Australian Central Bank Chief: Questions About Blockchain Remain
Governor of the Reserve Bank of Australia (RBA) Glenn Stevens has issued new comments on blockchain technology as part of a broader conversation on the APAC nation's economic outlook for 2016. Speaking to The Australian Financial Review, Stevens voiced his belief that the country's banks should investigate the potential benefits of the distributed ledger, which he suggested was the true innovation behind bitcoin. "Blockchain is actually the bit about bitcoin that was, I think, the really clever bit," Stevens told the news source, adding: "In areas where you've got a centralized ledger, the....
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Canada’s central bank unveiled a blockchain-based interbank payment experiment earlier this week, a move the institution said in new statements isn’t intended to launch a new e-money system. When reached for comment, Central Bank of Canada senior deputy governor Carolyn Wilkins said that the ‘CAD-coin’ project was intended “solely to better understand the technology first-hand”. Notably, she said that the scope of the Canadian central bank’s work is devoted to the interbank area, and that a number of key questions remain on the table. Wilkins told CoinDesk: "Other frameworks need to....
The Australian central bank does not see a strong case for issuing a retail central bank digital currency, its head of payments policy said.
Most of the details regarding this project remain shrouded for the time being, although we do know the Dutch central bank has been exploring blockchain technology for quite some time now. Although distributed ledgers hold a lot of potential to increase the current day-to-day operations, there is something alluring about the aspect of issuing one’s own digital currency. More and more countries around the world are starting the concept of digital currency seriously these days. The Dutch central bank is joining this growing list, as they seem to have concrete plans to issue a new digital....
The partnership will explore the possible use and implications of a wholesale form of central bank digital currency using distributed ledger technology.
The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies.