A new IMF paper suggests that cash and bank deposits could be left behind as digital money and fiat-pegged cryptos see greater adoption.
Donald Trump took aim at bitcoin last week. He also kicked off a whole new phase in bitcoin’s mainstream moment.
China’s central bank could hasten development of its digital yuan to counter the threat posed by Facebook’s Libra cryptocurrency, an official says.
A Bank of Japan official has ruled out the launch of a central bank digital currency because to do so would require the country to abandon cash.
A Swiss central banker has suggested that Facebook’s cryptocurrency project, Libra, is not ruffling any feathers with the regulator, Reuters reports.
The Bank for International Settlements has expressed concerns over the expected disruption as big tech firms like Facebook enter the financial space.
The head of Russia’s central bank has said the institution is investigating the possible future launch of a digital currency.
The head of Germany’s central bank has said central bank digital currencies could destabilize financial systems and worsen bank runs.
A European Central Bank council member has come out generally in favor of wholesale central bank digital currencies.
The Bank of Russia will consider the use of a gold-backed cryptocurrency to facilitate international settlements, according to its governor.