2021-6-25 22:28 |
Jean-Claude Trichet claims that “real cryptocurrencies” will be issued by central banks
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An excessive number of regulatory agencies are interfering with the prospects of successful development of cryptocurrencies in Ukraine, according to a high-ranking representative of the country’s central bank.
2019-1-9 06:10 | |
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A new report published by the Bank of International Settlements (BIS) shows that the majority of central banks are studying central bank digital currencies (CBDC). However, most of them are unlikely to issue any type of digital currency in the near future.
2019-1-9 00:00 | |
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Report Shows 70% Of Central Banks Is Performing Research Regarding CBDCs According to a recent report published on January 8 by the Bank for International Settlements (BIS) seventy percent of central banks around the world are analyzing the introduction of Central Bank Digital Currencies (CBDC). However, it seems that just a few of these monetary […]
2019-1-8 21:14 | |
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According to an article by Bloomberg, published on January 7, 2019, European Central Bank (ECB) policymaker Ardo Hansson opines that cryptocurrencies are destined to die as a “complete load of nonsense.
2019-1-8 18:00 | |
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A member of the European Central Bank’s decision-making body has stated that cryptocurrencies will end up a “complete load of nonsense”
2019-1-8 05:20 | |
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Decentralized exchange Bisq has upgraded its software with an entirely new User Interface (UI) design and the launch of the Bisq Decentralized Autonomous Organization (DAO) on testnet.
2019-1-9 21:05 | |
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The Financial Stability Board, a global inter-governmental body with over 20 member countries, has ruled that virtual currencies are not a threat to the world economy. The assessment could have an impact on India, whose central bank is part of the board.
2019-1-5 11:38 | |
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According to China Judgements Online, a database of Chinese court documents, half of all lawsuits pertaining to cryptocurrencies were filed last year, highlighting an increase in fraudulent activity despite China’s regulatory crackdown.
2019-1-5 23:55 | |
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The Reserve Bank of India issues its annual financial report, stating that cryptocurrencies pose no threat to the financial industry.
2019-1-5 21:32 | |
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Cryptocurrencies expanded in the market with the promise to hold its value in the future. Most of the digital assets have a limited supply trying to safeguard investors from monetary policies taken by central banks and politicians.
2019-1-5 21:14 | |
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The Reserve Bank of India (RBI) has published a report indicating that cryptocurrencies are not a threat currently. However, the central bank says, with rapid growth and adoption of cryptocurrencies, this assessment could change, adding that constant monitoring of cryptocurrencies is needed.
2019-1-4 14:15 | |
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The Reserve Bank of India has shelved its plan to launch a state-backed cryptocurrency amidst increased government pressure and concerns around money laundering. Indian Government Still Cautious About Cryptocurrencies It seems that regulatory clarity has evaded the crypto community in India, yet again.
2019-1-3 05:52 | |
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The Federal Reserve Board governor is still not fond of the idea of central bank digital currencies, despite the fact that the reserve is equipped to issue one. The Fed Says No to CBDCs It’s been a year since bitcoin’s price exploded and launched cryptocurrencies into the mainstream, which pushed many to believe that the […] The post U.
2018-12-30 14:20 | |
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It seems as if the Federal Reserve really understands the core values of Bitcoin and that launching a national cryptocurrency is pointless. Director of the IMF Christine Lagarde spoke out about the benefits of central bank digital currencies (CBDCs) this November.
2018-12-29 23:00 | |
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According to a report published by Finance Magnates, on December 25, 2018, South Korean authorities have arrested nine cybercriminals for orchestrating drug deals using cryptocurrencies. Execute Illegal Transactions with DarkCoin On December 23, 2018, the Seoul Central District Prosecutors’ Office stated that the criminals arrested used the darknet and even set up their website to facilitate the trade of drugs.
2018-12-26 20:00 | |
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Virtual currencies expanded all over the world and in many different fields. Indeed, there are several central banks that are getting into digital currencies. There are many benefits of embracing cryptocurrencies or creating new ones.
