Central Bank
Mar 25, 2020 at 10:15
Central Bank of Russia Reveals New Amendments to Bill on Cryptocurrency
The Central Bank of Russia (BoR) has shared some important statements about proposed cryptocurrency legalisation, especially on their issuance and circulation.
Mar 13, 2020 at 12:20
China Adds $4.7M to Realise Blockchain Dreams
The Chinese government has poured an extra $4.7 m into the Peoples Bank of China’s ambitious Blockchain project.The Government released the money to the Central Bank to allow the Bank to complete its forthcoming blockchain-based trading and finance program, which is being established directly by the PBoC.
Feb 22, 2020 at 12:14
Swedish Central Financial Institution Launches Tests of E-Krona Currency
The central bank of Sweden has entered the world's first test of the issuance of their own central bank digital currency (CBDC). This means that the country has become part of those governments (over 15 countries) trying to issue their own CBDC.
Russian Central Bank Approves Pilot Blockchain Project
The bank of Russia (CBR) has successfully completed the pilot of a blockchain and distributed ledger technology (DLT) platform for the release and turnover of digital rights. It enables you to digitize (tokenize) goods, services, securities and other valuable assets. Any company or institution will be able to create cryptocurrencies on the site.
China is Ditching its Paper Money in Attempt to Curb the Spread of Coronavirus
The Chinese authorities move to reduce the use of paper money in the economy in a desperate attempt to control the spread of Coronavirus. Authorities are still puzzled how fast the corona strain is spreading between people.
The Idea to Create State Cryptocurrency Is There but it Still has a Long Way to Go
So far, 15 Central Banks from different parts of the world are jointly considering the creation and adoption of a blockchain to create a digital version of their currencies - a stablecoin. Some, like Russia's, have already taken action. But does it really make sense to talk about "state cryptocurrency" and why have central banks not exploited the virtuous examples already in circulation?
Central Bank Digital Currency is Almost an Oxymoron
The concept of ownership or direct management of a cryptocurrency by a central bank is, in fact, an oxymoron. In fact, cryptocurrency such as bitcoin has the characteristic of being open source, as well as being based on a network of "volunteers" that has already fully - technologically - replaced the old payment system: it is faster, more efficient and above all, it is decentralized without the need for any institution, without any state funding and no one to manage or control it.
Bahamas Set to Launch its own Cryptocurrency, the Sand Dollar
According to the latest reports from the Bahamian government, the country's central bank has moved to launch the country's first bank controlled digital currency. The digital currency dubbed the Sand dollar will be distributed and controlled by the Central bank itself.
Bank of Italy Explores Impacts of New European Directive on Blockchain
The central Bank of Italy (Bankitalia) recently addressed the topics of bitcoin, cryptocurrencies, Blockchain and distributed ledger technology (DLT), in a detailed paper, as well as investigating the impacts of the new European directive on payment services, also called Payment Services Directive 2 (PSD2).
