Saudi Arabia’s central bank starts transferring funds to local banks via blockchain

Saudi Central Bank begins transferring funds to local banks via blockchain Saudi Arabia’s Monetary Agency, the country’s central bank, has announced it has begun using blockchain technology to transfer funds to local banks.. In the official the announcement said that this initiative is part of a program for research and implementation of advanced technologies in the financial […]

Bank of England Governor: “The dollar needs to be replaced with a single international digital currency”

Bank of England Governor Mark Carney speaks Mark Carney, Governor of the Bank of England, has proposed using a single digital currency controlled by central banks as a reserve currency instead of the US dollar. Speaking at the annual symposium on economic policy, he spoke about the need to form a new international monetary and […]

Bank of Japan: “No Central Bank will replace cash with digital currency”

Will Digital Payments Replace Cash In The U.S? Bank of Japan Deputy Governor Masayoshi Amamiya said that no central bank would abandon cash to improve the efficiency of the financial system through national digital currencies.. According to him, in order to establish negative interest rates by issuing CBDCs, central banks will need to liquidate cash, […]