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Subcontractors and Builders Located in China’s Xiong’an New Area Are Being Paid in Digital Yuan
Xiong’an New Area, a state-level new area in Hebei, China, is seeing the use of onchain digital yuan payments, according to a circular issued by the Xiong’an government. The announcement details that Xiong’an subcontractors and builders are being paid using the central bank digital currency (CBDC) via the People’s Bank of China and the new […] дальше »
2021-6-15 00:30 | |
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China Debuts Blockchain-Powered Salary Payments with Digital Yuan in Xiong’an
As part of efforts to conduct more test on its upcoming central bank digital currency (CBDC) and expand the scope of the digital yuan, China completed it first salary payment with the CBDC powered by blockchain technology, in the Chinese state-level new area, Xiong’an. дальше »
2021-6-15 23:00 | |
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Chinese workers will receive salaries in digital yuan
As part of the new cities program, some workers in Xiong’an will now receive salaries in digital currency from the PRC’s central bank. The authorities said in a statement that building smart cities involves experimenting with the digital yuan, driving innovation, use cases, and effectively promoting new regions and people. дальше »
2021-6-15 22:21 | |
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Tanzania’s president is now calling for Bitcoin and crypto adoption
In what appears to be the latest move by a sovereign country to embrace cryptocurrency, Tanzania’s President Samia Sulhulu has asked the country’s Central Bank to start exploring the crypto sector, as per local outlet The Citizen. дальше »
2021-6-15 21:00 | |
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After Central Bank Devalues Naira by 5% Finance Minister Attributes Drop to ‘Market Forces’
Nigerian Finance Minister Zainab Ahmed has denied widespread reports that the Central Bank of Nigeria (CBN) had sanctioned the devaluation of the local currency sometime in May 2021. Instead, she attributes the naira’s fall to the “volatility in the oil price. дальше »
2021-6-15 21:00 | |
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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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Christine Lagarde Reaffirms ECB’s Crypto Policy as Bitcoin Becomes Legal Tender in El Salvador
The president of the European Central Bank (ECB), Christine Lagarde, has shared her view on El Salvador making bitcoin legal tender. She confirmed that the central bank’s policy on bitcoin and other cryptocurrencies has not changed. дальше »
2021-6-14 04:00 | |
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Cuba’s Central Bank Suspends US Dollar Deposits Nationwide – Officials Cite Embargo ‘Obstacles’
The Republic of Cuba is suspending the use of U. S. dollars due to embargo restrictions with U. S. and foreign banks. The central bank of Cuba’s restrictions stems from the “obstacles that the U. дальше »
2021-6-14 22:00 | |
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Brazil’s Central Bank Delays CBDC Timeline to 2024
Brazil’s central bank, the Banco Central do Brasil (BCB), is pushing for more time to roll out its central bank digital currency (CBDC). Earlier in May, BCB released a document covering the general guidelines and characteristics of Brazil’s future CBDC. дальше »
2021-6-13 06:09 | |
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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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Dutch Official Gives Reasons Why The Netherlands Should Ban Bitcoin In Its Entirety Immediately
Several people have poured their criticism on the call for the Netherlands government to ban Bitcoin and cryptocurrencies, as opinionated by Pieter Hasekamp, the director for Central Planning Bureau – a leading economic policy research institute in the country. дальше »
2021-6-12 14:01 | |
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The CBN Says Nigeria Will Have a Digital Currency Before End of Year
Nigeria is likely to have its own central bank digital currency (CBDC) by the end of the year, an official with the Central Bank of Nigeria (CBN) has said. In his remarks following the bankers’ committee meeting, Rakiya Mohammed, who is the director of information technology at CBN, also revealed that this “digital currency would […] дальше »
2021-6-12 04:30 | |
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Central Bank of Nigeria Looking to Launch CBDC in 2021
An official of the Central Bank of Nigeria (CBN) stated that the CBN is planning to issue its central bank digital currency (CBDC) before the end of 2021. CBN’s CBDC Project to Improve Foreign Remittance Transfers According to the News Agency of Nigeria on Thursday (June 10, 2021), Rakiya Mohammed, an IT specialist at theRead More дальше »
2021-6-12 23:01 | |
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BIS Official Insists Bitcoin Fails Means of Payment Test, Calls El Salvador’s BTC Law ‘Interesting Experiment’
An official at the Bank for International Settlements (BIS) and former member of the executive board of the European Central Bank (ECB), Benoit Coeure, insists that bitcoin has not passed the test of being a means of payment. дальше »
2021-6-11 20:00 | |
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Swiss, French Central Banks to Trial Wholesale CBDC Settlements With BIS and Private Sector
