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However, speaking at a meeting, the head of the Swiss National Bank (SNB) has said the asset does not currently fit the provisions of a reserve currency.
2022-4-29 18:15 | |
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Morgan Stanley’s global strategist has made a case that bitcoin is making progress towards replacing the U. S. dollar as the world’s reserve currency. “Do not assume that your traditional currencies are the only stores of value, or mediums of exchange, that people will ever trust,” he warned governments.
2020-12-13 02:15 | |
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One of the main predictions made by Bitcoin evangelists is that BTC will become the next reserve currency of the world after the dollar falls. The idea is fairly well-known and now it was also backed by Max Keiser, a popular US broadcaster and crypto supporter. The idea is based in the belief that USD […]
2019-3-12 05:12 | |
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In terms of design, paper currency in the United States hasn’t changed much in the past hundred years. There have been updates and additional flourishes — not to mention security measures — but overall, it’s essentially the same set of bills circulated since 1913.
2018-8-11 01:17 | |
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We are in the most exciting part of a generational cycle for markets where the country having reserve currency status (US) is now trying to absolve itself of the responsibilities which comes with reserve currency.
2018-8-4 22:57 | |
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As we should all know by now, cryptocurrency in India is taking a bit of a hit. With the Reserve Bank of India (RBI) ruling against it and the supreme court looking likely to do the same thing, by the end of September cryptocurrency could seriously hit a dead-end in the country.
2018-7-26 16:30 | |
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Jerome Powell Claims Bitcoin is Not a Real Currency and Has No Intrinsic Value The head of the United States Federal Reserve issued a warning to Congress earlier today regarding cryptocurrencies. Federal Reserve chair Jerome Powell, who took the position in February, said on Capitol Hill that bitcoin and other cryptocurrencies are dangerous to “unsophisticated […]
2018-7-21 00:41 | |
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The biggest case involving the Indian cryptocurrencies market is scheduled to resume today as the Supreme court presides over a lawsuit filed by exchanges against the Reserve Bank of India (RBI). A directive by the central banking authority required that all banks in the country quit doing business with virtual currency exchanges on or before […] The post India Stands Still – Should Crypto Go or Stay ? appeared first on ZyCrypto.
2018-7-20 15:08 | |
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A penny for your thoughts.
2018-7-20 20:57 | |
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Mastercard have applied for a new blockchain patent. Yep – another one. Is there a limit to how many patents you can apply for in one year? The document outlines its particular goal: quickening merchant transactions that use cryptocurrencies.
2018-7-18 13:19 | |
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The Reserve Bank of India’s (RBI) harsh stance towards the local digital currency space may not last forever. If the latest report coming from reliable sources at the finance ministry is anything to go by, authorities are on the verge of regulating blockchain-based virtual currencies as commodities, a move that would be very beneficial to cryptocurrency investors in the Asian.
2018-7-13 16:00 | |
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Crypto-celebrity John McAfee has spoken out against the Reserve Bank of India (RBI), whose decision to ban cryptocurrency is now in full force in the wake of a July deadline set by the RBI when the decision was initially made.
2018-7-9 23:30 | |
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In a recent hearing, the Supreme Court of India refused to grant a stay on a banking ban for cryptocurrency entities dictated by the Reserve Bank of India (RBI). The RBI ban will come into effect on July 5th.
2018-7-6 15:59 | |
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With the Reserve Bank of India’s (RBI) new ruling coming to force yesterday, India have featured in numerous news headlines and will no doubt continue to do so through the week. As a recap, yesterday the RBI’s new rulings came to power which essentially mean cryptocurrency trading across exchanges, with FIAT currency will no longer be allowed.
2018-7-6 11:30 | |
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The Reserve Bank of India’s cryptocurrency ban comes into effect tomorrow (July 6, 2018). Once one of the thriving centers of cryptocurrency commerce, the ban is most likely going to decimate India’s virtual currency economy.
2018-7-5 23:00 | |
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The Reserve Bank of India (RBI) decided, in a circular issued on April 6, that banks in the country will no longer be allowed to do business with crypto exchanges. The deadline, which expires on July 5, is forcing companies to prepare for the worst.
2018-6-29 02:00 | |
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Belfrics Group, a Malaysia-based crypto exchange, will resume its operations in India after a six-month hiatus. The company shut down its digital currency exchange earlier this year before the Reserve Bank of India officially announced a ban on banking companies, payment companies, and NBFCs supporting with crypto entities.
2018-6-27 16:35 | |
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Francois E. Groepe, deputy governor of the South African Reserve Bank (SARB), said that it does not consider digital coins securities or currencies. He suggested that SARB does not prefer to use the term “cryptocurrency.
