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.
Estonia, a country in Northern Europe, has discarded its original plan for a state-backed cryptocurrency.