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Russians are liquidating crypto in the UAE to seek safe havens: report

Russian crypto holders are reportedly liquidating billions of dollars in virtual currency, putting these into investments in Dubai. Some have sought to buy into other safe-haven assets. According to a report by Reuters on Friday, 11 March, digital asset platforms based in the United Arab Emirates (UAE) have been inundated by requests to sell Bitcoin […] The post Russians are liquidating crypto in the UAE to seek safe havens: report appeared first on Invezz. дальше »

2022-3-11 20:42


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Iran Reportedly Gearing up for CBDC Pilot in the Nearest Future

Iran’s central bank is reportedly looking to begin the pilot phase of its proposed central bank digital currency (CBDC) project.  Iran’s CBDC Pilot to Happen Soon According to the Iranian Labour News Agency, Mehran Moharamian, the vice governor for IT affairs at the Central Bank of Iran, believes that CBDCs could be the solution toRead More дальше »

2022-1-20 00:00


Japan’s Top Financial Regulator Planning to Limit Stablecoin Issuance to Banks & Wire Transfer Companies

After the US, Japan is focusing on stablecoins and is acting to limit the number of companies that can issue these assets backed by fiat currency, according to a Nikkei report. The country’s top banking regulator, Financial Services Agency (FSA), is reportedly planning to propose legislation next year to restrict the issuance of stablecoins to […] The post Japan’s Top Financial Regulator Planning to Limit Stablecoin Issuance to Banks & Wire Transfer Companies first appeared on BitcoinExchangeGuide. дальше »

2021-12-7 18:56


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China Reportedly Forces McDonald’s To Expand Digital Yuan Trials Ahead Of Winter Olympic Games

American fast-food restaurant chain McDonald’s is reportedly being pressured by China to expand the trial program of its digital yuan central bank digital currency (CBDC). According to a Financial Times report, digital yuan wallets are already being trialed as a payment option in over 250 McDonald’s stores in Shanghai. дальше »

2021-10-21 14:45


The Biden Administration Is Considering Cryptocurrency Critic For Head OCC Position

US President Joe Biden is reportedly considering nominating a crypto critic as the head of the Office of the Comptroller of Currency (OCC). Saule To Put Crypto And Big Bank To The Sword Currently headed by Michael Hsu, on an interim basis, the OCC is the regulatory body responsible for supervising the bank sector in […] The post The Biden Administration Is Considering Cryptocurrency Critic For Head OCC Position first appeared on BitcoinExchangeGuide. дальше »

2021-9-24 18:18


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Walmart reveals its crypto ambitions by putting up a crypto job post

Walmart, the largest retailer in the US by total sales, is hiring a digital currency and crypto lead. A report unveiled this news on August 16, citing a post on the company’s career page. Reportedly, the person that takes on this role will be responsible for developing the retailer’s digital currency strategy and product roadmap. дальше »

2021-8-17 12:47


Trump Says Bitcoin Is A “Scam” Because “It’s Another Currency Competing Against The Dollar”

Former President Donald Trump called Bitcoin a “scam against the dollar” in an interview on Fox Business Network on Monday. He also urged regulators to take action against it. “Bitcoin, it just seems like a scam,” said Trump when asked about his thoughts on cryptocurrency and the US stock market, which he is reportedly avoiding. дальше »

2021-6-7 20:13


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The UK set to explore Britcoin, a Bank of England-backed CBDC

The United Kingdom is planning to test the practicability of a central bank-issued digital currency. A report unveiled this news on April 19, noting that the coin is named Britcoin. Reportedly, the Bank of England (BoE) joined hands with HM Treasury to form a task force to work on the Britcoin project, which aims to […] The post The UK set to explore Britcoin, a Bank of England-backed CBDC appeared first on Invezz. дальше »

2021-4-20 12:21


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US Government Concerned China’s Digital Yuan Could Threaten Dollar as the World’s Dominant Reserve Currency

The U.S. government is reportedly concerned that China’s digital yuan could threaten the U.S. dollar’s status as the world’s dominant reserve currency. Officials at the Treasury, State Department, Pentagon, and National Security Council are increasing their efforts to understand the implications of China’s central bank digital currency. Digital Yuan Could Be a Threat to US […] дальше »

2021-4-14 19:15


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South African Companies Convert Cash Holdings Into BTC— Crypto Asset Is Hedge Against Devaluation

New reports emerging from South Africa suggest privately held firms are converting a portion of their cash holdings into bitcoin as they seek to hedge against currency devaluation. According to one report, an open-source software specialist firm, LSD Open, could well be the first South African company to make the bold step after it reportedly […] дальше »

2021-3-30 03:00


JPMorgan Does an About Face, Turns Bullish on Bitcoin

Wall Street bank JPMorgan has surprisingly turned bullish on bitcoin’s medium to long-term growth potential. In its latest Flows & Liquidity report, JPMorgan reportedly stated that bitcoin will compete favorably with gold as an alternative currency in the coming years, as millennials take up a larger share of the total investment picture. дальше »

2020-10-24 21:00


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China: Central Bank Inching Closer to CBDC Issuance

China has reportedly made significant progress with the basic functions of its proposed central bank digital currency (CBDC) based on patent filings submitted by Chinese fintech giant Alipay. Beijing Inching Closer to CBDC Issuance According to the Global Times, Alipay filed five patents related to its work on China’s planned CBDC between January 21 andRead MoreRead More. дальше »

2020-3-24 22:00