Search Results for "settlements"
Japan Aims to Curb the Potential Influence of China’s Digital Currency With Help From the US
Aiming to curb the potential influence of China’s digital currency electronic payment, its nation’s central bank digital currency, Japan is looking to release its own digital currency proposals today. According to Prime Minister Shinzo Abe, the country is also requesting support from the US Federal Reserve.
South Korea’s Central Bank Launches Central Bank Digital Currency Pilot Program in Case of Future Necessity
South Korea’s central bank recently announced that it has launched a pilot program assessing the issuance of a central bank digital currency (CBDC). The Bank of Korea has stated that there are no immediate plans to launch a CBDC, however, the pilot program will allow the central bank to be prepared in the future if the changing market conditions require its issuance.
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.
"Bitcoin Is Risky," Says BIS Chief as Crypto and Unconventional Stocks like GameStop Gain Support
The Bank for International Settlements remains skeptical of Bitcoin, echoing the sentiments of many traditional banking institutions.
Bank of International Settlement Revealed Positive Outlook on Central Bank Digital Currencies
The Bank for International Settlements (BIS), a coalition of 62 central banks, has weighed in on the trending topic of central bank digital currencies (CBDCs). The global central bank noted a positive interest by central banks to develop their state-backed digital currencies.
Tezos Blockchain Chosen for French Digital Euro by Societe Generale-Forge
Societe Generale-Forge has selected the Tezos blockchain for its central bank digital currency (CBDC) experiment with the French central bank.