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ECB Official Says Wholesale Central Bank Digital Currency a ‘Viable Option’
A European Central Bank council member has come out generally in favor of wholesale central bank digital currencies.
Russian Central Bank to Consider Gold-Backed Cryptocurrency
The Bank of Russia will consider the use of a gold-backed cryptocurrency to facilitate international settlements, according to its governor.
Boston Fed Announces Plans To Design a Blockchain ‘Supervisory Node’
The Boston Federal Reserve is close to launching their own private supervisory node.
Central Banks Settle Cross-Border Payments With Blockchain for First Time
The central banks of Canada and Singapore have for the first time settled cross-border payments using blockchain and central bank digital currencies.
Over 40 Central Banks Are Considering Blockchain Currencies: Davos Report
More than 40 central banks are experimenting with blockchain, says a new report by the World Economic Forum.
Pakistan Central Bank Eyes Digital Currency Launch by 2025
The State Bank of Pakistan, the country’s central bank, is reportedly considering launching a digital currency as part of a modernization drive.
Central Banks See ‘No Value’ in Issuing Digital Currency: BIS Chief
BIS chief Agustin Carstens has said that central banks are wary about issuing digital currencies due to the "huge operational consequences."
Iran’s Government Is Using Crypto Startups as Part of Its Blockchain Embrace
Sources in Iran say the country's financial sector is taking clear steps toward a state-backed token economy.
Korean Central Bank Study: Issuing Digital Currency Poses Financial Risk
A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.
Saudi Arabia, UAE Aim to Cut Payments Costs With Common Digital Currency
Saudi Arabia and the United Arab Emirates are hoping a shared digital currency can cut remittance costs between the two countries.
Bitcoin’s Proof-of-Work Algorithm Needs Replacing, Argues BIS Study
The proof-of-work algorithm used by bitcoin and some other cryptos is not viable in the long term, argues a Bank of International Settlements study.
South Africa’s Central Bank Proposes Rules for Crypto Companies
Crypto exchanges and wallet providers would have to register with regulators under rules proposed by South Africa’s central bank.