The United States Federal Reserve Board (Fed) announced that the temporary change to its supplementary leverage ratio (SLR) for US banks will expire on March 31st, as scheduled.
In a statement, the Central Bank rejected extending the rule, implemented in April of last year to encourage bank loans…
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central bank
Lebanon prepares its own digital asset
The Central Bank of Lebanon announced that it plans to launch its own cryptocurrency next year.
As indicated by the financial institution of the region, this measure is taken in order to combat the economic and financial crisis they are…
Brazil announces it works on its own CBDC
The Brazilian Minister of Economy, Paulo Guedes, announced this Thursday that the Central Bank authorities are working on their own CBDC, or digital currency of the central bank.
Although details of the digital version of the Brazilian…
Bank of Japan to work on the digital yen in 2021
The Bank of Japan, together with other entities such as the Bank for International Settlements (BIS), published a document in which they discussed the development of their own digital currency.
As specified in the text, it is planned to…
Bank of Canada says there are risks when using a cbdc
The Bank of Canada recently assured, through a study, that there is a percentage of risk associated with the use of digital currencies backed by central banks (cbdc).
According to what was published this week, written by the professor of…
The Bahamas plan to launch its own cryptocurrency in October
The Bahamas "Sand Dollars Project" pilot was tested in 2019 and rated a "success". The country's central bank now plans to launch its own CBDC for next October.
If all goes well, The Bahamas would manage to position itself as the first…
China is ready to expand digital yuan in Beijing
The Chinese Ministry of Commerce announced that it is ready to launch its digital yuan trial program in Beijing and several provinces in the country.
The progress in the development of the pilot plan continues rapidly, and according to the…
Facebook could change its strategy with Libra
Facebook's Libra changes its original plans to create a global currency, as indicated by the social media giant in a recent announcement where it assured that they estimate to convert multiple stablecoins of fiat currencies in several…
Colombian banks rule out local liquidity problems
This Wednesday the manager of the Bank of the Republic of Colombia, Juan José Echavarría, indicated that in the South American country they ruled out local liquidity problems in the next two months due to the supply of resources released by…
Chilean economy presented expansion in December
With a surprising result, the Chilean economy presented an expansion of 1.1% during December thanks to mining results, among other aspects.
After two months of crash markets caused by the social crisis, the Central Bank issued the report…
U.S. Federal Reserve explores the creation of a digital currency
This Thursday it was learned that the Federal Reserve System of the United States is evaluating the benefits of issuing a digital currency, as well as the risks that this would imply for the economy of the country.
According to statements…
Chilean peso continues to fall due to internal crisis
Chile is in the midst of a social and political change that has caused protests and reactions found among residents. The economy is reeling and, even worse, the peso - the local currency - continues to lose value.
This Wednesday, the peso…