Ex-CFTC Chairman Discusses Celsius' Bankruptcy and CBDC Adoption

2022-7-19 22:34

The former Commodity Futures Trading Commission chief joined CoinDesk TV’s “First Mover” to discuss why the bankruptcy of lender Celsius Network could set legal precedent in future crypto hearings and why the likelihood of CBDC adoption worldwide could be based on Chinese technology.

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cbdc could adoption bankruptcy celsius future precedent

Источник: coindesk.com

cbdc could → Результатов: 116


Фото:

Circle Says A Central Bank Digital Currency (CBDC) Is Not Needed

In recent times, several central banks have been looking to develop a Central Bank Digital Currency (CBDC) to address the limitations of fiat currencies, especially in cross-border payments. However, Circle, issuers of the USDC stablecoin, have said the development of a CBDC is unnecessary and could produce more harm than benefits. In response to the […]

2022-5-31 16:17


Фото:

US Lawmakers Are Making Moves To Ban China’s Digital Yuan From App Stores In The Country With New Bill

A trio of Republican lawmakers are making a move to limit the use of the digital yuan in American cyberspace. The lawmakers argue that the digital yuan could be used to spy on American citizens. While the US has stalled in its CBDC development, China has made significant strides with its digital yuan. China’s digital […]

2022-5-31 16:08


Фото:

Decline In Cash Usage Could Force New Zealand To Launch Digital Currency

Declining cash usage in New Zealand could inspire the country’s financial regulatory authorities to launch a central bank digital currency (CBDC) sooner than expected. Electronic transactions currently account for 90% of liquid money in the country according to an official statement from the Reserve Bank of New Zealand. Additionally, as of 2020, only 9% of […]

2021-10-6 17:40


U.S. Federal Reserve has no intention to ban cryptocurrencies, Chairman Powell says

Speaking before the House Financial Services Committee, US Federal Reserve Chairman Jerome Powell, stated that the authority has no objective to ban cryptocurrencies.   According to Powell, who responded to his earlier comments that cryptocurrencies could be replaced by a central bank digital currency (CBDC), the crypto market should be regulated in accordance with existing laws.

2021-10-3 20:07


Significant Stablecoin Adoption Could Result in “Excessive Market Power,” says BIS Report on CBDC

Central bank money ensures public trust in money and supports public welfare, said the global body policymaker in its latest report on central bank digital currencies (CBDCs). With new forms of digital money issued by the private sector, such as stablecoins emerging, which has accelerated since the Covid-19 pandemic began, central banks are also ensuring […] The post Significant Stablecoin Adoption Could Result in “Excessive Market Power,” says BIS Report on CBDC first appeared on BitcoinExchangeGuide.

2021-10-1 18:12


Фото:

Ukraine Minister Says First Digital Currency Pilot Could Focus on Staff Salary Payments

The head of Ukraine’s Ministry of Digital Transformation has said that paying the staff of the ministry in the proposed central bank digital currency (CBDC) is under consideration.  Ukraine CBDC Pilot Could Initially Involve Salay Payments In a recent interview with local Ukraine news outlet TSN, Mikhail Fedorov, who is also the country’s deputy PrimeRead More

2021-8-19 11:00


You Wouldn’t Need Crypto If You Have CBDC; ECB & Fed Selling Their Digital Fiat As Better Than Bitcoin

Federal Reserve Chairman Jerome Powell on Wednesday came out strongly supporting a digital dollar, saying it could undercut the need for cryptocurrencies and stablecoins. When asked during the congressional hearing if having a digital currency issued by the central bank would be a more viable alternative than cryptos in the payments system, Powell agreed and […] The post You Wouldn’t Need Crypto If You Have CBDC; ECB & Fed Selling Their Digital Fiat As Better Than Bitcoin first appeared on BitcoinExchangeGuide.

2021-7-15 16:35


Ripple’s Partner Accenture Writes Paper With SWIFT On CBDCs

Ripple’s partner Accenture, the technology and business consulting firm, has published a paper with SWIFT on the potential for central bank digital currencies (CBDC) payment solutions. Titled “Exploring central bank digital currencies: How they could work for international payments”, the paper claims there is surging interest for these types of assets. Accenture is a Fortune […]

2021-5-12 01:22


Фото:

Launch of CBDCs will Lower Bitcoin Demand, Says Bank of Korea Governor

The Korean Central Bank Governor believes the rise of CBDC will reduce demand for bitcoin (BTC) and other cryptocurrencies. CBDCs Could Hamper Bitcoin Demand In a rather interesting remark, Lee Ju-yeol, the Governor of the Bank of Korea recently state that the demand for bitcoin and other similar cryptocurrencies could dwindle once sovereign CBDCs areRead More

2021-3-27 15:00


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