Category: Central Banks

Argentina’s Central Bank Trials Blockchain for New Interbank Settlement Layer

The Central Bank of Argentina (BCRA) is testing a new blockchain-powered clearing system that could be used by some of the country’s largest financial institutions. Blockchain developer IOV Labs said Tuesday it had created a proof-of-concept, for a permissioned...

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China Will ‘Undoubtedly’ Pursue Digital Yuan, Central Bank Says

China’s central bank has sent one of its strongest signals yet of a commitment to creating a digital version of the yuan.  “The People’s Bank of China (PBoC) will undoubtedly further its research and development of the national digital...

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After Coronavirus ‘War,’ Bretton Woods-Style Shakeup Could Dethrone the Dollar

For governments, fighting the coronavirus pandemic is like fighting a war.  The leaders of Italy, Spain and Germany have used the analogy – along with the CEOs of Bank of America and the U.S. telecommunications giant AT&T – to...

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