Czech central bank tests DLT bonds, boxing out stablecoins

The public institution that manages a country's currency, money supply and benchmark interest rate, such as the Federal Reserve or the Reserve Bank of India.

Its decisions on rates and money supply move loan costs, currencies and markets for everyone in the economy.

A loan made by an investor to a government or company, which pays interest and returns the money on a set date.

Bond yields set the baseline for borrowing costs across an economy.

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.