CENTRAL BANK

 


Central Bank is an institution in charge of monetary policies and regulating commercial banks. The core function of central banks is money issuance (money supply) and the decision on the interest rate through a basket of monetary policies and tools.

The Central Bank of Nigeria to Conduct its Central Bank Digital Currency Pilot on October 1
The Central Bank of Nigeria (CBN) officially announced to pilot its central bank digital currency programme on the Hyperledger Fabric blockchain on October 1.
Russia’s Central Bank Orders Local Stock Exchanges to Avoid Listing Crypto-Related Funds
The Bank of Russia has instructed local stock exchanges not to list any cryptocurrency services to firms.
Central Banks Doubt Cryptocurrency Limited Role in Reserve Operations
A survey conducted by UBS investment bank shows that central banks do not expect a cryptocurrency to replace gold as a digital reserve asset.
The ECB Warns Financial Stability Risks If Central Banks Fails to Issue Digital Currencies
The European Central Bank (ECB) warns that nations who decide not to issue CBDCs may encounter risks to their monetary autonomy and financial systems.
Bank Indonesia Plans to Launch its Central Bank Digital Currency
Bank Indonesia is planning to launch its central state digital currency in response to the increasingly prosperous cryptocurrency market.
National Bank of Georgia Considers Launching Its Own Central Bank Digital Currency
The National Bank of Georgia believes that the CBDCs have become essential for the financial ecosystem to improve financial inclusion and enhance domestic payment systems.
Bahamas Ranks First as The Country with Most Advanced Retail CBDC Development
The Bahamas narrowly beats Cambodia because its CBDC is available to all citizens.
Central Bank of Turkey to Ban Use of Cryptocurrencies to Purchase Goods amid Bitcoin Boom
Although many retail and institutional investors alike have been gripped by Bitcoin fever lately, as the cryptocurrency has hit a new record-high, not all banking institutions are convinced by the digital asset’s benefits.
Swedish Central Bank Delays CBDC Plans Again
The world’s oldest Central Bank, Sweden’s Riksbank, published results of its pilot project for its proposed central bank digital currency, the e-krona.
ECB to Announce by Mid-2021 Whether It Will Move Forward with CBDC Issuance
European Central Bank (ECB) President Christine Lagarde said that a decision on whether or not to launch a CBDC will be made by the middle of this year.

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