Libra Is ‘Catalytic Event’ for Central Banks, Says Head of Sweden’s Riksbank
Libra, says Stefan Ingves, is forcing central banks to re-consider their primary product: money.
The Bank of Russia has backed a potential ban on cryptocurrency payments, according to a state news agency.
China's central bank has formally issued a new plan to crack down on crypto businesses.
The People's Bank of China is said to be preparing to launch pilots for its digital currency in Shenzhen and Suzhou from the end of the year.
A Chinese central bank official has called on commercial banks to adopt blockchain technology in digital finance.
A senior economist at Sweden's Riksbank says central banks need to "keep up" with cryptocurrency advancements like Libra and XRP.