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ECB VP Continues to Doubt Validity of Cryptocurrency
European Central Bank’s vice president Luis de Guindos says crypto investments have "weak fundamentals" and are not real assets, as the market loses $750 billion. The post ECB VP Continues to Doubt Validity of Cryptocurrency appeared first on BeInCrypto. дальше »
2021-5-20 00:30 | |
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Report: India may be considering crypto regulation instead of a blanket ban
India’s central government is currently considering the possibility of creating a regulatory framework for cryptocurrencies in the country—instead of a complete ban proposed in the past, several sources told The Economic Times today. дальше »
2021-5-20 20:00 | |
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Cuban Central Bank Issues Warning on the Rising Number of Crypto-Related Ponzi Cases
Cuba has witnessed some exciting times in the last few months as far as nationwide digital currency acceptance, but the road toward this goal is still under construction. The country’s central bank recently issued a warning about the rising number of cryptocurrency-related scam cases across the island. дальше »
2021-5-19 12:30 | |
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The ‘China crypto FUD’ is back again, but it’s misleading
Three industry bodies under the Central bank of China released a document today calling for a ban on financial institutions and online payments channels providing any services involving cryptocurrency, including but not limited to registration, trading, clearing, and settlement. дальше »
2021-5-19 10:02 | |
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СМИ: Китай запретил поддерживать связанный с криптовалютой бизнес
Три ассоциации при Народном банке Китая (НБК) выпустили совместное уведомление, запрещающее компаниям поддерживать связанный с криптовалютами бизнес. Об этом сообщил журналист Колин Ву. Breaking: Three associations under the Central Bank of China issued a document requiring institutions not to conduct virtualcurrency business, calling on the public not to participate in virtualcurrency, and emphasizing that virtualcurrency transactions are not protected by law. дальше »
2021-5-18 16:24 | |
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State-backed digital currencies can disrupt financial systems: Report
While CBDCs could help central banks address the decline in cash payments, some risk factors remain.
дальше »2021-5-19 11:12 | |
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Fitch Ratings: CBDCs May Disrupt Financial Systems if Risks Not Managed
Credit rating agency Fitch Ratings said that central bank digital currencies (CBDC) could disrupt financial systems as a result of disintermediation and cybersecurity threats. The post Fitch Ratings: CBDCs May Disrupt Financial Systems if Risks Not Managed appeared first on BeInCrypto. дальше »
2021-5-18 10:55 | |
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Steami’s co-founder says CBDCs will co-exist with cryptocurrencies
Junhaeng Lee, the CEO, and co-founder of Streami, a Seoul-based blockchain company that operates South Korea’s largest crypto exchange Gopax, believes central bank-issued digital currencies (CBDCs) and cryptocurrencies will co-exist. дальше »
2021-5-18 20:45 | |
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Nigeria Devalues Currency as Central Bank Moves to Unify Exchange Rates
In a possible policy shift, the Central Bank of Nigeria (CBN) recently allowed the local naira currency to briefly drop to a new low of USD$1 for 419. 75 nairas on May 14, 2021. However, by close of business the naira had recovered and was trading around 411. дальше »
2021-5-17 16:30 | |
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RBI reportedly urging banks to cut ties with crypto exchanges and traders
The lack of rules for cryptocurrency trade in India is giving birth to policy grey areas that different stakeholders are using to their benefit. As per a Reuters report on 13 May 2021, India’s central bank, the Reserve Bank of India (RBI), has recently asked Indian banks, informally, to stop banking services to crypto trades. […] дальше »
2021-5-16 18:17 | |
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Liberian Central Bank Asks Local Crypto Startup to Drop its Plan to Launch a Digital Asset
The Central Bank of Liberia (CBL) has warned against a local crypto startup’s plan to proceed with the introduction of a digital financial product without adhering to the required regulation. According to the CBL, this act will not only be illegal but this will likely “undermine the country’s financial system. дальше »
2021-5-15 06:30 | |
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Indian Central Bank Urging Lenders to Cut Ties With Crypto Exchanges
The Reserve Bank of India (RBI) is informally requesting that lenders cease their associations with crypto exchanges and traders. The post Indian Central Bank Urging Lenders to Cut Ties With Crypto Exchanges appeared first on BeInCrypto. дальше »
2021-5-14 14:51 | |
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India’s Central Bank RBI Urges Banks to Cut Ties With Crypto Businesses and Traders: Report
