MAS, JPMorgan Build Payments System With Inter-Blockchain Connectivity
Working with JPMorgan and Temasek, Singapore's central bank has developed a prototype blockchain-based cross border payments system.
Central Banking
The Fed warned that a stablecoin crisis could wreak havoc on the global economy and outlined the steps issuers must take to protect the status quo.
China's proposed digital yuan should strike a balance between protecting privacy and regulatory enforcement, a central bank official said.
Jerome Powell has said his institution is looking into the possibility of developing a digital currency, but the option throws up many policy questions and unclear benefits.
In a sweeping rejection, the central bank quashed "unfounded" rumors that it had become the first monetary authority to issue a CBDC.
Coeure is to lead the new BIS Innovation Hub in researching and perhaps developing fintech with benefits, such as digital currencies.
