Browsing the "Central Bank Digital Currency" Tag

BIS Chief: Central Banks May Issue Digital Currencies ‘Sooner Than We Think’

| Daniel Palmer

The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies.

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.

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.

Eastern Caribbean Central Bank to Test Blockchain Legal Tender

| Daniel Palmer

The ECCB is about to conduct a pilot for a blockchain-based central bank digital currency in preparation for a planned full rollout.

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.

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.

PBoC Is Seeking Blockchain Talent to Help Build Its Central Bank Crypto

| Wolfie Zhao

China's central bank is looking to recruit blockchain tech and legal experts as it continues development of a yuan-based digital currency.

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.

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.

Iran’s Recognition of Crypto Mining Prompts Local Bitcoin Price Spike

| Wolfie Zhao

The Iranian government has recognized bitcoin mining as a lawful activity, briefly sending bitcoin prices to record levels at the country's exchanges.