Global
Global: UAE, South Korea central banks extend currency swap agreement for 5 years
The Central Bank of the UAE (CBUAE) and the Bank of Korea (BoK) on Wednesday renewed the bilateral local currency swap agreement to ...
Global
Global: US Federal Reserve Officially Considering CBDC to ‘Improve Existing Payment Systems’
The U.S. Federal Reserve announced that it is considering a central bank digital currency (CBDC). The bank said that it was the right ...
Global
Global: Microsoft Facing Cloud-Based Antitrust Complaints in Italy, Denmark
Italian cloud provider Aruba SpA and several Denmark-based cloud providers have filed a complaint against Microsoft Corp with the European Union’s antitrust watchdog, ...
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Global: Bank of Japan will not launch CBDC to achieve negative interest rates, representative says
Although the idea has been discussed in academic circles, a senior central bank official has rebuffed the possibility of the Bank of Japan ...
Global
Banks May Face Competition From CBDCs, Study Suggests
The survey also shows central banks are uncertain whether distributed ledger technology should underpin a government-backed digital currency. A market in Harbour Island, ...
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Global: Nexo and Mastercard launch ‘world first’ crypto-backed payment card
Crypto lender Nexo said it has teamed up with global payments company Mastercard (MA.N) to launch on Wednesday what it calls the world’s first “crypto-backed” ...
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Global: China’s Central Bank Likely to Cut Interest Rate for Second Time
China’s central bank is expected to cut its key policy interest rate for the second time this year on Friday and reduce the reserve ...
Global
Mastercard files 15 metaverse and NFT related trademarks
Mastercard joins Visa and American Express with moves into the Metaverse as it seeks to increase revenue streams and remain competitive in the ...
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Global: Brazilian central bank president confirms CBDC pilot will launch in 2022
The president of the Central Bank of Brazil confirmed that the country’s sovereign digital currency pilot will go live this year, Cointelegraph Brazil reported. ...
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Global: Sri Lanka to temporarily suspend foreign debt payments: Central Bank governor
Sri Lanka is due to start talks with the International Monetary Fund (IMF) on a loan programme next week, with the country suffering ...