2020-7-30 14:38 |
Somewhat behind schedule, Cambodia’s banks are readying themselves for a forthcoming national blockchain-based currency.
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The blockchain analytics firm is launching an initiative to pitch itself to central banks as both a tech partner and a guiding influence on future digital currency projects.
2020-5-13 19:06 | |
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A retail Central Bank Digital Currency (CBDC) would be a digital and universally accessible form of money issued by central banks. Objectives= anticipate the disappearance of cash, create efficient means of payment, and strengthen regulatory controls.
2020-5-7 14:00 | |
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On May 1, 1933, US President Franklin D. Roosevelt outlawed gold. He declared Americans withdrawing their gold and currency from the banking system a “national emergency” and ordered banks to close to prevent the export and hoarding of gold or currency.
2020-5-3 13:53 | |
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Trading near a seven-year high, gold is heading for its biggest monthly gain since 2016 as central banks ramp up the stimulus to keep up the economy after being damaged by the coronavirus pandemic. Gold rallied in 2020 as investors sought safe haven amidst the unprecedented monetary stimulus sparked concern about currency debasement. The bullion […]
2020-5-1 20:10 | |
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Protests in Lebanon have been going on since October last year as the citizens grapple with the falling economy. With the country’s national currency plunging to new all-time lows, the citizens are now defying coronavirus lockdown measures to protest in the streets.
2020-4-29 16:53 | |
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An individual has been killed during violent standoffs between protesters and the Lebanese army. The uprising is the latest development in the anti-government protests that have been on and off since last year.
2020-4-29 09:12 | |
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With central banks all over the world considering digital currency implementations, the Netherlands central bank, De Nederlandsche Bank (DNB), has released a central bank digital currency report.
2020-4-24 00:00 | |
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The digital currency developed by the Chinese central banks and government will certainly be something to behold. It now seems that the first trial run of the currency is underway. It has been rumored for some time now, but China’s national digital currency has finally arrived.
2020-4-22 05:00 | |
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Yesterday, the crypto community was shocked when local reports suggested that the Agricultural Bank of China — one of the nation’s biggest commercial banks, which is coincidentally state-owned — has begun to test a national digital currency project.
2020-4-16 10:00 | |
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China’s Digital currency might be integrated with the country’s financial ecosystem sooner than expected despite the COVID-19 pandemic. This is after one of its state-owned banks – Agricultural Bank of China (ABC) – released an application that accommodates the prospective central bank currency, DC/EP.
2020-4-15 17:18 | |
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Bitcoin was born with the intention of having a currency free from the control of banks and governments. However, Bitcoin and most other cryptocurrencies are transparent and can be subject to analysis techniques that destroy users’ privacy.
2020-4-9 07:14 | |
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Talk of CBDCs may have taken a back seat for many world central banks right now. Yet, despite claiming there was no reason for one just a couple of months ago, the Bank of Korea has unveiled a 22-month pilot plan.
2020-4-6 14:00 | |
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Central banks across the globe are now pondering on the question of issuing a central bank digital currency [CBDC]. Having started with Facebook's Libra and China's public embrace of blockchain last yThe post United States' fiat currency needs re-evaluation, in light of digital Yuan appeared first on AMBCrypto.
2020-3-31 11:30 | |
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Yesterday, the Egyptian central bank issued a directive limiting all cash withdrawals from banks over fears it will run out of currency. Egypt is feeling the economic pressures of the coronavirus pandemic and is now instructing its citizens not to take out so much cash.
2020-3-31 02:15 | |
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The idea of a central bank digital currency (CBDC) has been under consideration by central banks across the globe ever since cryptocurrencies such as Bitcoin started gaining popularity. As a precursor to implementing such a nationwide digital currency, central banks across the globe have two options: bar all cash transactions or allow the general population […] The post Could Central Bank Digital Currencies Ever Replace Fiat Money? appeared first on BeInCrypto.
2020-3-23 23:05 | |
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Central banks have four good reasons to adopt digital currency: financial stability, identity management, inclusion and consumer protection.
2020-3-22 16:24 | |
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The Federal Reserve has announced that commercial banks no longer need to hold hard currency relative to how much they are giving out. The case for a deflationary currency has never been clearer.
2020-3-21 07:15 | |
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The viability of fiat currency is being stretched to its limit as banks run out of cash in New York amid the novel coronavirus pandemic. Fear continues to spike and reports are now confirming that New Yorkers are taking out cash in record numbers, particularly the wealthy.
