Economic Gains: Bank of Canada Paper

| Wolfie Zhao

Central bank-issued cryptocurrency could bring economic welfare gains for Canada and the U.S., according to a researcher from Canada's central bank. 

Venezuela’s New National Currency Will Be Tied to the Petro, Says President

| Daniel Palmer

Venezuela is replacing its national currency, the bolivar, with a new one that will reportedly be tied to its controversial "petro" token.

Iran Plans National Cryptocurrency as New US Sanctions Loom

| Wolfie Zhao

Iran may soon issue its own cryptocurrency in a move aimed to bypass economic sanctions enacted by U.S. President Donald Trump.

UK Central Bank Says New Payments System Will Be Blockchain Friendly

| Anna Baydakova

The Bank of England confirmed it is going to update its Real-Time Gross Settlement system to potentially interact with blockchain-based forms.

G20 Eyes October Deadline for Crypto Anti-Money Laundering Standard

| Wolfie Zhao

G20 member countries are looking at an October deadline for reviewing and implementing a global AML standard on cryptocurrency assets.

Fed Chair: Cryptocurrencies Are ‘Great’ For Money Laundering

| Madeline Meng Shi

Federal Reserve Chairman Jerome Powell criticized cryptocurrencies during a hearing on Capitol Hill.