2018-6-27 16:19 | |
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A senior official at the Reserve Bank of Australia (RBA) said that bitcoin is unlikely to be widely adopted in the country. He outlined the digital currency’s price volatility as well as the stability of the Aussie dollar as the main reasons.
2018-6-27 08:00 | |
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Dr. Tony Richards, head of payments policy at the Reserve Bank of Australia, said that the stability of the Australian dollar would make widespread Bitcoin adoption in the country unlikely. He also suggested that the local use of the currency is so limited that the central bank does not consider it a major impact on […] Bitcoin Unlikely to Take Off in Australia, An RBA Official Suggests was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
2018-6-27 22:23 | |
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A senior official at the Reserve Bank of Australia (RBA) has speculated that Bitcoin is unlikely to succeed in Australia because they already have a successful currency. The official compared the volatility of cryptocurrencies to stable fiat alternatives and cast doubt on Bitcoin as a store of value.
2018-6-26 21:00 | |
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The trend of ‘central banks’ talking about cryptocurrencies is warming up once more, with The Reserve Bank of Australia (RBA) and The Reserve Bank of New Zealand (RBNZ) weighing in on the debate. The pair have moved to debunk rumours that they are investigating in establishing their own central bank digital currency, on the basis that they believe such a project would inevitably damage their current banking system.
2018-6-26 17:00 | |
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As regulatory uncertainty in the Indian cryptosphere continues, exchanges and crypto-related businesses in the country are putting measures in place to cushion the effect the Reserve Bank of India’s ban may have on their businesses.
2018-6-26 14:42 | |
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The saga surrounding The Reserve Bank of India (RBI) and their attempt at banning cryptocurrencies continues. We have recently seen confirmation from the RBI that they failed to do any prior research before making a move to ban cryptocurrencies, and of course a team of legal officials are working on determining how much say the RBI have in this matter, but regardless, the RBI deadline of the 5th of July now nears.
2018-6-25 13:00 | |
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One of India’s leading cryptocurrency exchanges, Zebpay have announced that they may soon have to make some changes. In light of the decree that was released and distributed by the Reserve Bank of India, the exchange, that previously has and still does provide the service of converting crypto assets into fiat currency and subsequently depositing The post Indian exchange Zebpay might stop crypto-to-fiat conversions appeared first on ItsBlockchain.
2018-6-21 12:58 | |
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The company Ripple, which straddles the world of virtual currency and cross-border remittances, is left calm and collected by RBI’s (Reserve Bank of India’s) restriction on how banks carry out their dealings with cryptocurrencies.
2018-6-16 22:00 | |
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It’s been a turbulent time for the cryptocurrency markets, so now is a good time to reflect on how and why we got here in the first place. First, an op ed makes the ideological case for Bitcoin.
2018-6-16 04:35 | |
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The Time Value of Bitcointl;dr The HTLCs in Lightning Network give bitcoin a path to become a global reserve currency. Abstract Lightning Network provides a framework to measure the time-value of bitcoin, a precursor for a capital market and reserve currency status.
2018-6-16 03:15 | |
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With such practical and academic prowess behind it, Saga has every chance of pulling off what neither stable coins or fiat currencies have yet managed: a currency with low volatility that appreciates over time.
2018-6-15 04:00 | |
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If you read the financial headlines, there is a battle brewing between the Emerging Markets (EM) and a strengthening US dollar. The standard narrative is that the US Federal Reserve is hiking interest rates and causing the dollar to strengthen.
2018-6-15 03:56 | |
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With such practical and academic prowess behind it, Saga has every chance of pulling off what neither stable coins or fiat currencies have yet managed: a currency with low volatility that appreciates over time.
2018-6-15 01:28 | |
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There is substantial controversy surrounding Tether, a cryptocurrency that claims to be pegged to the U. S. dollar. According to Tether, each Tether token is backed by one U.
2018-6-14 22:01 | |
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With such practical and academic prowess behind it, Saga has every chance of pulling off what neither stable coins or fiat currencies have yet managed: a currency with low volatility that appreciates over time.
2018-6-14 18:44 | |
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2018 has been a year of crypto regulations. After the massive bull run of 2017, twenty eighteen came in with an entirely different spirit, with various regulatory authorities formulating all kinds of laws to govern the Cryptospace.
2018-6-14 17:31 | |
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As many advocate to replace the U. S. dollar as the global reserve currency, Bitcoin and nationalized cryptocurrencies may finally offer Muslim countries economic stability and leeway in Western politics.
2018-6-14 15:27 | |
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