2018-12-17 11:08 | |
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In order to curb the use of cryptocurrencies for malicious activities such as money laundering and the funding of terrorism, the central bank of Netherlands, De Nederlandsche Bank (DNB), has decided that it would be issuing licenses to cryptocurrency service providers.
2018-12-15 19:00 | |
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In the Netherlands, cryptocurrency service providers will soon be required to obtain a license from the central bank of the Netherlands, news outlet DeTelegraaf reported on December 11. The measure has been undertaken hoping that it will prevent cryptocurrencies being used to launder money obtained through crime or to fund terrorism. To qualify for a […]
2018-12-13 09:52 | |
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The Netherlands is seeking to regulate cryptocurrency companies, supposedly in a bid to prevent money laundering and alleged terrorist financing. All virtual currency businesses will now be required to obtain an operating license from De Nederlandsche Bank, the country’s central bank, under draft legislation designed to prevent crypto assets such as BTC from being used […] The post Netherlands to Regulate Cryptocurrencies in Bid to Curb Money Laundering appeared first on Bitcoin News.
2018-12-12 18:15 | |
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Satoshi Nakamoto designed Bitcoin (BTC) as an alternative to centralized payments, to exist independently from the flawed banks. As central banks tighten the valves of monetary policies, this aspect of cryptocurrency may come back to the foreground.
2018-12-10 20:37 | |
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There have been discussions, since 2014, concerning central banks and the issuance of digital payment vehicles. The formal term, Central Bank Digital Currencies (CBDCs) are at the center of most of the discussions, which the Bank for International Settlements (BIS) and the International Monetary Fund (IMF) are heading. There has also been growth in the […]
2018-12-9 13:08 | |
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Malaysia’s securities regulator and central bank are to strengthen their scrutiny of initial coin offerings (ICOs) through new rules meant to eliminate issues of unfair trade practices and alleged risk of money laundering and terrorism financing.
2018-12-9 23:30 | |
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A large commercial bank in Nigeria has threatened to shut down an undisclosed number of cryptocurrency-related accounts without explanation. Lagos-based Union Bank claims that any decision to do so would be in line with the Central Bank of Nigeria’s (CBN) past warnings about cryptocurrency trading.
2018-11-28 02:10 | |
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Lim Guan Eng, the finance minister of Malaysia, has warned individuals and companies planning to issue new cryptocurrencies with a stern: “don’t do it”. Addressing parliament on Nov. 26, Guan Eng advised to wait for legal guidance from Bank Negara Malaysia, the southeast Asian country’s central bank.
2018-11-27 12:43 | |
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Lim Guan Eng, Malaysian Finance Minister, said that all cryptocurrencies must go through Bank Negara Malaysia, the country’s central bank, before being issued to the public, reported the New Straits Times.
2018-11-27 09:32 | |
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If you thought cryptocurrencies could be kept away from the watchful eyes of banks and governments, think again. Malaysian Finance Minister, Lim Guan Eng, said that all cryptocurrencies must go through Bank Negara Malaysia, the country’s central bank, before being issued to the public, reports the New Straits Times.
2018-11-26 16:16 | |
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Nouriel Roubini a professor and notorious business economist recently stated that CBDCs or the digital currencies being introduced by the various Central Banks around the world posed a real and serious danger for the current crop of cryptocurrencies.
2018-11-26 12:16 | |
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Notorious New York University (NYU) Stern School of Business economist and professor Nouriel Roubini mentioned that Central Bank Digital Currencies (CBDCs) represent the new technological advance capable of destroying cryptocurrencies and strengthening the current economic system.
2018-11-25 21:46 | |
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Coinbase CEO Cryptocurrencies Forcing Banks To Change Zeeshan Feroz, the CEO of Coinbase UK, discussed at the Finance Magnates London Summit his position concerning retailers and central banks and that they must start changing in the world of cryptocurrency.
2018-11-23 07:51 | |
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If central banks issue their own digital currencies, then it would destroy cryptocurrencies like Bitcoin, wrote Nouriel “Dr. Doom” Roubini in his latest column. The article, titled “Why central bank digital currencies could destroy crypto,” saw the American economist building up his rants against the cryptocurrency space.
