Sentences with phrase «currency by the central banks»

At the event, which was hosted by the Yale Law School Center for the Study of Corporate Law in New Haven, Powell highlighted three specific areas where blockchain technology is affecting change in regard to the Federal Reserve's «broad public policy objectives»: the creation of real - time payment systems, use of blockchain technology for clearing and settlement services, and the issuance of digital currencies by central banks.

On March 3, 2017, Powell criticized the issuance of digital currencies by a central bank and praised the use of distributed ledger technology.

«There is a movement to make use of blockchain technology for virtual currency by the central banks themselves,» he said.

Not exact matches

Devaluation means a deliberate attempt by a government or central bank to lower the value of its currency in foreign - exchange markets.

The Turkish deputy prime minister denies that the country is in a currency crisis despite several interventions by the central bank.

By way of example, he shared with his audience what the central bank would have had to have done to prevent the Canadian currency from climbing to par with the U.S. dollar in early 2008.

Derivatives trading is the culmination of a wild year for bitcoin, which captured imaginations and investment around the world, propelled by its stratospheric gains, and its anti-establishment mission as a currency without the backing of a government or a central bank, and a payment system without a reliance on banks.

The central bank also released its latest quarterly report on the economy, which says, «export growth will be limited by the recent appreciation of the Canadian dollar, alongside that of the U.S. dollar, vis - à - vis most other currencies.»

For starters, here's an overly simplified explanation of Bitcoin: It's a digital currency (there are more than 800 now) that isn't controlled by a central authority such as a government or bank.

In Sweden, where use of cash is vanishing, the central bank is investigating issuing its own digital currency, the E-krona, out of concern that widespread use of other virtual currencies controlled by private actors could harm competitiveness.

According to a Canadian official who requested anonymity, the central bank answered that a unilateral currency switch wouldn't mean much for Canada — all it has to do is supply the notes and coins purchased by Iceland — and the country was welcome to do it.

BUDAPEST / PRAGUE, May 2 - The Czech crown firmed on Wednesday, boosted by expectations of hawkish central bank comments, while other Central European currencies hovered near multi-month lows set in the previous session on the back of a dollarcentral bank comments, while other Central European currencies hovered near multi-month lows set in the previous session on the back of a dollarCentral European currencies hovered near multi-month lows set in the previous session on the back of a dollar rally.

The Turkish deputy prime minister denies that the country is in a currency crisis despite several interventions by the central bank to prop up the Lira.

The head of Denmark's central bank has warned that the Danish krone is coming under intense pressure from investors seeking a haven in Europe and betting that the currency's peg to the euro could be cracked by the crisis.

A reserve currency is a foreign currency held by central banks and other major financial institutions as a means to pay off international debt obligations.

Russia's central bank took drastic action to defend its rouble currency in a surprise midnight raising of interest rates by 650 basis points to 17 percent.

In the currency markets, the differing messages of the world's major central banks on inflation and monetary policy prodded the dollar higher against the yen ahead of a series of appearances by U.S. Federal Reserve officials this week.

To address the rapid direction toward cashlessness, one option being tabled by the central bank is a government - backed virtual currency called the ekrona.

In other words, traders rushed to sell the Australian dollar, the Korean won and other currencies to get ahead of inevitable countermeasures by the region's other central banks.

It started with the Swiss National Bank's (SNB) decision to unpeg its currency from the euro earlier this month, followed by a larger - than - expected bond - buying program from the European Central Bank (ECB) on January 22.

The renegades, inspired by 2007 — 08 financial crisis, don't trust central banks and fiat money; they want a new global currency with limited supply.

While discussing Russian interest in that token, Olga Skorobogatova, the first deputy governor of Russia's Central Bank, said that «the [issuance] of a virtual currency is not needed much by one country.»

Several of the largest central banks in the world, including the Bank of England and the People's Bank of China, have said they are looking at using the technology introduced by Bitcoin to track and issue their own digital currencies.

Bitcoin has, however, served to stimulate interest in the potential offered by distributed ledgers, extending to the possibility of central - bank - issued digital currencies.

Hoffman also commented on the recent surprise move by the Chinese central bank to devalue its currency, the yuan.

These include actions by the People's Bank of China to further curtail digital asset trading, an alliance between the central bank and other agencies to target fraudulent virtual currency schemes, and an announcement from the Shenzhen stock exchange stating that companies speculating on blockchain technology will face repercussiBank of China to further curtail digital asset trading, an alliance between the central bank and other agencies to target fraudulent virtual currency schemes, and an announcement from the Shenzhen stock exchange stating that companies speculating on blockchain technology will face repercussibank and other agencies to target fraudulent virtual currency schemes, and an announcement from the Shenzhen stock exchange stating that companies speculating on blockchain technology will face repercussions.

