Tag Archives: Central Bank

20Dec/20

Russia’s central bank digital currency: Prospects and problems

Active digitalization of large domestic financial institutions is a noticeable, definitely positive trend. Russia is one of the five world leaders in the speed of transition to cashless payments, and the numberRead More…

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25Apr/20

BIS Innovation Hub Head: COVID-19 Has Exposed The Value of DLT

Benoît Cœuré, the head of the Bank for International Settlements Innovation Hub, recently asserted that central bank digital currencies, or CBDCs, have been brought “into sharper focus” amid the coronavirus pandemic. SpeakingRead More…

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17Mar/20

Changing the Universal Gravitation in the Financial Industry

Acquiring financial knowledge is priceless nowadays and, to tell the truth, has always been. We live in times when the usage of fiat is steadily decreasing in the world’s top-GDP countries, andRead More…

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08Mar/20

Central Bank Officials: DLT Can Improve the Global Financial System

On March 7, three monetary and cryptocurrency experts discussed the challenges and prospects of central bank-issued digital currencies at the Massachusetts Institute of Technology (MIT) Bitcoin Expo 2020. The panelists acknowledged thatRead More…

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08Mar/20

Central Banks Are Exploring Blockchain — but For Their Own Reasons

Despite the interest shown in decentralized ledger technology by central banks, cryptocurrencies continue to be mistrusted by the traditional financial system. This has been made apparent from comments by Andrew Bailey, theRead More…

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20Feb/20

Brazilian Central Bank Promises Instant Payment Platform to Compete With Crypto

The Central Bank of Brazil (BCB) has announced a plan to launch a new near-instant payment system during November. The platform, called the Brazilian Instant Payment Scheme (PIX), will facilitate peer-to-peer andRead More…

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