The central banks of Switzerland and France are joining hands with the Bank for International Settlements to test wholesale central bank digital currencies in cross-border transactions. The experiment will be conducted with the help of a private sector consortium led by Accenture. дальше »
2021-6-11 17:00 | |
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Fed Balance Sheet Hits $8 Trillion for the First Time, US Inflation Sees Biggest Surge in 13 Years
The balance sheet of the Federal Reserve has topped $8 trillion for the first time, according to the weekly data published by the US central bank on its holdings. At $8 trillion, the Fed’s assets have about doubled since it started large-scale purchases in March 2020 to combat the effect of the coronavirus pandemic. дальше »
2021-6-11 16:05 | |
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France, Switzerland and Bank for International Settlements team up to test central bank digital currency
The Bank of France and National Bank of Switzerland, together with the Innovation Center of the Bank for International Settlements (BIS), announced their participation in a project to test the central bank digital currency wholesale trading system (CBDC) called Project Jura. дальше »
2021-6-12 13:23 | |
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Dutch economic advisor calls for a Bitcoin ban even as Central America is adopting the asset
An official of the Central Planning Bureau (CPB), an independent, publicly financed policy arm that advises the government of the Netherlands, said today that Bitcoin and other cryptocurrencies should be banned in the country. дальше »
2021-6-11 12:49 | |
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Dutch economic advisor calls for a Bitcoin ban
An official of the Central Planning Bureau (CPB), an independent, publicly financed policy arm that advises the government of the Netherlands, said today that Bitcoin and other cryptocurrencies should be banned in the country. дальше »
2021-6-11 12:49 | |
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Nigeria’s central bank plans CBDC pilot launch before the end of 2021
The Central Bank of Nigeria says it is gearing up to test a sovereign digital currency to ease foreign remittance restrictions.
дальше »2021-6-11 12:04 | |
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Nigerian Lawmakers Slam Naira Devaluation, Warn of Inflation Implications
Nigeria’s House of Representatives has moved a motion calling on the country’s central bank to end the continuing devaluation of the naira. In his unanimously adopted motion, House Representative Bamidele Salam warned the Central Bank of Nigeria (CBN) of the negative “implications of further devaluing the naira. дальше »
2021-6-11 01:00 | |
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Fantom (FTM) to Collaborate with Uzbekistan to Modernize IT Infrastructure
Fantom’s footprint across South and Central Asia is set for another milestone with the Directed Acrylic Graph (DAG) protocol set to make inroads into Uzbekistan. The decentralized ledger technology (DLT) protocol is looking to revamp critical areas of the Uzbek information technology (IT) matrix. дальше »
2021-6-11 20:00 | |
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Major Crypto Exchanges Looking to Enter the Indian Market
Kraken, KuCoin, and Bitfinex are reportedly working towards establishing a business presence in India’s crypto market. The move is despite the lack of clarity in the country’s approach to virtual currency regulations and the central bank’s continued criticism of the industry. дальше »
2021-6-11 15:00 | |
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Fantom to pilot blockchain-based IT solutions in Uzbekistan
Fantom’s presence in Central and South Asia has expanded to Uzbekistan, with the partnership focusing on upscaling the country’s information technology infrastructure. дальше »
2021-6-10 13:24 | |
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‘All Banks Go Fintech’: Hong Kong Unveils ‘Fintech 2025’ Strategy
The Hong Kong Monetary Authority (HKMA) plans to guide local banks towards full adoption of fintech technologies, a new strategy reveals. The region’s central banking institution also stressed that it’s going to “walk the talk” by digitalizing its own supervision of financial institutions. дальше »
2021-6-10 10:00 | |
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Bank for International Settlements Proposes Hybrid and Intermediated CBDC
A working paper by the Bank of International Settlements (BIS) has found that an intermediated or hybrid central bank digital currency (CBDC) shows promise The post Bank for International Settlements Proposes Hybrid and Intermediated CBDC appeared first on BeInCrypto. дальше »
2021-6-10 17:10 | |
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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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Hong Kong Includes CBDCs in 5-Point Agenda for Fintech Development
The Hong Kong Monetary Authority (HKMA) is pursuing a comprehensive fintech revamp for the city and its plans include central bank digital currencies (CBDC). However, easier access to crypto assets does not seem to be a part of the HKMA’s fintech agenda. дальше »
2021-6-9 21:00 | |
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Hong Kong Monetary Authority Announces Development Plans for Retail and Wholesale CBDCs
The Hong Kong Monetary Authority (HKMA) announced it is working on developments for a central bank digital currency (CBDC) at both the wholesale and retail levels. The post Hong Kong Monetary Authority Announces Development Plans for Retail and Wholesale CBDCs appeared first on BeInCrypto. дальше »
