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64% of Adults from 10 Different Countries Would Use a Central Bank Digital Currency: Report
As central bank digital currencies (CBDCs) advance in testing, a number of countries have taken the lead in an effort to create a CBDC. The enterprise blockchain firm Guardtime recently conducted a survey that shows adults from ten different countries would likely use a CBDC. дальше »
2021-7-24 06:30 | |
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Why the Craze for Central Bank Digital Currencies is Alarming for the General Cryptocurrency Market
Over the years, central banks have been dropping hints about making their own digital currencies. The updates have come not long after independent digital currencies like Bitcoin and Ethereum were tagged threats by the governments of these countries; some of which include China and India, and more recently, the U. дальше »
2021-7-19 21:08 | |
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IMF, World Bank, BIS Recommend Countries Work Together on CBDCs to Enhance Cross-Border Payments
The International Monetary Fund (IMF), the World Bank, and the Bank of International Settlement (BIS) have conducted an extensive study of using central bank digital currencies (CBDCs) for cross-border payments. дальше »
2021-7-18 20:30 | |
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Singapore and France Set To Trial Global Transactions Through CBDCs
Central banks of Singapore and France are developing a digital coin interoperability system that will support various global CBDCs. The Financial authorities of both countries are seriously exploring the CBDCs cross-border applications. дальше »
2021-7-17 11:02 | |
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Using crypto for payments is very risky, Thai Central Bank warns
While some countries like Argentina are looking to propose laws for the use of Bitcoin for salary payments, other countries are more critical of cryptocurrency. The Bank of Thailand (BoT) has cautioned against the use of digital assets like Bitcoin (BTC/USD) and Ethereum (ETH/USD) for the payment of goods and services. дальше »
2021-7-10 15:43 | |
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Vietnam’s PM directs the state bank to run a trial on digital currencies
Phạm Minh Chính, Vietnam’s Prime Minister, has instructed the State Bank of Vietnam to study and trial digital currencies. A report unveiled this news on July 3, noting that unlike the central bank digital currencies (CBDCs) of other countries, which run on centralized systems, Vietnam’s will be blockchain-based. дальше »
2021-7-6 16:45 | |
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BIS Makes the Case for Central Bank Digital Currencies Against Crypto Like Bitcoin
The Bank for International Settlements (BIS) has doubled down on its support for central bank digital currencies (CBDCs). Several countries around the work are examining the case for introducing wholesale or retail digital currencies to complement their fiat currencies. дальше »
2021-6-24 13:00 | |
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New Bank of America Report Says Digital Currencies ‘Could Boost Economic Growth’ in Developing Countries
A new Bank of America (BOA) research study has found that both central bank digital currencies (CBDCs) and private digital currencies hold “a lot of potential” for increasing financial inclusion in developing countries. дальше »
2021-6-23 02:30 | |
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Central American Bank for Economic Integration to Help El Salvador Implement Bitcoin as Legal Tender
The Central American Bank for Economic Integration (CABEI), which has 15 member countries, will help El Salvador implement bitcoin as legal tender. The CABEI president has expressed his support. “We’re very optimistic,” he said. дальше »
2021-6-17 04:00 | |
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Ethiopians Come Together to Get the Govt. of Africa’s Second-Most Populous Nation to Adopt Bitcoin
While central banks around the world are working on the digital version of their fiat currencies, El Salvador went ahead and declared Bitcoin legal tender. El Salvador has made the first move, and people in other countries now want their government to go the same route. дальше »
2021-6-17 19:22 | |
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Tanzania’s President Calls For Central Banks To Work Towards Crypto Acceptance
Bitcoin and crypto adoption was all over the place last week and it seems like the trend might continue this week as well Following the recent events of El Salvador’s President Nayib Bukele announcing the acceptance of Bitcoin as a legal tender, this has sparked a domino effect of other Central and South American countries […] дальше »
2021-6-14 20:23 | |
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The Next-Gen Crypto Evolution Has Already Solved ESG Issues Without Compromising Freedom to Innovate!
