Bank of Korea Governor Chang-yong Rhee has expressed concerns about the rise of stablecoins and their potential impact on central bank money and monetary policies. Speaking at a conference on digital money in Seoul, Rhee emphasized the need for central banks to issue their own digital currencies to counter this threat. He highlighted two main […]
Ripple, a blockchain company, has released a white paper on central bank digital currencies (CBDCs), reaffirming its support for them. The 23-page document explains the basics of CBDCs, their benefits, and the challenges to their widespread adoption. Ripple believes that CBDCs can enhance financial inclusion, streamline cross-border payments, and strengthen monetary policy control. However, the […]
The Basel Committee on Banking Supervision, a regulatory body comprised of central banks and financial authorities, has proposed measures to adjust its standard on banks’ exposure to cryptoassets. The committee published a consultative document on its website, outlining proposed changes to the prudential standards for stablecoins.The proposed changes primarily focus on the composition of reserve […]
Taiwan’s central bank has completed a feasibility study on wholesale central bank digital currency (CBDC) and is considering its introduction. Deputy Governor Mei-lie Chu stated that the central bank is seeking feedback from businesses and academics and will continue to work on platform design.In a speech at a banking event, Chu discussed “Banking 4.0,” which […]
Taiwan’s central bank has completed a feasibility study on wholesale central bank digital currency (CBDC) and is considering its introduction. Deputy Governor Mei-lie Chu stated that the central bank is seeking feedback from businesses and academics and will continue to work on platform design.In a speech at a banking event, Chu discussed “Banking 4.0,” which […]
The DAX, driven by the prospect of falling interest rates, broke its four-month-old record on Tuesday. The index climbed 0.78% to 16,533.87 points, surpassing the previous high of nearly 16,529 points at the end of July. The year-end rally continues, with the DAX gaining 9.5% in November alone. Since its low point in October, near […]
The DAX, driven by the prospect of falling interest rates, broke its four-month-old record on Tuesday. The index climbed 0.78% to 16,533.87 points, surpassing the previous high of nearly 16,529 points at the end of July. The year-end rally continues, with the DAX gaining 9.5% in November alone. Since its low point in October, near […]
Global policymakers are continuing to push for the development of central bank digital currencies (CBDCs), despite the risks and failures associated with them. In November, officials from organizations such as the International Monetary Fund (IMF) and the Bank for International Settlements (BIS) called for governments to accelerate CBDC development. However, critics argue that policymakers should […]
Global policymakers are continuing to push for the development of central bank digital currencies (CBDCs), despite the risks and failures associated with them. In November, officials from organizations such as the International Monetary Fund (IMF) and the Bank for International Settlements (BIS) called for governments to accelerate CBDC development. However, critics argue that policymakers should […]
Raiffeisen Bank’s chief economist, Fredy Hasenmaile, has issued a warning about the challenging situation facing the Swiss economy. He predicts that the country’s economic growth will be sluggish in the coming year, citing the persistent strength of the Swiss franc as the main factor. This is particularly impacting the traditional manufacturing industry and exacerbating the […]