India’s central bank, the Reserve Bank of India (RBI), has reportedly informally asked banks to cut ties with cryptocurrency exchanges and traders. Some banks in India have limited their exposure to the crypto market and some plan to stop all crypto-related transactions. дальше »
2021-5-14 13:00 | |
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HKMA Ready to Expand Cross-Border Digital Yuan Test After Successful Pilot
The Hong Kong Monetary Authority (HKMA) and the Digital Currency Institute of the People’s Bank of China (PBOC), are looking to expand the testing of China’s central bank digital currency (CBDC) for cross-border payments. дальше »
2021-5-14 00:30 | |
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Why Investing Magnate Stanley Druckenmiller Deems ‘Central Banks Are The Problem And Crypto… The Solution’
Serial billionaire investor, Stanley Druckenmiller has lambasted the US Federal Reserve’s decision to continue influencing its economy negatively by grounding its short-term interest rates despite growing indices of an already resuscitating economy. дальше »
2021-5-14 22:06 | |
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Israel Releases Working Paper on Possible Digital Shekel Program
Israel is continuing with its exploration of the likely issuance of its central bank digital currency (CBDC), the digital shekel, per an official statement, Bank of Israel Accelerates CBDC Research Efforts This follows the release of a working paper that requires feedback. дальше »
2021-5-13 23:19 | |
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Bank of Israel Latest to Explore CBDC
Israel is the latest country to join the increasingly competitive CBDC race. Israel Plans to Launch Digital Shekel According to a report by Ledger Insights on May 12, the Bank of Israel recently released a working paper on a central bank digital currency (CBDC) that is intended as a basis for discussion and feedback. Notably,Read More дальше »
2021-5-12 13:01 | |
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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 […] дальше »
2021-5-12 01:22 | |
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Legendary Investor Stanley Druckenmiller Is Extremely Bullish on BTC; Unsure of ETH & Bearish on USD
Crypto was a solution in search of a problem, but now the problem has been clearly identified, which is the world’s central bankers, said the CEO of the Duquesne Family Office. “There’s a lack of trust. дальше »
2021-5-11 19:02 | |
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Israel’s Central Bank Announces Plans for Digital Shekel
Latest move by Bank of Israel is a policy reversal on three years ago when it recommended against issuing any digital currency. The post Israel’s Central Bank Announces Plans for Digital Shekel appeared first on BeInCrypto. дальше »
2021-5-12 19:00 | |
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Ant Group to let MYbank users test China’s CBDC
Ant Group, an affiliate of leading Chinese multinational technology company Alibaba, is planning to let the users of online-only bank MYbank test China’s central bank-issued digital currency. A report unveiled this news on May 10, noting that this trial will let some of the bank’s customers link their accounts to China’s digital yuan application. дальше »
2021-5-11 00:35 | |
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China’s Digital Yuan Receives Lukewarm Response from Early Users
The People’s Bank of China (PBOC) is inching closer to becoming the first major central bank to launch a sovereign digital currency. The bank has rolled out several ambitious pilot programs in recent months in a bid to test how the digital currency, dubbed the digital Yuan, would work in real life. Heading to theRead More дальше »
2021-5-10 17:01 | |
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Top 10 Low Cap DeFi Projects to Invest in 2021
Decentralized finance (DeFi) is, of course, the revolutionary, blockchain-based type of finance that uses smart contracts, the most popular of which is Ethereum. The idea is to offer conventional financial instruments without relying on central financial intermediaries such as brokers, exchanges, or banking. дальше »
2021-5-10 15:44 | |
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Bank of Russia Tests Services Related to Cryptocurrencies
Russia’s central bank has examined three platforms offering crypto-related services. The projects have been tested in its regulatory sandbox in the course of 2020. Bank of Russia has received dozens of requests to pilot various financial services since it created the closed regulatory environment around three years ago. CBR Pilots 3 Crypto Projects in 2020 […] дальше »
2021-5-9 17:00 | |
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What Edward Snowden Thinks “Dragon Level” Wealth Will Do To Bitcoin
Former Central Intelligence Agency (CIA) computer consultant Edward Snowden talked in the Ethereal Virtual Summit 2021. The main subject, Privacy Coins, NFTs, decentralization and its relationship with freedom. дальше »
2021-5-9 01:50 | |
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Iran Warns Crypto Investors Amid Ban on Bitcoin Mined Outside Its Borders
The Central Bank of Iran has issued a warning against unrestrained crypto trading and reminded investors that only cryptocurrencies minted by licensed miners in the Islamic Republic can be used under limited circumstances. дальше »
