The central bank won’t pursue a CBDC for the duration of Governor Benjamin Diokno’s term, which ends in 2023.
Bitcoin is both a long-term safe haven and short-term speculative asset, Ball said.
The Central Bank of Sri Lanka is about to decide which firm will develop a blockchain platform that could speed the processing of bank users’ ID information.
The Bank of Korea has set up a legal panel to advise on possible regulatory sticking points for a future CBDC issuance.
Crypto custodian Copper is joining the Official Monetary and Financial Institution Forum’s new think tank to discuss how central banks are evaluating digital currencies.
The central bank claims to have distributed ‘part’ of a recent $13 billion bank “liquidity enhancement” using blockchain tech.
Russia’s is eyeing use cases for blockchain even as proposed legislation will clamp down on crypto.
India’s commercial banks can indeed provide banking services to traders and firms dealing in cryptocurrencies, the RBI has clarified.
CBDCs might seem to be anathema to the mission statement of bitcoin, but they may prove to be a valuable on-ramp for new investors.
Forty-six central banks would consider a broader form of distributed ledger technology for a CBDC but aren’t crazy about putting it on a blockchain.