People’s Bank of China has already made it clear that a bank-backed digital currency could be coming.
A German Central Bank executive isn’t worried about cryptocurrencies too much, but says they should still be scrutinized.
The bank is preparing to enter into a deal for the development of the new currency system as part of a scheme dubbed “Project Sand Dollar.”
Vitas Vasiliauskas, who chairs the board of the Bank of Lithuania, recently discussed digital currency and whether it should be wholesale, retail or both.
There is a lot of confusing information coming out of Russia regarding how it is going to view cryptocurrencies going forward.
Singapore’s de facto central bank is reportedly weighing up a scheme that would allow digital-only banks to obtain a license in the country.
More states and central banks are warming up to the idea of blockchain technology and cryptocurrencies, according to a World Economic Forum report.
Agustin Carstens said central banks “are not seeing the value” of issuing their own central bank-backed digital currencies (CBDCs), citing concerns over uncertainties about the impact on the wider monetary system.
The central bank of Ukraine has completed the latest stage of its digital currency pilot, as it continues to investigate the utility and functionality of a so-called “e-hryvnia.”
The Banco Central de Chile (BCC), the central bank of Chile, continues to do everything it can to prevent cryptocurrencies from taking hold in the country.
Not content with just developing its own cryptocurrency, Venezuela is now taking it a notch higher with a proposal to create a central bank for cryptocurrency as part of its efforts to link the Petro token to its new bolivar currency, according to a Reuters report.