FinanceTop StoriesRussia to soon legalize Bitcoin and other cryptocurrencies for making paymentsGBO CorrespondentMay 20, 2022 GBO CorrespondentMay 20, 2022 Central Bank Governor Elvira Nabiullina stated that the bank will not accept...
TechnologyTop StoriesSiemens unveil JP Morgan-built blockchainGBO CorrespondentDecember 21, 2021 GBO CorrespondentDecember 21, 2021 The two companies announced that it is a one-of-a-kind application...
Banking and FinanceTop StoriesCentral Bank of Bahrain offers a digital payments platformGBO CorrespondentDecember 6, 2021December 6, 2021 GBO CorrespondentDecember 6, 2021December 6, 2021 The bank plans to offer a digital Dinar which is expected to...
CurrencyTop StoriesJP Morgan and Oliver Wyman predict that CBDCs can save $100 bn in transaction costsGBO CorrespondentNovember 4, 2021 GBO CorrespondentNovember 4, 2021 In a report published by both the firms, they estimate that corporate...
CurrencyTop StoriesFour central banks test digital currency for cross-border transactionsGBO CorrespondentSeptember 3, 2021 GBO CorrespondentSeptember 3, 2021 The Central banks of Australia, Malaysia, Singapore and South Africa team up...
CurrencyTop StoriesUAE Central Bank to launch its digital currency in five yearsGBO CorrespondentJuly 15, 2021July 26, 2021 GBO CorrespondentJuly 15, 2021July 26, 2021 The launch is a part of UAE’s monetary 2023-2026 strategy plan to...
Top StoriesChina to launch sovereign digital currency to monetize currency issuanceGBO CorrespondentSeptember 16, 2020 GBO CorrespondentSeptember 16, 2020 The digital currency is currently tested in major cities such as Shenzhen,...
FeaturedMAGAZINECentral bank digital currencies may soon become a realityGBO CorrespondentJuly 2, 2020 GBO CorrespondentJuly 2, 2020 The launch of Facebook Libra has pushed many central banks to fast-track...
FinanceTop StoriesBIS says more central banks may seek to launch their own digital currenciesGBO CorrespondentJanuary 28, 2020 GBO CorrespondentJanuary 28, 2020 According to the BIS study, around 20 percent of the 66 central...