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.
BIS has long taken a cautious approach
Agustin Carstens mocks crypto and Bitcoin. Tech doesn't work for money, he told Bloomberg.
CBN is continuing to develop its eNaira
R3, the CBN's possible technology partner, will help design a new system to give the CBN complete authority over the CBDC.
Bank of Russia to Debut Digital Ruble in April 2023
The Bank of Russia is planning a consumer pilot for the digital ruble and a gold-backed cryptocurrency.
CBUAE Plans to Launch Central Bank Digital Currency
The government plans a uniform, rapid card payment platform.
The UK is a step closer to launching a central bank digital currency
The Bank of England thinks crypto stablecoins and a central-bank-issued "digital pound" might coexist.
The Bank of England and the United Kingdom's Treasury are working on a digital asset
UK's finance minister said the Digital Pound's goal is to create a "trust, accessible, and easy-to-use" digital asset.
CBDC Activity Subsidizes Consumption During Lunar New Year
After COVID-19 restrictions were eased, Chinese local governments are pushing the usage of the country's digital currency, the digital yuan, to boost e-CNY use and consumption.
Montenegrin Prime Minister Dritan Abazovic has announced a pilot digital currency project
After meeting with Ripple at the World Economic Forum, Montenegrin Prime Minister Dritan Abazovic launched a prototype digital currency initiative.
Custodia Bank's Application to Join Federal Reserve Rejected
Custodia, a digital asset bank, was denied membership in the Federal Reserve System.
Deal Box offers $125M blockchain and Web3 venture fund
Deal Box created a $125 million Web3 venture capital fund. Deal Box Ventures will support emerging growth, real estate, fintech, funtech, and social impact firms. It owns Total Network Services, Rypplzz, and Forward-Edge AI. Lesetja Kganyago spoke at WEF 2023 in Davos, Switzerland. Before launching CBDCs, the SARB governor suggested a national dialogue. Crypto barely fits two of three currency standards, he said.