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Russia may be on the way to adopting its own central bank digital currency, according to Anatoly Aksakov, chair of the State Duma’s Financial Market Committee. The Russian Parliament is studying three bills, introduced in March, to regulate smart contracts, digital currencies, cryptocurrency mining, and initial coin offerings (ICOs). Now...
A report on central bank digital currencies has found that 61% of institutions don’t think a blockchain is necessary due to low efficiency gains during trials. IBM Survey Finds That Central Banks Won’t Be Introducing CBDCs in Near-Term The report was conducted by IBM and the Official Monetary...
An EU report has concluded that central bank digital currencies (CBDCs) could pave the way towards a more stable financial system due to their ‘disruptive’ ability. It also recognised the opportunities for oppressed countries to use cryptocurrencies, but highlighted the risks of volatility in the crypto market. EU...
South Korea’s central bank has said that it opposes the idea of issuing a central bank digital currency (CBDC). The news comes from the Bank of Korea’s (BOK’s) report about coins and the crypto-ecosystem, which looked at the possibility of issuing a CBDC and also how digital currencies...
The Hong Kong Treasury decided against the notion of creating a central bank digital currency (CBDC) yesterday, but said that they will monitor the situation. Hong Kong is ‘Already Efficient’ Acting Secretary for Financial Services and the Treasury, Mr Joseph Chan, said, in a press release, that Hong...
According to research from the Bank of England (BoE), a central bank issued digital currency has the potential to revolutionize monetary policy. BoE Studies Risks and Benefits of Central Bank-Issued Digital Currency The BoE has been researching how a central bank digital currency (CBDC) would work in practice....
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