We’ve already solved it! We don’t need central authority coercision or elite banks protecting their privilege to solve environmental, social or governance (ESG) issues. The new generation of crypto technology has already solved the problems being raised in the G7 + Countries, particularly with regard to the ESG standard promoted through the World Bank. дальше »
2021-6-13 04:41 | |
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Bitcoin (BTC) Officially a Legal Tender in El Salvador
A supermajority in the Salvadoran Congress has approved President Nayib Bukele’s bid to make bitcoin (BTC) a legal tender in the Central American nation. The landmark victory has now put the name of El Salvador in the history books as one of the very first countries to make bitcoin a legitimate currency. El Salvador MakesRead More дальше »
2021-6-9 13:42 | |
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Members of East Africa Community Explore Potential Use of CBDC for Alternative Regional Payment System
Six East African states are reportedly set to explore the possibility of using central bank digital currencies (CBDC) as an alternative to their shared payment system. The six countries, which are all members of the East Africa Community (EAC) trading bloc, are hoping this alternative will create a pathway that leads to the attainment of […] дальше »
2021-6-9 06:30 | |
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China and Japan Leading CBDC Proof-of-Concept Programs: Bison Trails Report
Central bank digital currencies (CBDCs) are rapidly moving towards global implementation, per a report from Bison Trails. According to the blockchain startup, several countries are exploring the use cases for CBDCs. дальше »
2021-5-20 19:32 | |
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Iran Bans Trading Of Foreign-Mined Cryptocurrencies
According to a news report by Iran International, the Central Bank of Iran (CBI) has banned its citizens from trading bitcoin and other cryptocurrencies mined in foreign countries. Regulators Have Issued Thousands Of Licenses For Mining According to a tweet from news organization Iran International, Iran’s Central Bank announced a Cabinet decision on Wednesday requiring […] дальше »
2021-5-8 23:54 | |
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Digital Yuan Launch Draws Near: JD.com Employees Paid in e-CNY, Tencent, Ant, Mastercard Engage With PBoC
China, the world’s most populous country, has jumped leaps and bounds in comparison to a great number of other countries when it comes to the creation of a central bank digital currency. As each day passes, China’s digital yuan is seemingly getting closer to large-scale adoption, as big-name corporations like the e-commerce giant JD.com, Mastercard, […] дальше »
2021-5-5 22:00 | |
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Bank of Russia limits use of stablecoins in settlements
The acceptance and use of cryptocurrency in various countries around the world continue to be a controversial topic and such is the case in Russia. Russia’s Central Bank plans on placing a limit The post Bank of Russia limits use of stablecoins in settlements appeared first on AMBCrypto. дальше »
2021-4-3 15:30 | |
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Indonesian government will set up a crypto exchange in future
For many governments, the race to stay afloat within the crypto space is becoming more interesting. Although some countries are still skeptical about the viability of cryptocurrencies, many are in the process of developing their central bank digital currencies. дальше »
2021-3-28 17:25 | |
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New listing announcement of Nimbus governance token on Uniswap
The impact of the Covid-19 pandemic can only be compared with unleashing Pandora's Box. Most of the countries went into a deep recession due to quarantine measures, thus forcing central banks to interThe post New listing announcement of Nimbus governance token on Uniswap appeared first on AMBCrypto. дальше »
2021-3-23 16:45 | |
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Thailand's central bank planning to regulate stablecoins this year
The growth of cryptocurrencies over the past couple of years has pushed many countries towards stricter regulations, while some have moved to ban the asset class altogether. Thailand is one of the forThe post Thailand's central bank planning to regulate stablecoins this year appeared first on AMBCrypto. дальше »
2021-3-19 18:30 | |
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1.2 Billion People Live Under Double-Digit Inflation, ‘Many Have Found Escape in Bitcoin’ Says HRF’s Alex Gladstein
While central banks are focusing on creating more stimulus and economists expect inflation in the U. S. to rise, a number of other countries are suffering from considerable inflation right now. On Monday, the chief strategy officer for the Human Rights Foundation, Alex Gladstein, explained that 1. дальше »
2021-3-10 00:30 | |
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Bitcoin sells for $85k in Nigeria as premium shoots up
The cryptocurrency market has been moving at a great pace while many countries are trying to either catch up or curtail the use of Bitcoin. The Central Bank of Nigeria [CBN] was among the latter, who The post Bitcoin sells for $85k in Nigeria as premium shoots up appeared first on AMBCrypto. дальше »
2021-2-22 15:30 | |
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Are CBDCs likely to be gigantic flops?
With the landscape for CBDCs heating up, many countries have accelerated their efforts to issue a central bank digital currency. China has had the most progress on this front, with the country conductThe post Are CBDCs likely to be gigantic flops? appeared first on AMBCrypto. дальше »
2021-2-2 10:00 | |
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G7 officials want a better framework for crypto regulation
Central bankers and finance ministers around the world have agreed on strong regulation of the cryptocurrency market in the recently concluded G7 meeting. According to the U. S. Treasury Department, the virtual meeting saw world G7 officials support the control and regulation of cryptocurrencies, and some countries will start implementing theirs soon. дальше »
2020-12-9 11:34 | |
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China: Suzhou Eyes Black Friday for Digital Yuan CBDC Test
China’s central bank digital currency (CBDC) testing train is scheduled to make its next stop in the city of Suzhou as authorities accelerate plans to issue the digital yuan. While several countries are actively involved in developing their sovereign digital currencies, China is reportedly leading the global CBDC revolution. дальше »
2020-11-24 00:03 | |
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China’s Xi Jinping Asks G20 Countries for Receptive Attitude Towards CBDCs