2020-3-16 06:15 | |
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Central banks around the world are assessing the benefits of issuing a state-controlled digital currency after China announced that it is close to launching its digital yuan and Facebook launching Libra.
2020-2-26 22:35 | |
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When Satoshi Nakamoto invented Bitcoin, the creator designed the protocol to be an inflationary currency, one that is predictable as bitcoin’s inflation always decreases every four years. Today, 77 days before the reward halving, BTC’s inflation rate is around 3.
2020-2-26 02:45 | |
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Sarah John, chief cashier of the Bank of England (BoE) says governments should seriously consider creating central bank digital currencies (CBDC) as a countermeasure to private crypto projects. Central Banks Need to Dominate Digital Currency Space Speaking to the Telegraph, John highlighted the need for central banks to consider CBDC as a viable option.
2020-2-25 20:00 | |
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Facebook's Libra sparked a heated conversation on stablecoins and central bank digital currency [CBDC] issuance across the globe and as a result, several central banks have jumped into the conversatioThe post Bank of England exec highlights need to consider digital currencies as options appeared first on AMBCrypto.
2020-2-25 18:25 | |
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One of the most respected investment banks, J. P. Morgan, has issued a report that confirms their belief in the digital currency revolution. The launch of JPM Coin was met by surprise from the crypto community following the firm’s managing director’s controversial remarks regarding Bitcoin.
2020-2-23 06:00 | |
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Benoit Coeure, current head of Innovation Hub at the Bank of International Settlements (BIS), has today said in an interview with CNBC he is confident central banks partly hold the future of cryptocurrencies.
2020-2-21 00:08 | |
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As China storms forward with its digital currency, other countries aren’t sitting idle. The leaders of six major central banks will hold their first meeting in April. Six Central Banks to Meet in April In response to the rising threat from government and corporate-backed digital currencies, central banks from six major global economies announced a coalition last month.
2020-2-7 15:00 | |
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The heads of six major central banks will hold their first meeting on potentially developing their own digital currencies in April, Nikkei says.
2020-2-6 13:32 | |
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Former Banque de France governor, Christian Noyer, suggested that a consumer-focused central bank digital currency (CBDC) could still be 10 years away, despite current interest from over 50 central banks.
2020-2-5 18:00 | |
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Last year social media giant Facebook put the world’s central banks into a panic with its crypto currency ambitions. This year they are scrambling to launch their own digital currencies but competition could lead to a crypto cold war.
2020-2-4 15:00 | |
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Retail merchants in Venezuela are refusing to accept Petro payments as hyperinflation is causing massive devaluation upon liquidation of the crypto at the banks. Meanwhile, the country’s government has reintroduced price control inspectors as part of efforts to pressure stores into accepting the country’s state-issued digital currency.
2020-2-4 00:00 | |
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While people tend to think of money as being all the same, the fact is governments and banks use different types of money than the everyday individual. From the top of the economic pyramid of world reserve currencies, down through central bank and commercial bank money, the capacities and function of different kinds of money […] The post Hierarchies of Money: Why You Use Bank Money But the Bank Wants Reserve Currency appeared first on Bitcoin News.
2020-1-31 21:00 | |
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Bank of Lithuania may be the next entity to look into Central Bank Digital Currencies (CBDCs), after multiple banks worldwide have expressed interest. All Aboard the Central Bank Digital Currency Bandwagon Following preliminary interest from central banks in China, as well as India, Cambodia, and to an extent the European Central Bank, the Bank of Lithuania has given attention to digital assets issued and backed centrally.
2020-1-31 16:00 | |
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Financial results released by two U. S. banks providing services to the crypto industry have indicated a decline in deposits from digital currency customers. However, a positive trend has been observed as well.
2020-1-31 12:00 | |
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Cambodia's central bank digital currency platform has the support of 11 national banks and will be used initially for domestic payments once launched at some point during the first fiscal quarter of this year.
2020-1-31 20:00 | |
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With China set to be the first nation to release a sovereign digital currency, central banks around the world are positioning to follow.
2020-1-31 18:00 | |
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Two years after reports of a Cambodian cryptocurrency, the country is set to launch a central bank digital currency (CBDC) payment system. Project Bakong to Feature Centralized Digital Currency According to Cambodian daily Phnom Penh Post, the country’s central bank is set to roll out “Project Bakong,” a blockchain-powered money transfer platform that features a CBDC.
2020-1-31 17:00 | |
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Villeroy de Galhau, Governor of the Bank of France, said on Saturday that virtual currency can be useful especially when cash transactions are decreasing in various nations, however, it should be the prerogative of central banks to issue it and not private firms, Reuters reports.
