The Republican senator for Wyoming has called on her colleagues to withhold support for Fed chair Jay Powell.
Central Bank News
A central bank is the main entity responsible for a region’s money system. Some of the world’s prominent central banks include the eurozone’s European Central Bank, the United States Federal Reserve, the Bank of Japan, the Bank of England, the Reserve Bank of India and the People’s Bank of China. Central banks supervise a number of economic aspects regarding their respective regions, including money supply management.
A central bank digital currency, or CBDC, serves as a digital form of a region’s currency. A CBDC could possibly be called a central bank cryptocurrency, although because a CBCD is essentially a digital form of fiat currency, such assets are not decentralized and are not the same as the crypto assets native to the cryptocurrency industry.
“CBDC would be part of an effort to address the use of crypto in financial transactions,” Central Bank of Indonesia assistant governor Juda Agung said.7955
The central bank has “already begun preparations” for a digital shilling, according to Bank of Tanzania Governor Florens Luoga.8082
Though Russia has become a global leader in the crypto market, the Bank of Russia is still skeptical about Bitcoin.4769
Is Ethereum the blockchain of choice for financial institutions in Southeast Asia, or will companies seek alternatives due to limitations?11178
Russia’s digital ruble won’t help the country avoid U.S. sanctions because the global economy is “interconnected,” an official said.4987
The Reserve Bank of Australia has warned local investors that the speculative frenzy on crypto could soon dry up if policymakers and regulators step in.7682
The Bank of Russia views CBDCs as a responsible alternative to Bitcoin and wants to take fees from CBDC transactions.6741
According to official data, Russia’s inflation rate reached 8.1% in October, the highest level in almost six years.1553
The Bank of England’s Sir Jon Cunliffe has urged British lawmakers to think “very hard” about the disruption integrating cryptocurrency with traditional finance could wreak.8322
More African countries are considering adopting Bitcoin as the local crypto market surges over 1,200% in one year.4337
Some 450,000 JD.com customers have used China’s digital yuan for payments as of June.2772
Personal accounts with large multi-day inflow and outflow are being tracked at the behest of the country’s central bank.8957
Minister Monica Mutsvangwa clarified that Zimbabwe is not considering the adoption of cryptocurrencies or Bitcoin.5740
Russian lawmakers will reportedly begin working on the legal adjustments needed to implement the digital ruble plan scheduled for early 2022.2707