Central Bank

World Will Need Gold if Entire System Collapses

Fiat money will become inferior to gold in the event of a total collapse of the world’s financial system, one of Europe’s centr...
October 14, 2019
9

Swiss National Bank to Research CBDCs at New BIS Innovation Hub Centre

The Swiss National Bank (SNB) and Bank for International Settlements (BIS) have signed an agreement to cooperate on the BIS Inn...

Central Bank Digital Currency Is ‘Inevitable,’ says the Fed’s Patrick Harker

Patrick Harker, president of the Federal Reserve Bank of Philadelphia, is confident that central bank digital currencies are in...

Facebook Will Create ‘Shadow Banking’ System, Major U.S. Banks Warn

Facebook’s crypto project Libra will potentially create a “shadow banking” system, according to the banks at the Federal Adviso...

Digital Currency Has ‘No Timetable’ for Launch

China has no specific launch date in mind for its digital currency, its central bank has said in fresh comments contradicting p...
September 24, 2019
15

Libra Seen as Threat to National Currency Sovereignty, Pleads With G-7

Public authorities across the globe continue to press the developers of Libra, Facebook’s proposed stablecoin-like digital asse...

Stablecoins Pose Risks to Public Policy Priorities

A board member of the European Central Bank (ECB) has argued that stablecoins like Facebook’s long-awaited Libra coin pose risk...

Libra Does Not Threaten Sovereignty of Nations, Says Calibra CEO

CEO of Calibra, Facebook’s digital wallet for its proposed Libra stablecoin, has attempted to debunk the notion of Libra’s thre...

No One in the World Is Any Closer to CBDCs than China

China has the most progressive approach to central bank digital currencies (CBDCs) to date, according to Circle CEO Jeremy Alla...

China’s National Crypto Similar to Libra, Central Bank Official Says

A top official at China’s central bank has confirmed that the country’s forthcoming digital currency will bear similarities to ...