The Governor of the Bank of England, Andrew Bailey, said that exploring a central bank digital currency (CBDC) would be better for financial stability than asset-backed stablecoins, which the banking chief said he was “skeptical” about.Speaking at a House of Lords’ Economic Affairs Committee on Tuesday, Bailey said a CBDC would be a better alternative than evolving towards … [Read more...] about Bank of England Governor Touts CBDCs Over Stablecoins: Report
Governor
Indian Central Bank Governor Says Blockchain Technology Can Thrive Without Cryptocurrencies
“The blockchain technology has been there for ten years and can grow without cryptocurrencies,” RBI Governor Shaktikanta Das said at the SBI Banking and Economics Conclave on Tuesday. “When the central bank says we have serious concerns from the point of view of macroeconomic and financial stability, there are far deeper issues involved.” Source link … [Read more...] about Indian Central Bank Governor Says Blockchain Technology Can Thrive Without Cryptocurrencies
Crypto Adoption Numbers in India Could be ‘Exaggerated’, Says RBI Governor
The governor of the Reserve Bank of India (RBI) believes that the number of Indians reported to be investing in crypto could be “exaggerated.”Shaktikanta Das said he is “not so sure about the numbers which being quoted,” in an interview, which was part of financial newspaper Business Standard’s BFSI Insight Summit on Wednesday.“With a reasonable amount of confidence, I think … [Read more...] about Crypto Adoption Numbers in India Could be ‘Exaggerated’, Says RBI Governor
PBoC governor says digital yuan to be more privacy-enhanced than payment apps
During a virtual video session at the Bank of Finland Institute for Emerging Economies' 30th Anniversary Conference, People's Bank of China governor Gang Yi discussed recent developments regarding the country's central bank digital currency, or CBDC, known as the digital yuan (e-CNY). Gang specifically addressed the issue of privacy surrounding the Digital Yuan in the following … [Read more...] about PBoC governor says digital yuan to be more privacy-enhanced than payment apps
India CBDC pilot may commence in December, says RBI governor
The Reserve Bank of India could commence preliminary central bank digital currency (CBDC) trials before the end of the year.Speaking to CNBC on Thursday, RBI governor Shaktikanta Das said that the central bank was “being extremely careful” in its handling of a potential digital rupee even as its counterparts around the world are exploring their own sovereign digital … [Read more...] about India CBDC pilot may commence in December, says RBI governor