Cryptocurrency
MAS launches blockchain experiment
Central bank to build a proof-of-concept model to conduct interbank payments; second phase could include foreign currency transactions
BoE’s Cleland discusses extending digital central bank money to the public
Costs and benefits need to be better understood, says Cleland, but the Bank of England is investigating all avenues
UBS teams up with other major banks in blockchain venture
‘Utility settlement coin’ to be backed by cash held at central banks; team of experts will keep an “open dialogue” with the banks and regulators throughout the testing process
Threats and opportunities for money and payments in the digital age
Supervisors will need to adapt their frameworks to protect trust in new protocols associated with cryptocurrencies and distributed ledgers, not merely guard against new risks