Reserve Bank News

The hedge fund manager instead wants to see an “inflation-linked coin” be brought to the masses which would serve to ensure consumers secure their buying power.

This marks the second “Big Four” bank in Australia to launch an Australian-dollar pegged stablecoin in a bid to boost the digital economy.

The key objectives of the project are to identify and understand innovative business models, use cases, benefits, risks and operational models for a CBDC in Australia.

The Digital Dollar Project’s Technical Sandbox Program is set to begin in October, aiming to provide a clearer understanding of the ramifications of a United States CBDC.

The banking authority said avoiding risk by cutting off crypto-involved clients may pose a “threat” to financial integrity.

South Africa’s Reserve Bank will regulate cryptocurrencies as financial assets, and new laws are expected over the next 12 months.

The South African Reserve Bank stated further work would be undertaken to study the findings from the project and used to inform policy and regulatory responses to DLT and CBDCs.

The report by PwC shows that 80% of central banks are considering or have already launched a CBDC.

Following Treasurer Josh Frydenberg’s “payments and crypto reform plan,” the RBA has published a report exploring DLT tech and wholesale CBDC issuance.

Bitcoin price is down but crypto investors still have a plethora of yield opportunities thanks to DeFi.

The Australian Prudential Regulation Authority has proposed a regulatory framework that would have it oversee digital wallets, including Calibra.

The South African Reserve Bank’s latest cryptocurrency report has led to a positive outlook for the sector in the country.

St. Louis Federal Reserve publishes a paper on crypto and Blockchain, touting the importance of Bitcoin as a future asset class.

Reserve Bank of Australia’s Payments Policy Department officials claim that the cryptos and Blockchain do not pose urgent regulatory issues so far.

The Reserve Bank of India (RBI) is keeping a close watch on transactions involving cryptocurrencies, says RBI Governor Urjit Patel to Parliamentary Panel.