Central Banking


Markets

BIS Chief Slams Bitcoin As Ponzi Scheme and Threat to Central Banks

The head of the Bank for International Settlements has blasted bitcoin as "a bubble," "a Ponzi scheme" and an "environmental disaster."

BIS General Manager Agustin Carstens

Markets

Italy's Economy Minister Blasts Crypto Market Bad Behavior

Italian Economy Minister Pier Carlo Padoan warned on Wednesday that cryptocurrencies are dangerous, but that blockchain technology is not to blame.

DOORSTEP_2016-09-09_EUROGROUP_Ministers_(29558773155)

Markets

'Bitcoin Could Alter the World,' Says Former US Senator

Former New Hampshire governor and three-term senator Judd Gregg has said he believes bitcoin could alter how the world views currency.

Screen Shot 2018-01-30 at 9.07.43 AM

Markets

Swift Signs Agreement With 7 CSDs to Explore Blockchain for Post-Trade

Swift formalizes another major blockchain project by signing a memorandum of understanding with seven Central Securities Depositories.

Swift

Markets

Report: PBoC Quashes Bitcoin Mining Ban Rumor in China

However, regulators in China reportedly plan to withdraw preferential benefits such as tax deductions and cheap electricity available to mining firms.

pboc

Markets

ECB Official Calls for Tax on Bitcoin Transactions

Bitcoin should be regulated and even taxed, according to a European Central Bank (ECB) governing council member.

Ewald Nowotny, ECB

Markets

UK Central Bank Mulls Cryptocurrency Linked To Pounds Sterling

A research unit at the Bank of England is reportedly investigating the introduction of a cryptocurrency linked to the British pound.

Bank of England

Markets

China on a Blockchain? Maybe in 2018

China may have moved to ban crypto activities in 2017, but that doesn't mean the country won't be a major player in the year ahead.

yuan, china

Markets

A Central Bank Cryptocurrency? Not in 2018

Central bank digital currencies may sound like a nice idea, but blogger JP Koning argues they'll remain just that in 2018 – an idea.

Federal Reserve. Credit: Shutterstock

Markets

Malaysia's Central Bank Releases Draft Rules for Cryptocurrency Exchanges

Bank Negara Malaysia published draft guidelines for cryptocurrency exchanges to report their usage statistics to prevent illicit transactions.

Malaysia central bank