Central Bank


Policy

CBDCs, Not Crypto, Will Be Cornerstone of Future Monetary System, BIS Says

A 42-page chapter in the Bank for International Settlements’ annual economic report envisions a future where programmability and tokenization are built on top of central bank digital currencies.

El BIS publicó un capítulo en su Informe Económico Anual que argumentaba que las CBDCs, y no las criptomonedas, impulsarían los sistemas monetarios globales. (Harold Cunningham/Getty)

Policy

BIS Economists Contend Crypto Can't Fulfill the Role of Money

The nature of permissionless blockchains necessarily leads to “fragmentation of the crypto landscape,” according to the central banking group.

Basel, Switzerland, home to the BIS (Allan Baxter/Getty images)

Policy

‘This Is the Usual’: Thai Central Bank Governor on CBDC Pilot Delay

A retail central bank digital currency will probably replace cash but not other means of payment out there, including private methods, the governor said.

Sethaput Suthiwartnarueput, governor of the Bank of Thailand, at the World Economic Forum Annual Meeting in Davos, Switzerland. (Nikhilesh De/CoinDesk)

Policy

After Armstrong Tweet, India's Crypto Policy Body Says No Contempt of Court Challenge vs. RBI

The Coinbase CEO last month suggested the RBI's "shadow ban" of crypto exchanges violated a Supreme Court ruling.

CoinDesk placeholder image

Policy

Indian Central Bank Says Cryptos Could Lead to ‘Dollarization’ of Economy: Report

RBI officials said cryptocurrencies could undermine the central bank's capacity to regulate the flow of money.

Parliament House in New Delhi, India (Unsplash)

Policy

Argentina Was at the Cusp of a Crypto Boom. The Central Bank Had Other Plans

The local monetary authority surprised banks by banning them from offering crypto, but so far it's left local exchanges alone.

Buenos Aires, Argentina (Sasha Stories/Unsplash)

Policy

Argentina's Central Bank Bans Lenders From Offering Crypto Services

The announcement on Thursday afternoon comes after the IMF last month approved a $45B loan facility for Argentina that stipulated the country would discourage the use of cryptocurrencies.

Banco Central de la República Argentina (Shutterstock)

Policy

Swiss National Bank Owns No Bitcoin, but Could Buy in the Future, Chairman Says

While bitcoin today doesn't meet norms for currency reserves, said Thomas Jordan, there's no technical bar to purchases.

Swiss currency (Stefan Wermuth/Bloomberg/Getty Images)

Finance

CLabs to Work With eCurrency to Integrate CBDCs With DeFi

Through the partnership, central banks launching CBDCs will be able to use the Celo blockchain to gain access to DeFi products.

Celo team

Policy

Honduras’ Central Bank Debunks Bitcoin as Legal Tender Rumors

The BCH is, however, studying the feasibility of a central bank digital currency.

Honduras's flag (Hector Emilio Gonzalez/Unsplash)