Tue. Jun 25th, 2024

Category: central bank

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Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements

Bank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in this field. Russia’s monetary authority would also allow the experimental…

Despite Using Euro, Montenegro to Develop Own Digital Currency With Ripple

Montenegro intends to create and issue its own digital currency with help from U.S.-based crypto company Ripple. The Southeast European nation, which adopted the euro unilaterally, is moving to realize…

Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023

After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC)…

‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network

The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the…

Russian Parliament Votes on Bill Opening Door for Digital Ruble

Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends various other acts to introduce definitions and…