So declared Israel's central bank, which said Monday, as reported by Reuters, that it would not view cryptocurrencies — bitcoin among them, of course — as a reputable form of currency.

While a weaker yuan looked inevitable to Trinh, the central bank's decision to devalue the currency on Tuesday took markets by surprise — sparking a selloff in global equities and emerging - market currencies.

Relatedly, Yifei discussed further efforts being made by China to «strengthen the management» of gold and silver, improve anti-counterfeit currency work, and develop its central bank digital currency (CBDC), which Yifei «steadily promoted,» according to an official press release.

Central bank weakens currency further by 1.1 % after previous official cuts that put global financial markets on edge

Bitcoin, invented by Satoshi Nakamoto as the first blockchain application, became the first major currency in the world not controlled by a government or central bank.

• The gold industry can be significantly affected by international monetary and political developments, such as currency devaluations or revaluations, central bank movements, economic and social conditions within a country, trade imbalances, or trade or currency restrictions between countries.

In the short - term, market interest rates can be driven by a number of factors including economic data, central bank announcements, financial conditions (including stock and currency markets) and overall sentiment.

I do not agree with intervention for our currency due to factors being escalated by the American and Chinese central banks.

In sum, the U.S. payments deficit and central bank movements out of the dollar, aggravated by U.S. military activity in Iraq and other countries, may indeed trigger a shift of international currency holdings into euros.

The problem is for this or other currencies to become international reserves held by foreign central banks, the issuing nation has to run a balance of payments deficit to pump this currency into the global economy.

Bitcoin proponents like the fact that it and a host of other currencies generated by computer programs are not backed by a government or central bank, and that their value fluctuates only according to demand.

««Virtual currencies» means a digital representation of value that is neither issued by a central bank or a public authority, not attached to a legally established currency, which does not possess the legal status of currency or money, but is accepted by natural or legal persons as a means of exchange or for other purposes, and can be transferred, stored or traded electronically.

Many experts within the foreign currency community claim that the US Dollar is manipulated and controlled by the major central banks of the world.

For developed economies, in other words, significantly higher capital inflows from abroad would either cause savings to decline as the inflows strengthen their currencies and reduce exports — causing either unemployment or consumption to rise — or, if their central banks act to sterilize the inflows, to increase imports by increasing consumer debt.

The Bank of Israel and the ministry stress that digital currencies are not legal tender, nor are they issued or backed by a central bank, which means there is not legal requirement for anyone to accept or exchange tBank of Israel and the ministry stress that digital currencies are not legal tender, nor are they issued or backed by a central bank, which means there is not legal requirement for anyone to accept or exchange tbank, which means there is not legal requirement for anyone to accept or exchange them.

«The wild fluctuations of the digital currencies along with competitive business activities underway via network marketing and pyramid scheme have made the market of these currencies highly unreliable and risky,» the central bank was quoted as saying in a Farsi report by the Iran newspaper's website.

Part of the attraction of bitcoin is that it's not a fiat currency: It can't be inflated or «manipulated» by central banks; it's like gold in its limited, exogenous supply and its deflationary effects.

Following a decision by the Euro - currency Standing Committee (now the Committee on the Global Financial System) in December 1997, a group of central bank economists and market analysts, under the chairmanship of the Bank of Japan, conducted this research from February 1998 to March 1bank economists and market analysts, under the chairmanship of the Bank of Japan, conducted this research from February 1998 to March 1Bank of Japan, conducted this research from February 1998 to March 1999.

It is in fact the case that the amount of currency in circulation has not been affected by any of these policies (such as quantitative easing by major central banks).

To shore up its currency, the Russian central bank increased policy rates by 150 basis points on 31 October.

Unlike traditional currencies, Bitcoin operates without central authority or banks and is not backed by any government.

Nigerians were warned by the Deposit Insurance Corporation of Nigeria (NDIC) prior to use crypto currency, because the Central Bank of Nigeria (CBN) does not recognize them for their legitimate currency, reports the local Business journal Post Nigeria.

March, Igoche said that if digital currency not backed by any physical commodity such as gold or precious stone, are not classified as currency or coins issued by CNB or Central Bank of any other country.

Non-U.S. currencies too have benefited, with comments by European Central Bank (ECB) leaders including Mario Draghi driving up the Euro, which is now trading at its 2015 level.