Turkey bans cryptocurrency payments, saying risks are too great
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IMF tells eurozone to spend more
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Sweden’s Central Bank May Have a Digital Currency in 5 Years
Bloomberg 5 hrs ago Niclas Rolander and Rafaela Lindeberg
(Bloomberg) Riksbank Governor Stefan Ingves said Sweden could have a digital central-bank currency within five years, as the concept of money looks set to enter a new post-cash era.
The estimate marks the first time Ingves has offered a clear timeline.
The Riksbank remains at the forefront among major western central banks in exploring how to respond to an increasingly cashless world, as notes and coins head for virtual extinction in Sweden. © Bloomberg Digital Ambitions
Five years “is a reasonable target,” Ingves told reports in Stockholm on Thursday. He’s previously noted that the final decision needs to be taken by parliament.
Forex Today: Markets cheer tame inflation, shrug off vaccine setbacks as cryptos soar, Powell awaitedNEWS |
4/14/2021 6:38:37 AM GMT | By Yohay Elam
Here is what you need to know on Wednesday, April 14:
Markets remain upbeat amid relatively tame inflation and despite a pause of J&J s vaccines. The ECB s Lagarde, the Fed s Powell, and other central bankers are eyed. Cryptocurrencies are surging to new highs.
Several US stock indexes have
hit new record highs and they are pulling Asian and European markets higher as well. US inflation advanced in March but fell short of what some had feared, with the
Core Consumer Price Index hitting 1.6% yearly, allowing for an upswing.