The Swiss National Bank and SIX Group to research digital central bank money within new BIS Innovation Hub
Central banks can benefit from digital currencies but they don’t necessarily need a blockchain, says Chile’s top central banker
A forum of central banks will meet with Libra on Monday to assess the purported financial stability risks of the project
Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden. India has also included the digital rupee in the country’s draft cryptocurrency bill. Also […]
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A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements. Also read: G20 Leaders Issue Declaration on Crypto Assets – […]
The post How 10 Countries Respond to Facebook’s Libra Cryptocurrency appeared first on Bitcoin News.
The BIS is in the process of helping banks launch digital currencies, contradicting previous statements
The Bank of International Settlements warns that financial services offered by big techs such as Facebook, Google and Amazon could create new risks for the banking sector
Agustin Carstens, general manager at the Bank for International Settlements, gave a warning against the issuance of central bank digital currencies during a speech
BIS-backed global banking authority the Basel Committee has issued a sceptical statement on crypto assets, saying they’re “unsafe to rely on” as money
The future viability of Bitcoin’s use of the proof-of-work consensus has been called into question by a report from the Bank of International Settlements