Central Banks

Crypto Experts Join OECD ‘High Level’ Advisory Board

</header> <strong>The Organisation for Economic Cooperation and Development, an intergovernmental body with 36 member countries, has formed “a high-level expert group” which includes executives from the crypto industry. They will provide advice in helping develop international blockchain policy principles.</strong> Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia ‘High-Level Expert Group’ …

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Fed Officials Ponder Funding Hedge Funds and Private Brokers Directly

</header> <strong>On January 13, the New York Federal Reserve gave $60.7 billion to eligible private financial institutions by leveraging U.S. Treasurys and agency securities. With all the stimulus given to financial institutions since September, it hasn’t relieved the stress of economic uncertainty. Now the Fed is pondering giving money directly to hedge funds and private …

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US and European Regulators Say Crypto a Priority This Year

</header> <strong>Several regulators in the U.S. and Europe have made cryptocurrency among their top priorities this year. The Securities and Exchange Commission’s compliance office and the European Securities and Markets Authority, in collaboration with other regulators, have outlined their plans to focus on crypto oversight. Further, China’s central bank has made digital currency a priority.</strong> …

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Federal Reserve Considers Creating a Separate Entity for Cash Injections

</header> <strong>While American President Donald Trump wages war with Iran, the U.S. Federal Reserve has continued to inject fresh capital into the hands of private banks by giving them $100 billion in overnight and 14-day repos on Tuesday. The same day, Rabobank strategist Philip Marey predicted the central bank will reduce interest rates to zero …

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Europe Central Bank Proposes ‘Unattractive’ Rates for Digital Currency

The European Central Bank (ECB) remains open to the idea of a digital euro equivalent but would want to stop citizens holding too much of it.  That was the conclusion of a fresh working paper on so-called central bank digital currencies (CBDCs) by Ulrich Bindseil, the bank’s Director General of Market Infrastructure and Payments, on …

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In Race for 2030 Currency Supremacy, the Dollar Is Its Own Worst Enemy

The U.S. dollar’s century-long reign of the world economy faces a threat over the coming decade – as China’s renminbi strives to become its successor, as some prominent central bankers call for a more sustainable global monetary regime and as cryptocurrencies pose a radically alternative model.  But as the 2020s begin, the dollar looks as …

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Central Bank Gold Hoarding Hits 50-Year High

</header> <strong>While dozens of the world’s economic leaders participate in extreme monetary easing policy, central banks have also been hoarding gold. Central banks accumulated over 668 tons in gold purchases this year, which is more than 2018’s record numbers. In fact, the key drivers in gold demand this year stemmed from central bank purchases, most …

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Close to 14,000 Google Scholar Articles Mentioned Bitcoin in 2019

</header> <strong>On January 3, 2020, the Bitcoin network officially turns 11 and the technology has transformed the lives of many. Since blockchain’s inception, scholars and economists have rigorously studied and written thousands of academic papers covering the subject. In 2019, there were more than 13,700 academic papers and Google Scholar articles published that mention the …

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A Decade of Quantitative Easing Has Paved the Way for the Age of Digital Currency

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Michael J. Casey is CoinDesk’s chief content officer. The views expressed here are his own. Our social media-constrained attention spans make it hard to focus on anything lasting longer …

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