Central Bank News and Articles

The Central Bank of the Republic of Turkey presented a report to parliament detailing its views on cryptocurrencies. The document, which fell into the hands of journalists, lists the inherent risks of digital assets. In particular, the Central Bank drew attention to environmental problems....

Turkey's central bank disallowed payments with cryptocurrencies and crypto assets saying they include transfer risks and can cause irrecoverable damage. Media of the country reported that the central bank's instructions placed at the “Regulation on the Disuse of Crypto Assets in Payments” paper...

The Reserve Bank of India (RBI), the country's central bank, is looking into the need to launch its digital currency (CBDC). In a brochure on payments systems published on Monday, January 25, RBI said it is going to explore launch options if the need for the digital rupee arises. “Private digital...

Central Bank of France published the CBDC (Central Bank Digital Currency) test results. The experiment took place on December 17. During it, the first time performed CBDC transaction had success. The bank used a private blockchain of the French fund administration platform called IZNES. Blockchain...

Large financial institutions in Japan support the country's central bank's aspiration to issue a national digital currency (CBDC). For example, the CEO of Monex Inc., Oki Matsumoto, told reporters that the arrival of the digital yen would strengthen the country's position in the global market....

The Reserve Bank of Australia builds a partnership to find out the opportunities of practicing a blockchain-based central bank digital currency in a wholesale form. Today the officials informed the bank will be cooperating with the National Bank, an Australian multinational bank CommBank, the fund...

The European Central Bank expects that the digital euro (CBDC) will be used not only in the European Union but also in other countries. That is stated in the report of the regulator, published at the end of last week. It also notes that research into the creation and application of CBDCs will...

The number of countries wishing to develop their digital currency continues to grow. This week, the Central Bank of Thailand announced the launch of a project to create its token (CBDC). The regulator’s statement notes that before the official release of the cryptocurrency, it is planned to test...

In Russia, cryptocoins and blockchain can be tested within the framework of “regulatory sandboxes,” follows from a bill prepared by the Ministry of Economic Development. This is reported by Izvestia. The bill was submitted to the State Duma on March 17. According to it, the experimental legal...

The Reserve Bank of India plans to file a motion to review the Supreme Court's decision to regulate the first crypto coin and other cryptocurrencies. It is reported by the Economic Times. According to the publication, the regulator fears that the decree could lay the foundation for crypto trading...

The Swiss non-governmental organization World Economic Forum (WEF) has introduced the first of its kind guide for central banks developing their own digital coins. This was reported on the WEF website. The CBDC Policy Maker Toolkit framework provides guidelines for central banks in various...

Bahamian Central Bank is going to present a digital version of the Bahamian Dollar. The announcement on the official website was declared on December 24, and according to it, CBOB is going to issue CBDC pilot on December 27. The pilot is going to continue in the first half of 2020 to Abaco, barrier...

On Thursday, November 21, five commercial and technology specialists led by People’s Bank of China collectively issued the Bluebook of Blockchain, mentioning all criminal and deceitful systems in the sphere. Head of the nonprofit Beijing Blockchain Application Association Yedong Zhu said that...

The People’s Bank of China (Central bank) is going to certify eleven types of business technology hardware and software that are mostly used for blockchain and digital payment services with new Chinese accreditation system known as the Certification of Fintech Products. The bank published the...

A banker from a French Central Bank says that the world needs a regulatory framework for crypto assets. Denis Beau, an executive chief of Banque De France said during the Official Monetary and Financial Institutions Forum in London that there is a necessity for overall consistency to prevent...

Facebook's digital currency Libra has pushed central banks to reform their work. This was stated by the head of the Bank of Sweden Stefan Ingves, noting that the regulator is exploring the possibility of issuing its digital currency. In a conversation with CNBC, he called Libra “an incredibly...

Russia’s central bank chief said that the bank may create its own digital currency. On an appointment with students, chairwoman Elvira Nabiulina mentioned that it is not possible to perform this project rapidly but the majority of world’s central banks, including Russia’s, are taking into...