Key Notes Pakistan will launch a central bank digital currency (CBDC) pilot program soon. New “Virtual Assets Act, 2025” introduces clear licensing and regulation. The country aims to join others like India and Nigeria in CBDC trials. Pakistan is preparing to launch a pilot program for a potential digital currency as part of its wider […]
Pakistan Prepares Digital Currency Pilot, Central Bank Confirms Read More »
Turkish households hold an estimated $311 billion worth of unregistered physical gold outside the formal financial system, a massive stockpile far exceeding the central bank’s official reserves. Beyond Banks: Türkiye Citizens Hold $311B in Physical Gold According to central bank estimates cited by Onur Erdogan for Türkiye Today, this “under-the-pillow” gold, calculated as of the
$311B Worth of Pillow Gold: Türkiye Household Gold Hoard Dwarfs Central Bank Reserves Read More »
The Bank of Korea, South Korea’s central bank, is still lukewarm on proposals to launch a won stablecoin, despite a recent meeting with the USD Coin (USDC) issuer Circle. The South Korean media outlet Newsway reported that unnamed Circle executives have held recent meetings with officials from the Bank of Korea and lawmakers from the
Bank of Korea Still Skeptical About Won Stablecoin Issuance Despite Circle Meeting Read More »
Market analyst Weston Nakamura has labeled the 40-year Japanese Government Bond (JGB) market as the “most dangerous market in the world. Cross-Asset Contagion While many global investors and financial journalists may overlook it, the 40-year Japanese Government Bond (JGB) market is, according to market analyst Weston Nakamura, the “most dangerous market in the world.” Nakamura
The World’s Most Dangerous Bond? Analyst Sounds the Alarm on Japan’s 40-Year JGB Market Read More »
The South Korean central bank has entered the political furore surrounding stablecoins, insisting it should have the final say over the issuance of a KRW-pegged coin. Stablecoins have become a “political hot potato” ahead of next month’s presidential elections, South Korean media outlets wrote on May 12. Aju Kyungjae quoted the Bank of Korea (BOK)
South Korean Central Bank Wades into Presidential Candidates’ Stablecoin Row Read More »
On April 12—just over two weeks prior—expectations surrounding a potential cut to the federal funds rate were in flux, with markets assigning a 39.8% probability that the U.S. Federal Reserve would lower the rate by 25 basis points. Fast forward to seven days ahead of the next Federal Open Market Committee (FOMC) gathering, and that
Markets Bet on Fed Pause in May Even as Trump Rattles the Cage Read More »
Canada’s Conservative party leader Pierre Poilievre was poised to win the election by a landslide, until U.S. President Donald Trump threatened to annex the country. Mark Carney Assumes Power After Trump Took Center Stage in Canada’s Federal Election Mark Carney, the shadowy former governor of Canada’s central bank, was elected as Prime Minister on Monday
