Raiffeisen Bank’s chief economist, Fredy Hasenmaile, has issued a warning about the challenging situation facing the Swiss economy. He predicts that the country’s economic growth will be sluggish in the coming year, citing the persistent strength of the Swiss franc as the main factor. This is particularly impacting the traditional manufacturing industry and exacerbating the […]
Italy and South Korea have recently signed a memorandum of understanding (MoU) to collaborate on the development and deployment of Central Bank Digital Currencies (CBDCs). The focus of this partnership is on sharing knowledge and information related to real-time settlement systems and CBDCs, particularly in the field of information and communication technology (ICT). Both countries […]
Italy and South Korea have recently signed a memorandum of understanding (MoU) to collaborate on the development and deployment of Central Bank Digital Currencies (CBDCs). The focus of this partnership is on sharing knowledge and information related to real-time settlement systems and CBDCs, particularly in the field of information and communication technology (ICT). Both countries […]
The UK Treasury Committee is expressing concerns about the potential introduction of a retail Central Bank Digital Currency (CBDC), or digital pound, due to the risks it may pose to the economy. Lawmakers are worried that allowing people to quickly switch large amounts of bank deposits into digital pounds during market turmoil could lead to […]
The UK Treasury Committee is expressing concerns about the potential introduction of a retail Central Bank Digital Currency (CBDC), or digital pound, due to the risks it may pose to the economy. Lawmakers are worried that allowing people to quickly switch large amounts of bank deposits into digital pounds during market turmoil could lead to […]
The U.K. Parliamentary Treasury Committee has issued a stern warning about the potential risks of developing a retail central bank digital currency (CBDC), or ‘digital pound’. Lawmakers are urging the Bank of England and H.M. Treasury to carefully consider data privacy and financial stability concerns before moving forward with the implementation of this new form […]
The U.K. Parliamentary Treasury Committee has issued a stern warning about the potential risks of developing a retail central bank digital currency (CBDC), or ‘digital pound’. Lawmakers are urging the Bank of England and H.M. Treasury to carefully consider data privacy and financial stability concerns before moving forward with the implementation of this new form […]
The European Central Bank (ECB) is currently grappling with the task of tackling inflation and needs to take swift action to reduce its inflated balance sheet. In comparison to the US Federal Reserve and the Bank of England, the ECB has expanded its balance sheet significantly more in relation to economic output. This surplus liquidity […]
A recent public consultation conducted by the Bank of Canada on the country’s central bank digital currency (CBDC) initiative has revealed a negative sentiment among Canadians. The consultation aimed to explore the role of CBDCs in a digital payment landscape dominated by credit cards. However, the survey, which received 89,423 responses, showed that Canadians are […]
A recent report from the Bank for International Settlements (BIS) has highlighted the potential vulnerability of central bank digital currencies (CBDCs) to cyber threats. The report emphasizes the importance of cybersecurity as a significant risk associated with the increasing adoption of digital cash initiatives by central banks worldwide. With over 130 central banks currently involved […]
