Payments News » Central Banks

Central Banks Should Consider Offering Accounts To Everyone

June 12 2018

“Some central banks are considering whether and how to expand the use of their own digital money. Sweden’s Riksbank, for example, is exploring ways to create a widely used e-krona. In June Swiss voters will participate in a referendum on a radical monetary reform, one effect of which would be to give individuals access to […]

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Mexico Central Bank Tightens Rules On Electronic Transfers

July 30 2018

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Central Banks

“Mexico’s central bank on Friday tightened requirements for participants in the country’s electronic interbank payment system (SPEI), following a wave of coordinated attacks that manipulated the system earlier in the year was made public. Those attacks, coordinated between hackers and client accomplices, cost banks an estimated 300mn pesos (US$16mn). Still under investigation, the incidents put pressure on authorities to quickly act […]

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Central Banks See ‘No Value’ in Issuing Digital Currency: BIS Chief

March 25 2019

“The general manager of the Bank for International Settlements (BIS) has again warned that caution is needed when considering central bank digital currencies. In a speech at the Central Bank of Ireland on Friday, Agustin Carstens said that central banks today “are not seeing the value” of venturing into the unknown when it comes to […]

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Bank of England on DLT: RTGS Renewal Proof of Concept: Supporting DLT Settlement Models

March 28 2018

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Central Banks

“Although the Bank has concluded that Distributed Ledger Technology (DLT) is not yet sufficiently mature to provide the core for the next generation of RTGS, it places a high priority on ensuring that the new service is capable of interfacing with DLT as and when it is developed in the wider sterling markets.”