Page 10 - Benoit Coeure News Today : Breaking News, Live Updates & Top Stories | Vimarsana

LONDON (Reuters) -El Salvador's decision to make bitcoin legal tender is an "interesting experiment" with a speculative asset that does not pass the test for being a reliable means of payment, a senior global central banking official said on Friday. The central American country on Wednesday became the first country in the world to adopt bitcoin as its national currency, saying it would help Salvadorans living abroad send remittances home. "El Salvador, that is an interesting experiment indeed," said Benoit Coeure, head of the innovation hub at the Bank for Internatio...

(Bloomberg) -- The central banks of Switzerland and France have joined forces with commercial banks to experiment on a wholesale cross-border digital currency, according to a statement. UBS Group AG, Credit Suisse Group AG, Accenture Plc and Natixis SA are among the private-sector players involved. The effort was launched under the auspices of the innovation hub at the Bank for International Settlements. The project will look at cross-border settlement of two wholesale central-bank digital currencies, including the exchange of a financial instrument against a euro CBDC. “The G20 has made enh...

While cryptocurrencies boom, Central Banks the world over are jostling for supremacy in the CBDC race. Learn about Central Bank Digital Currencies (CBDCs) and how they could reshape the future of t...

Central banks are accelerating their work on digital currencies and investors are taking note.