2018-11-22 20:00 | |
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Cornell University professor Eswar Prasad is the latest prominent figure to come out in support of digital currencies, suggesting that central banks should issue their own currencies in order to remain in the money game, Bloomberg reported on November 19, 2018.
2018-11-21 14:00 | |
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According to an op-ed published November 19, 2018, by world-renowned economist Nouriel Roubini aka “Dr. Doom,” central bank digital currencies (CBDCs) could potentially replace cryptocurrencies in the near future.
2018-11-21 02:00 | |
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The Indian government is reportedly getting ready with draft regulations on cryptocurrencies next month. The finance ministry set up a panel in November 2017 for the purpose of preparing a regulatory framework on the issue, but the central bank has created a hostile environment for digital currency trading platforms in 2018.
2018-11-21 02:00 | |
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When the towers in New York fell, I became obsessed with economics. I wanted to follow the money to understand what happened on that dreadful day. During that time of inquiry, I found myself very interested in Austrian economic theory.
2018-11-21 19:26 | |
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The Philippines’ central bank has rejected a proposal by International Monetary Fund chairman Christine Lagarde that governments should issue their own cryptocurrencies.
2018-11-20 16:30 | |
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Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina.
2018-11-15 17:45 | |
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With contributing reporting from Jimmy Aki. Christine Lagarde, head of the International Monetary Fund (IMF), suggested a new course of action for central banks around the world: turn their fiat currencies digital.
2018-11-15 22:38 | |
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Christine Lagarde, the managing director of the International Monetary Fund (IMF), has said central banks throughout the world should consider issuing digital currency to make transactions more secure.
2018-11-14 19:10 | |
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Speaking at the Singapore Fintech Festival this week International Monetary Fund head, Christine Lagarde, said that governments and central banks should work towards setting up their own digital currencies.
2018-11-14 15:00 | |
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The Bangko Sentral ng Pilipinas (BSP), the country’s central bank, needs more time to fully understand cryptocurrencies before publishing rules about the space.
2018-11-14 13:44 | |
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CBDCs, or Central Bank Digital Currencies, became one of the most-discussed topics in 2018. They came to be as Venezuela's attempt to fix its economy after inflation took place and left it in ruins.
2018-11-13 12:53 | |
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The price of bitcoin remained firm this week, gaining about half a percent, versus last week’s close amidst low volatility despite news out of China that suggests that the People’ Republic’s central bank’s stance towards digital currencies will not turn positive again anytime soon.
2018-11-13 21:00 | |
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The People’s Bank of China (PBoC) has shown extreme confidence in the superiority of fiat systems over cryptocurrencies. China’s central bank refused to acknowledge blockchain and its derivatives as catalysts for financial innovation.
2018-11-12 20:00 | |
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Regulators from all over the world have been waking up to cryptocurrency regulation this year and it seems the Bahamas are the latest to open their eyes. The Central Bank of the Bahamas (CBOB) has published a regulatory framework in preparations to integrate cryptocurrency-based assets into its financial services industry, according to the Nassau Guardian.
2018-11-9 18:06 | |
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Cryptogem Global, a new peer-to-peer bitcoin (BTC) exchange, has opened in Harare in defiance of the Reserve Bank of Zimbabwe’s ban on cryptocurrencies. The decentralized platform allows Zimbabweans to buy and sell BTC without the need for intermediaries such as legacy financial institutions.
2018-11-8 18:25 | |
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As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency.
2018-11-1 23:35 | |
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The Supreme Court of India has asked the government to give its view on cryptocurrencies, amid fallout from a ruling by the central bank in April.
2018-10-26 13:00 | |
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Impending Government-backed Cryptocurrencies Are the Future – Dash's CEO Ryan Taylor As leading nations in the cryptocurrency space are mulling over the idea of a central bank-issued cryptocurrency, Dash Core Group’s CEO, Ryan Taylor, says it’s the “inevitable future.
2018-10-25 02:31 | |
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Cryptocurrencies, while efficient and highly functional in their interactions with one and other in virtual space, suffer from slow, complicated, and sometimes expensive transition to and from the realms of fiat currency and general consumer transactions.
2018-10-24 12:00 | |
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