Tag: Central banks
Israel Central Bank: The Economy Will Benefit from CBDCs
Reading time: < 1 minuteBank of Israel deputy governor Andrew Abir challenged the traditional belief that central bank digital currency (CBDC) would have a negative impact on commercial banks.
Indonesia to Start Digital Rupiah Tests This Year
Reading time: < 1 minuteThe Bank Indonesia has declared its plans to conduct trials of a digital rupiah until the end of 2024.
The UK Will Launch the Digital Pound After 2025
Reading time: < 1 minuteThe launch of a national digital currency is possible this decade, but not before 2025.
Bank of Mexico: We Will Not Launch a Digital Peso Next Year
Reading time: < 1 minuteThe Mexican authorities intended to launch a national digital currency by 2024.
Bank of Turkey Completes First Stage of Testing of the Digital Lira
Reading time: < 1 minuteThe Central Bank of Turkey has just announced the completion of the first phase of the digital lira.
Australia Intends to Start Testing its Own CBDC Next Year
Reading time: < 1 minuteThe Reserve Bank of Australia (RBA) has just announced a pilot trial of a national digital currency (CBDC) in the first half of 2023.
BIS: Central Banks Should Build “Bridges” Between CBDC Platforms
Reading time: < 1 minuteThe Bank for International Settlements (BIS) has given its support to the central banks’ plans to create national digital currencies (CBDCs).
India’s Central Bank Warns Against Risks Associated with Crypto
Reading time: < 1 minuteAccording to the latest report published by the Reserve Bank of India (RBI), cryptocurrencies are a clear danger and lead to instability in the financial system.
The Central Bank of Kyrgyzstan Warns Citizens Against Crypto Investment
Reading time: < 1 minuteLast week, the central bank of the country again urged citizens not to invest in digital currencies.
Four Central Banks Introduce International Settlement Solution with Several CBDCs
Reading time: < 1 minuteThe BIS Innovation Hub has partnered with the central banks of Australia, Malaysia, Singapore and South Africa to develop two prototypes of a cross-border settlement platform with multiple CBDCs.
