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Six major central banks are planning to conduct a joint research on digital currencies or cryptocurrencies and representatives are considering holding the first meeting in Washington in April, according to a report by Nikkei.
The central banks of Switzerland, Canada, Britain, Japan, Sweden, and the Euro zone have announced their plan to join their findings on the case of digital currencies and its issuing, as debate about the future of cryptocurrencies goes on.
Each central bank’s representative and the Bank of International Settlements will discuss the process of streamlining cross-border settlement and security issues in their meeting in April. The banks have agreed that there was a need to discuss the possibility of issuing digital currencies in the future.
The six central banks are set to publish an interim report in June. This is to be followed by a final report in a few months, Nikkei said.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
Asian shares declined on Monday as oil and copper ran weakly. This followed after an upsurge in global coronavirus cases overshadowed markets, while investors waited for the European zone and the United States to implement fiscal stimulus ...
European stocks sold lower earlier on Thursday as concerns mounted over the pace of a global economic recovery ahead of latest meeting from the European Central Bank (ECB). Germany’s DAX futures fell by 0.5% at 2:05 AM ET (0605 GMT), ...
Oil prices gained on Wednesday after a steep decline in U.S. crude stockpiles, while markets await OPEC’s next steps on supply cuts to be announced after a meeting later today. Brent crude futures rose 0.2%, or 10 cents, at $43 per barrel. ...
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