Czech National Bank Invests in Crypto Equity Market Following Coinbase’s S&P 500 Inclusion In a bold move that marks a significant shift in traditional financial institutions’ approach to cryptocurrencies, the Czech National Bank has recently announced its entry into the crypto equity market. This decision comes hot on the heels of Coinbase’s inclusion in the […]
Bank of England chief rejects private stablecoin plans
Bank of England Chief Rejects Private Stablecoin Plans: Calls for Tokenised Deposits Instead Andrew Bailey, the Governor of the Bank of England, has recently taken a firm stance against the proliferation of private stablecoins in the financial market. Bailey has expressed concerns that the rise of private stablecoins could pose a significant threat to financial […]
Bank of Korea rejects Bitcoin for national reserves
Bank of Korea Stays Cautious as Lawmakers Push for Bitcoin in National Reserves Lawmakers in South Korea have been advocating for a closer look at incorporating Bitcoin into the country’s national reserves, citing the digital currency’s potential to diversify the economy and hedge against traditional financial risks. However, the Bank of Korea has opted to […]
Swiss Central Bank rejects Bitcoin for reserves
Swiss Central Bank Rejects Bitcoin for Reserves The Swiss National Bank (SNB) has made a decisive move by rejecting Bitcoin as part of its reserves. The decision comes as SNB President Martin Schlegel argues that the extreme price fluctuations of the cryptocurrency make it unsuitable for Switzerland’s monetary policy needs. Bitcoin, known for its volatility, […]
Czech National Bank to assess Bitcoin for reserve assets
Czech National Bank to Assess Bitcoin for Reserve Assets The financial world is abuzz with the latest news coming out of the Czech Republic, where the Czech National Bank has announced its plans to assess Bitcoin for potential inclusion in its reserve assets. This move comes as the debate surrounding the role of Bitcoin in […]
Limited appeal of retail CBDCs in global adoption
The Limited Appeal of Retail CBDCs in Global Adoption Central Bank Digital Currencies (CBDCs) have been heralded as the future of money, offering a digital alternative to traditional cash issued by central banks. However, despite the buzz surrounding CBDCs, their adoption on a global scale, particularly in the retail sector, has been slower than anticipated. […]