2020-1-26 19:48 | |
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This week’s news from Japan includes digital currency interest from several central banks and authorities, cryptocurrency exchange Binance and more
2020-1-27 11:57 | |
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Bitcoin price has come down to $8,300 level from last week’s $9,200 level. Despite bouncing off the support yesterday, it was unable to reclaim the level and made its way back toward support. We have come to some serious resistance at the 200-day moving average, a line that Mati Greenspan, founder of Quantum Economics says […]
2020-1-26 19:20 | |
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A group of Japanese lawmakers from the country’s ruling Liberal Democratic Party is planning on a proposal for Japan to issue a national digital currency, otherwise known as the digital yen. The need to develop a digital yen would seek to counter China’s digital yuan; meanwhile, more central banks across the globe are either studyingRead MoreRead More.
2020-1-26 02:00 | |
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Hawaiian lawmakers have submitted a bill SB2594 on Jan. 18 that would make it legal for the banks to provide custody for digital assets. As per this bill, Hawaiin banks will be allowed to hold “Digital asset,” “Digital consumer assets,” “Digital security,” “Virtual currency,” and any other “open blockchain token” for their customers. Banks can […]
2020-1-24 19:33 | |
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A fifth of the world's population may well have access to a central bank digital currency in as little as three years, according to a BIS survey.
2020-1-24 16:02 | |
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Recent reports indicate that Japan might be moving towards launching its own CBDC, although uncertainty remains high due to reports that deny the decision. Japanese lawmakers might be moving in on the crypto space Ever since Facebook confirmed the rumors that it plans to launch its own cryptocurrency, lawmakers, regulators, and central banks around the world started taking the crypto sector a lot more seriously.
2020-1-24 14:32 | |
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Central banks representing a fifth of the world’s population say they’re likely to issue a “Central Bank Digital Currency” in the next three years, according to an official survey. According to a survey on CBDCs published by the Bank of International Settlements on Jan.
2020-1-24 03:44 | |
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The Bank of International Settlements (BIS) conducted a survey, showing roughly ten percent of central banks are expected to issue a Central Bank Digital Currency in the near future. The BIS report was released on January 23 and presented the results from a survey conducted on 66 central banks from all over the world, investigations […]
2020-1-24 00:30 | |
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The World Economic Forum (WEF) has created, in partnership with some of the most important central banks, a policymaker toolkit for a central bank digital currency (CBDC). The announcement was made on January 22.
2020-1-24 22:34 | |
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Venezuela’s ongoing economic crisis has contributed to hyperinflation, with its native fiat currency losing its value with every passing day. These factors, coupled with declining trust in banks, arThe post Bitcoin is helping arbitrate exchange rates for Venezuela's migrants appeared first on AMBCrypto.
2020-1-23 15:30 | |
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The World Economic Forum together with major central banks and financial institutions has released a toolkit for policymakers regarding central bank digital currencies
2020-1-23 14:22 | |
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In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail fund, Thailand approving a new crypto exchange, and new crypto guidelines […] The post Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies appeared first on Bitcoin News.
2020-1-23 07:55 | |
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A financial publication recently gathered data on Bitcoin transaction times, payment network reliability, and transaction performance — and the results speak positively of the digital currency. Bitcoin’s execution time has been steadily decreasing and improvements in the technology emphasize how cryptocurrencies outdo banks by a considerable margin.
2020-1-23 00:22 | |
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When the world's second-largest economy sneezes, global markets pay attention. China, facing a deflating property bubble, is on the brink of implementing a massive monetary stimulus that will boost risk assets
Even with a 3-5% cost to convert [stablecoin] USDT into equities, the potential upside of 50-70% in China's stocks makes this a strategic move, one observer said.
Hong Kong plans to implement European-style reporting rules for OTC crypto derivatives, including the use of DTIs, by 2025.
China’s benchmark government bond yield fell to a nearly 22-year low with experts attributing the development to a shift in investor behaviour towards fixed-income products amid a fragile economic recovery.
The Industrial and Commercial Bank of China (ICBC), the world’s biggest lender, recently published a report highlighting the potential of Bitcoin (BTC) and Ethereum (ETH). The report notably refers to Ethereum as “digital oil,” emphasizing its crucial role in the evolving digital economy.
President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to halt operations on Monday, calling it a threat to national security.
Massive demand for a China-listed gold ETF sent its premium soaring to 30% earlier this week.