Central Banks - All News And Posts By Crowdfund Insider

Internationally Comparable Information on Fintech Is “Lacking in Offical Statistics,” Bank for International Settlements Explains

July 26, 2020 @ 6:41 pm By Omar Faridi |

The Bank for International Settlements (BIS), a global financial institution owned by reserve banks that aims to support international monetary and financial cooperation and acts as a bank for central banks, notes that as financial technology, or financial innovation and digitalization, begin to transform… Read More

New Proposal Recommends Multi-Currency CBDC including Chinese Yuan, Japanese Yen, South Korean Won, Hong Kong Dollar

June 15, 2020 @ 11:52 pm By Omar Faridi |

Many developing and developed countries across the globe are considering or already developing and testing their own central bank digital currencies (CBDCs). China might be creating an East Asia virtual currency platform, according to a report from the Nikkei Asian Review. The new currency might… Read More

Interest in CBDCs May Be “Accentuating” Bitcoin’s (BTC) Role in the Global Digital Economy, New Report Claims

May 22, 2020 @ 12:34 am By Omar Faridi |

Grayscale Investments, a subsidiary of the Digital Currency Group (DCG), has published a report which argues that legacy banking infrastructure has made it difficult to distribute stimulus money, following the COVID-19 outbreak. The report states: “Central bank digital currencies [CBDCs] have the potential to streamline… Read More