The Chinese President is big on CBDCs. Be Open and Accommodating to CBDCs, Says China According to an official statement released by the Ministry of Foreign Affairs of the People’s Republic of China, Chinese President, Xi Jinping, has asked the G20 countries to be receptive to central bank digital currencies (CBDCs). дальше »
2020-11-23 16:30 | |
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Kyrgyzstan: Central Bank Developing Draft Law For Cryptocurrency Industry
The central bank of Kyrgyzstan has revealed that is working towards developing a draft law to regulate crypto exchanges in the nation. With this, the Asian nation could join countries across the world that have a clear policy on crypto assets. дальше »
2020-11-17 02:01 | |
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Binance CEO: China’s Lead in CBDC Development to Make Digital Yuan More Dominant Currency
Changpeng Zhao (CZ) has said that China’s central bank digital currency (CBDC) has a strong lead. As a result, other countries would be under pressure to design their own CBDCs. Binance CEO Changpeng Zhao, in an interview with Bloomberg on Nov. дальше »
2020-11-14 14:41 | |
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China: CBDC Tests Crosses $300M Payment Milestone from 4M Transactions
China’s expanded central bank digital currency (CBDC) development has reached a new milestone of 2 billion yuan in total payments processed despite still being in the testing phase. With a few countries having released their own sovereign digital currencies, stakeholders are calling for more international collaboration on CBDCs. дальше »
2020-11-3 18:00 | |
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Canada Calls for Coordinated Global Collaboration on CBDC Development
Canada says international collaboration is necessary to get the best out of central bank digital currency (CBDC) development. Countries like The Bahamas and Cambodia have already launched their sovereign digital currencies with China conducting live testing protocols. дальше »
2020-10-31 21:00 | |
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Russia To Conduct A Pilot Of Its Digital Ruble By End Of 2021: Senior Bank Of Russia Official
Countries around the world have shown great interest in developing central bank digital currencies (CBDCs), with a good number of central banks already in the process of creating digital versions of their national currencies. дальше »
2020-10-25 18:34 | |
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US won’t issue a CBDC until the Fed resolves all of the details
With China being in the lead regarding its CBDC testing and development, a lot of countries are rushing their central bank digital coins to catch up. The US, on the other hand, has different plans. дальше »
2020-10-20 11:11 | |
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Here’s why Bitcoin will boom in the “biggest overhaul” of finance
The development of Central Bank Digital Currencies (CBDC) has blossomed in the past few years, with countries like China in the advanced stages of its digital Yuan and Japan, Korea, and the US in their research phase for their respective fiat currencies. дальше »
2020-10-20 05:00 | |
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Reserve Bank of New Zealand Giving CBDCs a Hard Look
The debate surrounding the issuance of central bank digital currencies (CBDC) continues to catch attention worldwide. While some countries have been a bit coy, others like China have made no secret of their CBDC plans. дальше »
2020-10-19 14:44 | |
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Australia Doesn’t Need a Retail CBDC, Says Central Bank
Australia’s central bank is not buying into the growing call among several countries to float their own central bank digital currency (CBDC). With China already bootstrapping adoption of its digital yuan to millions of citizens, other countries are moving ahead to test their own experimental CBDCs. дальше »
2020-10-14 18:30 | |
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China’s Digital Yuan Trial in Full Force, DCEP Lottery Winners Using Digital RMB at Over 3,300 Stores
While other countries are still busy studying the opportunities and risks associated with central bank digital currencies (CBDC), like the US, China’s digital yuan trial is in full force. People have already received the DCEP and started using it at convenience stores. дальше »
2020-10-13 19:32 | |
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Bank of Canada raises concerns and risks around digital currencies
Bank of Canada analysts raised concerns over the use of Central Bank Digital Currencies (CBDCs) as countries around the world weight the use of digital tokens instead of paper-based money. The post Bank of Canada raises concerns and risks around digital currencies appeared first on CryptoSlate. дальше »
2020-10-7 19:00 | |
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Australian Reserve Bank says there is no need for a CBDC
As many of the world’s leading countries’ central banks continue their rush to be the first to launch their own CBDC (Central Bank Digital Currency), Australia seems to be absent from the race. дальше »
2020-9-22 10:24 | |
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The digital currency of China to be utilised for small-scale transactions
Undoubtedly, China is among the leading countries in terms of technology. Lately, China has been in the news for its digital currency. After the cryptocurrency ban, China is keen on developing its currency to join the race of central bank digital currencies (CBDCs). дальше »
2020-8-31 03:10 | |
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Over 20% Of Central Banks Are Looking to Launch A CBDC In The Next 1-6 Years: BIS Report
In research published over the weekend, the Swiss-based BIS reports the growing attention by global central banks on research and development of central bank digital currencies (CBDCs) in 2020. The paper states the motivations, technical developments and policy approaches towards the launch of CBDCs vary across the central banks with the more innovative countries taking […] дальше »
2020-8-26 18:25 | |
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Central bank of Brazil forms a team for studying crypto
The cryptocurrency craze that has taken over central banks around the world has started taking a firm grasp in South American countries. According to recent information, the central bank of Brazil has now also developed a strong interest in digital currencies. дальше »
2020-8-26 15:34 | |
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Philippines’ Central Bank Is latest to Explore a Central Bank Digital Currency
The Central Bank of the Philippines is the latest on the list of countries to exclusively express their interest in developing a central bank digital currency. Benjamin Diokno, the Governor of Philippines’ central bank announced the news today, during the launch of NGC (New Generation Currency) banknotes in a virtual conference. He said that the […] дальше »
2020-7-29 20:42 | |
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