U.K. Central Bank opens Digital Pound Labs for CBDC test
The Bank of England plans to launch a sandbox to test a potential central bank digital currency or government-issued digital pound. On Jan. 14, the BoE published a progress report outlining possible use cases for a CBDC, business models, and a test phase roadmap focused on blockchain-powered payment systems. Dubbed the “Digital Pound Labs,” the […]
Czech Central Bank governor mulls Bitcoin allocation
Aleš Michl, governor of the Czech National Bank, flirted with the idea of adding Bitcoin to the bank’s reserves but emphasized that the idea remains in its early stages. In an interview with local media CNN Prima News, ČNB governor Aleš Michl said he considers Bitcoin (BTC) an “interesting option” for diversifying the bank’s reserves. […]
China’s central bank spotlights Hong Kong’s crypto licensing system in new report
The People’s Bank of China highlights Hong Kong’s active crypto licensing, as well as the prominence of cryptocurrency as an emerging trend in several countries in its recent Financial Stability report. In an excerpt from the Financial Stability Report 2024, China’s central bank the progress of cryptocurrency compliance in Hong Kong. The report acknowledged how […]
Former finance minister urges German central bank to consider Bitcoin as a reserve asset
Former German Finance Minister Christian Lindner has advocated for including cryptocurrencies like Bitcoin in the European Central Bank and Bundesbank reserves to strengthen financial resilience and keep pace with global trends. According to the German media outlet Handelsblatt, Lindner pointed to the United States, where the incoming Donald Trump-led administration is looking to adopt a […]
Russia’s central bank to combat illegal crypto OTC services with new surveillance platform: report
Russia’s central bank is set to develop a new platform that would help it crack down on illegal crypto OTC services and suspicious financial activities. The central bank of Russia is reportedly planning to create a new platform aimed at making it more difficult for shadow businesses to misuse banking services for illegal activities, including […]
BIS and 7 central banks to explore asset tokenization through Project Agora
Seven major central banks have signed on BIS’ novel initiative. Source link
