After Xi, China’s Central Bank Gives Blockchain Tech a Pump
The People's Bank has said blockchain is a solution to trade finance asymmetries in the latest promotion of the tech in China.
China's proposed digital yuan should strike a balance between protecting privacy and regulatory enforcement, a central bank official said.
In a sweeping rejection, the central bank quashed "unfounded" rumors that it had become the first monetary authority to issue a CBDC.
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.
Coeure is to lead the new BIS Innovation Hub in researching and perhaps developing fintech with benefits, such as digital currencies.
Working with JPMorgan and Temasek, Singapore's central bank has developed a prototype blockchain-based cross border payments system.