CENTRAL BANK
Central Bank is an institution in charge of monetary policies and regulating commercial banks. The core function of central banks is money issuance (money supply) and the decision on the interest rate through a basket of monetary policies and tools.
German Finance Minister Calls for Speedy Interventions in the Rollout of a Digital Euro
German Finance Minister, Olaf Scholz, sees the digital euro as an ideal innovation to meet the high demand for digital money from businesses and consumers in Europe.
Japan May Take Several Years To Issue a CBDC says Former BoJ Executive
Hiromi Yamaoka, a former executive of the Bank of Japan believes the central bank will need several more years before it can issue its proposed CBDC.
US Federal Reserve Weighs the Pros and Cons of a Digital Dollar CBDC
The US Federal Reserve has continued to research the benefits and impact of implementing a central bank digital currency (CBDC).
Slow and Steady Wins the CBDC Race: Why the US is not Concerned with China's Speed
Slow and steady wins the CBDC Race: there are several reasons why the United States' digital dollar development has an edge over China’s speedy approach to its digital yuan.
Ant Group's IPO Delay Bigger Concern for Asia Tech than US Election
Could the suspension of Ant Group’s $34.5 billion IPO have a greater impact on Asia’s FinTech ecosystem than the United States election?
PayPal CEO Announces Plans for Cryptocurrency Business Expansion to Reach More Users
PayPal CEO discussed the integration of cryptocurrency into its business and potential business partnerships with central banks.
China's Central Bank and Watchdogs Meet with Jack Ma and Ant Group Execs following Regulation Criticism
Ant Group founder Jack Ma and the firm’s top executives met with PBoC and three financial regulators as China published new draft rules for online micro-lending.
Facebook's Libra Sparked CBDC Race, COVID-19 Made Central Banks Realize Its Necessity
Digital innovation and central bank digital currency adoption (CBDC) have been on the rise despite the ongoing COVID-19 pandemic. What has driven CBDC forward?
The Bank of Russia Says CBDC Will Eliminate Challenges Caused by Cryptocurrencies
An executive working at Russia’s Central Bank has stated that a Central Bank Digital Currency could serve as a response to problems being created by cryptocurrencies.
Cambodia Officially Launches Its State-Backed Digital Currency “Bakong”
The National Bank of Cambodia has announced an official launch of a national digital currency that would operate via smartphone apps.