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While central banks are known for being some of the most cautious and prudent institutions in the world, chances are that these may become among the first to implement blockchain and distributed ledger technology (DLT), according to a new white paper published by the World Economic Forum (WEF).
Two new cryptocurrency exchanges have been authorized by the Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, to process conversions between cyrptocurrencies and the Philippine peso. BSP’s deputy governor Chuchi G. Fonacier said the Philippines central has approved applications filed by Virtual Currency Philippines, Inc. and ETranss as platforms,...
The Bank of Korea (BoK) has announced that it is planning to reveal its guidelines on cryptocurrencies before the summer is out. A plan on a possible central bank-issued digital currency will also feature, according to a report. In a statement issued yesterday, the bank said: “A taskforce has been studying...
The Reserve Bank of India (RBI) said on Thursday that it is considering the introduction of a “central bank digital currency,” stating that technological innovations, including cryptocurrencies and blockchain, have the potential to improve the efficiency and inclusiveness of the financial system. The RBI said in a statement: “While many central...

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