With the worldwide use of Facebook’s Libra, as well as other stable coins, the international development of China’s yuan could be hampered. Also, they could lead to fluctuating asset prices and weaken the impacts of capital controls, Reuters reported, citing the central bank’s vice governor,...
A new form of cryptocurrency, called Saga, launched this week, with an eye toward answering some of the looming questions about the form. Saga was designed with the help of economics experts, such as Myron Scholes, the Nobel Prize-winning professor; Jacob Frenkel, outgoing chairman of...
Federal Reserve Gov. Lael Brainard on Wednesday (Dec. 18) outlined key risks associated with cryptocurrency in general and Facebook’s Libra in particular. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Perhaps call it “habeas corpus” of a different sort. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...
With the belief that it could cause instability within the country’s financial system, the government of Switzerland spoke against making a central bank digital currency available to the public. According to Reuters, Parliament had asked the government to explore the potential for establishing an electronic...
The head of the European Central Bank (ECB), Christine Lagarde, said she wants a task force to identify clear objectives regarding the ECB’s proposed digital currency initiative by the middle of next year, according to a report by Reuters. Get the Full Story Complete the...
Policymakers at the European Central Bank (ECB) will meet in Frankfurt on Wednesday (Dec. 11) to talk about the pros and cons of introducing their own electronic money, Bloomberg reported on Tuesday (Dec. 10), citing Eurozone sources. Members of the Governing Council anticipate informal discussions...
The past several months have seen bitcoin perhaps overshadowed (just a bit) by any number of large-scale efforts to bring digital coins to mainstream society. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
To make sure that they stay at the center of the global payment system, the head of the Bank of International Settlements (BIS) says that central banks have to embrace the revolution in digital money, Bloomberg reported Thursday (Dec. 5). Get the Full Story Complete...
