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“# BIS joins France and Switzerland’s central banks on cross-border CBDC project ” The Bank of France and the Swiss National Bank are teaming up with the Bank for International Settlements’ Innovation Hub to test a wholesale central bank digital currency (CBDC) system dubbed “Project Jura.” According to a release by the Bank of France…
“# Stablecoins not that radical, says Bank of England official ” There has been much commotion about stablecoins amongst central bankers, regulators and lawmakers in recent years, most notably in the furor surrounding Facebook’s repeated attempts to launch variously designed stablecoins that would be native to its multiple social media platforms. Not everyone in the…
“# Hong Kong includes central bank digital currency in fintech strategy ” The Hong Kong Monetary Authority (HKMA) has published its “Fintech 2025” strategy with central bank digital currencies (CBDC), both retail and wholesale, included in the digital finance innovation package. Unveiling the fintech strategy via a release issued on Tuesday, CBDCs will reportedly play…
“# Ghana gearing for central bank digital currency pilot ” The Bank of Ghana (BoG) is reportedly moving towards the introduction of a central bank digital currency (CBDC) experiment. Speaking during a news conference in Ghana’s capital, Accra, on Monday, Ernest Addison, governor of the country’s central bank revealed that the BoG was in the…
“# Indian central bank remains anti-crypto, affirming ‘no change’ in its stance ” Its infamous circular directing banks to cease servicing crypto firms may have been overturned in the courts but India’s central bank is showing no signs of softening its stance towards cryptocurrencies. Reserve Bank of India Governor Shaktikanta Das reiterated the institution’s position in…
“# Shanghai Man: ‘Green-light’ for miners? CZ not responsible for BSC, Uniswap frauds on TV ” This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Could green miners get a pass? Last…
“# Russian central bank policies stop Tinkoff from offering crypto trading, CEO says ” Tinkoff, a major private bank in Russia, is struggling to offer cryptocurrency trading to its clients due to the central bank’s tough stance on digital assets. Tinkoff CEO Oliver Hughes said that the digital bank is willing to offer crypto trading…
“# ECB says digital euro may be needed to combat ‘artificial currencies’ ” The European Central Bank has warned that a CBDC or digital euro may be required to head off the spectre of “artificial currencies” dominating cross-border payments. In ECB’s annual review of the euro dubbed “The international role of the euro”, economists Massimo…
“# China to hand out $6.2M in new digital yuan trial in Beijing ” The Chinese government is launching another digital yuan lottery to stimulate its ongoing digital currency trials, this time in the capital of Beijing. The Beijing Local Financial Supervision and Administration officially announced Tuesday that the government will distribute 40 million digital…
“# Bitcoin’s rising popularity will lead to more regulation, says Riksbank ” Cryptocurrencies’ persistent growth and ever more mainstream adoption is keeping international monetary authorities on their toes. In fresh comments this week, Stefan Ingves, the Governor of Riksbank, Sweden’s central bank, said that digital assets’ rising popularity raises the stakes for regulators, central bankers…