central banks | ForkLog

ForkLog 16 02.12.2020

National Bank of Ukraine initiates bill granting itself the right to issue the e-hryvnia

The National Bank of Ukraine continues to study the possibility of issuing a digital version of the hryvnia. This was stated by NBU Chairman Kyrylo Shevchenko.

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ForkLog 10 29.10.2020

How China’s Digital Yuan (DCEP) Put It at the Forefront of Monetary Innovation

In 2020 many countries stepped up efforts to develop their own central bank digital currencies (CBDCs). According to the latest BIS report, 80% of central banks are studying the potential of national digital currencies, and half of them are already experimenting with new payment instruments.

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ForkLog 5 21.10.2020

Bahamas rolls out sovereign digital currency

The Bahamas' central bank digital currency (CBDC), the Sand Dollar, has become available to all residents of the archipelago. The launch took place on 20 October at approximately 22:00 UTC.

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ForkLog 9 09.10.2020

BIS and seven central banks outline core CBDC requirements

The European Central Bank (ECB), the Bank of England, the U.S. Federal Reserve, the Bank of Canada, the Bank of Japan, as well as the central banks of Sweden and Switzerland, in conjunction with the Bank for International Settlements have prepared a special report. It presents the fundamental principles and key characteristics of central bank digital currencies (CBDCs).

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ForkLog 7 09.10.2020

Dutch central bank registers first cryptocurrency company

Amsterdam Digital Asset Exchange (AMDAX) became the first cryptocurrency company with a license from the Dutch central bank.

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ForkLog 19 04.09.2020

How and Why Central Banks Create Digital Currencies (CBDCs)

Experts already describe central bank digital currencies (CBDCs) as one of the most important trends shaping the future of money. According to a BIS report, by early 2019 CBDC research was underway at 70% of central banks. The coronavirus pandemic will only accelerate work on digital currencies across countries.

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ForkLog 4 02.09.2020

Bank of Russia rejects launch of the RAKIB mining pool.

The Bank of Russia has deemed the launch of the National Mining Pool, developed by the Association of Developers and Users of Blockchain Technology (RAKIB), impractical. RBC reports, citing association representatives.

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Krzysztof Shpak 477 18.02.2020

Dmitry Bondar: If There Is Time to Be Afraid of CBDCs, It Is Better to Spend It on Preparation

The beginning of 2020 had a lot for central bank digital currencies. China is seemingly ready to test its own digital cash system, while Western countries are getting on with their research and considerations about CBDCs.

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ForkLog 53 19.04.2016

Bank of Russia Open to Idea of National Digital Currency

Speaking at the conference titled “Blockchain and Open Platforms” held by Bankir.ru, Olga Skorobogatova, deputy chairwoman of the Bank of Russia, told about possible development of digital national currencies and banking industry’s interest to distributed ledgers.

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ForkLog 98 10.03.2016

A Centralized Version of Bitcoin Developed for Bank of England

Researchers from the University College of London have developed a digital currency system resembling Bitcoin on the request from the Bank of England, the country’s central bank.

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ForkLog 77 01.03.2016

Bank of Russia May Use Blockchain to Control Microfinancing Market

Bank of Russia concedes employing blockchain technology to de-criminalize microfinancing market and enhance its transparency, Izvestia reported.

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ForkLog 77 19.02.2016

Russian Central Bank to Apply Blockchain Tech

Russian authorities are traditionally cautious when it comes to cryptocurrencies, as they suspect virtual money may be used to finance terrorist organizations and possible rebellous activities. For that reason, the government continuously removes any possibility of anonymity in financial transactions. However, the Central Bank of Russia actively researches new technologies, including blockchain.

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