2021-6-8 16:35 | |
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Bitcoin dumps 9% even as Central American leaders endorse the asset
Bitcoin dropped 9% on Tuesday morning even as Central American leaders switched to ‘laser eyes’ this week, data from multiple sources shows. The post Bitcoin dumps 9% even as Central American leaders endorse the asset appeared first on CryptoSlate. дальше »
2021-6-8 11:26 | |
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Justin Sun Reveals Tron Will Become First Crypto Organization To Hit El Salvador
After the President of El Salvador, Nayib Bukele announced that the Central American country would be entering the Bitcoin market, the Bitcoin market has reacted bullishly to the news and key players are hinting at relocating. дальше »
2021-6-8 00:10 | |
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While China’s Bitcoin Miners Flock to Central Asia Canaan Sets up ASIC Mining Rig Service in Kazakhstan
On Monday, the application-specific integrated circuit (ASIC) manufacturer Canaan Inc. announced the company has established an overseas after-sales center in Kazakhstan. According to Canaan, the service center will provide local customers with after-sales services like machine testing, warranty services, maintenance, and technical consultation. дальше »
2021-6-8 21:30 | |
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China Looks To Leverage Blockchain In Economy And Governance
China is looking to leverage the potential of blockchain technology, according to a government release. Even as it uses the nascent technology to foster its central bank digital currencies (CBDC) program, China aims to apply blockchain in every area of its booming economy. дальше »
2021-6-7 20:56 | |
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Bank of England Explores Digital Money, CBDC in New Discussion Paper
The Bank of England released a new discussion paper exploring digital currencies and central bank digital currencies (CBDC). The post Bank of England Explores Digital Money, CBDC in New Discussion Paper appeared first on BeInCrypto. дальше »
2021-6-8 15:00 | |
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Hainan Province Warns Investors Against Illegal Crypto Fundraising Schemes
Chinese regulators in the Hainan province have warned residents not to involve themselves in cryptocurrency-related fundraising activities, as they are illegal in the island province. Hainan Cautions Against Illegal Crypto-Related Fundraising Activities According to Reuters on Thursday (June 3, 2021), a report by Nanguo Metropolis Daily stated that the local branch of China’s central bank,Read More дальше »
2021-6-6 19:00 | |
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Kalashnikov Eyes Digital Ruble Settlements as Russia Aims to Replace ‘Dirty Money’
Kalashnikov Group, the Russian firearms manufacturer, is ready to transition to settlements in digital currency. The announcement came from the international economic forum in Saint Petersburg where the central bank of Russia reaffirmed its intention to replace “dirty” and “infectious” paper cash with the digital ruble that’s currently under development. дальше »
2021-6-5 09:30 | |
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MAS Receives Over 300 Applications Including Alphabet, Alibaba, & Binance for Payments and Crypto Exchange Licenses
While calling Bitcoin a “speculative asset,” which is very complex, the top central bank official Sopnendu Mohanty said, if people want to go out and buy such risky assets, “it is their choice.” The post MAS Receives Over 300 Applications Including Alphabet, Alibaba, & Binance for Payments and Crypto Exchange Licenses first appeared on BitcoinExchangeGuide. дальше »
2021-6-4 20:34 | |
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Hold your horses! India's central bank is still not a fan of crypto
After issuing a circular on Monday about cryptocurrencies, the Reserve Bank of India [RBI] has now clarified that it still retains concerns about the asset class, concerns which it has conveyed to theThe post Hold your horses! India's central bank is still not a fan of crypto appeared first on AMBCrypto. дальше »
2021-6-4 19:00 | |
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Ghana’s Central Bank Is Set to Launch Its CBDC
The CBDC race is on, and central banks all across the globe are either eyeing the launch of a state-backed cryptocurrency or studying the feasibility of its use. The most recent development in this regard comes from Ghana, as the governor of Ghana’s central bank, Ernest Addison, recently announced that his institution is now “inRead More дальше »
2021-6-4 19:00 | |
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‘There’s No Change In RBI’s Position’: Indian Central Bank Still Has Grave Concerns Over Cryptocurrencies
RBI’s notorious circular back in 2018 prohibiting banks from offering services to crypto firms may have been revoked in March 2020, but the central bank is showing no signs of changing its tune on crypto-assets. дальше »
2021-6-5 18:56 | |
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RBI governor “surprised” that Indian banks cited 2018 laws to block crypto users
Reserve Bank of India (RBI) governor Shaktikanta Das said this week the central bank has ‘no change’ with regards to its approach towards the crypto sector, local outlet Business Standard reported today. дальше »
2021-6-5 17:55 | |
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