The US dollar is experiencing a significant decline, pressuring central banks worldwide to make a difficult decision. Will they choose to devalue their currencies to boost exports, or […]
Five Central Banks Launch Cross-Border Payment Network
Project Nexus, aiming to revolutionize international money transfers, is stepping into its operational phase with five central banks taking the lead. Initiated by the Bank for International Settlements […]
Central Banks Embracing Bitcoin, Moving Beyond Just Storage
Global financial powerhouses are increasingly recognizing Bitcoin’s potential as a medium of exchange, moving beyond its traditional role as a store of value like gold. According to VanEck’s […]
Central Banks Back Away from Crypto Investments: A Shift in Priorities
A significant shift is taking place within the financial world as central banks are showing decreased interest in investing in digital assets like Bitcoin. A recent survey by […]
Central Banks Shed Interest in Cryptocurrencies, Bitcoin’s Reserve Status Uncertain
Central banks are showing decreased interest in cryptocurrencies, according to a recent Bank for International Settlements (BIS) survey. Only 2.1% of central banks surveyed expressed potential interest in […]
Central Banks Remain Divided on Cryptocurrency Reserves
A recent survey conducted by Odaily reveals a fragmented response among central banks regarding cryptocurrency reserves. While none have invested in digital assets yet, a surprising finding emerged: […]
G7 Central Banks Prepare Rate Cuts Amidst Trump Tariff Impact
In response to President Trump’s tariffs that have sent ripples across global markets, the Group of Seven (G7) central banks are set to release their first responses this […]
Trump Tariffs Trigger Central Bank Rethinking in Japan and Singapore
Facing the economic fallout from U.S. tariffs, central banks in Japan and Singapore are adjusting their strategies to mitigate potential damage. While European Union ministers are working toward […]