2021-5-9 00:30 | |
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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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As long as Bitcoin was viewed THIS way, 'govts and central banks won't eliminate or outlaw it'
Most of the crypto-community believes that Bitcoin and other digital assets, to some degree, pose a threat to central banks, governments, and treasuries. However, in a recent interview, Michael SaylorThe post As long as Bitcoin was viewed THIS way, 'govts and central banks won't eliminate or outlaw it' appeared first on AMBCrypto. дальше »
2021-5-8 21:00 | |
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Central Bank of Iran Bans Foreign Deposits; ‘Locally-Mined BTC Only’ Policy for Bitcoin Users
Iran’s central bank has introduced a ban on all Bitcoin (BTC) – just not those mined in the country. According to a report by Iran International, Bank Markazi, the central bank of Iran (CBI) has prohibited the trading of Bitcoin not mined in the country. дальше »
2021-5-8 18:12 | |
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Georgia’s Apex Bank Considers CBDC, Calls For Partnerships
Central bank digital currencies (CBDCs) have become the rave of the moment following the global outcry for a more efficient and inclusive financial system. With the economic impact of the pandemic, the need for a digital form of value transmission has never been higher than now. дальше »
2021-5-7 19:16 | |
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Georgia’s Central Bank Mulls CBDC Launch
Georgia’s central bank has revealed that it is looking to launch a central bank digital currency (CBDC), and is inviting relevant entities to help with the effort. The post Georgia’s Central Bank Mulls CBDC Launch appeared first on BeInCrypto. дальше »
2021-5-6 12:14 | |
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Undeterred By Central Bank Scare Tactics Crypto Trading Is Booming In India
According to a local media source, crypto trading in India is on the rise. This comes as the Indian government is mulling over a ban on private digital currencies, which they say is necessary to protect investors. дальше »
2021-5-6 03:00 | |
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Bahamas central bank prepares national Sand Dollar push for summer
The Bahamas is beginning a push for national digital currency adoption this summer, the central bank's governor, John Rolle, said. дальше »
2021-5-6 16:18 | |
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World Central Banks Deliberate On The Future of Money
Think about it this way: “It would be a mistake to think the internet won’t do to money the same thing it’s done to communications. When was the last time you wrote a letter, as opposed to sending a mail, [look also at] what it did to photography; when was the last time you took […] дальше »
2021-5-5 00:05 | |
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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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ECB Deepens Analysis of Digital Euro, Decision Expected by Mid-Year, VP Confirms
Faced with challenges on many fronts, the European Central Bank is now deepening the analysis of how to digitalize its currency. A decision on whether to issue a digital euro, which has the potential to become a major CBDC, is expected around mid-2021, a high-ranking official of the central bank has confirmed. Eurozone’s Central Bank […] дальше »
2021-5-5 16:30 | |
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CBDCs Will Lack ‘Key Properties’ of Cryptocurrencies, Says CZ
Binance CEO Changpeng Zhao (CZ) expects that central bank digital currencies will lack “a few key properties” of cryptocurrencies. The post CBDCs Will Lack ‘Key Properties’ of Cryptocurrencies, Says CZ appeared first on BeInCrypto. дальше »
2021-5-4 16:30 | |
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Irish firm Accenture to oversee 5 ‘digital dollar’ pilots in the U.S.
The Digital Dollar Project, a non-profit organization co-founded by former Commodity Futures Trading Commission (CTFC) chairman Christopher Giancarlo, plans to launch five pilot programs focused on central bank digital currencies (CBDCs) within the next 12 months, a report by Reuters said yesterday. дальше »
2021-5-5 16:00 | |
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Nigeria Stopping the Rejection of Old or Torn USD Notes Underlines Why Crypto Is a Better Reserve Currency
In early April 2021, the Central Bank of Nigeria (CBN) issued a circular warning Nigerian institutions to stop the practice of rejecting old or lower denomination USD notes. The CBN issued the warning after it became “inundated with complaints from members of the public on the rejection of such notes by banks and other authorized […] дальше »
2021-5-3 11:30 | |
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China’s Central Bank To Work With Alibaba’s Ant On Digital Yuan
Per a report by VOA News, Alibaba Group’s affiliate Ant Group has signed a partnership with the People’s Bank of China. The partners will work to build a platform for the country’s central bank digital currency (CBDC). дальше »
2021-5-3 23:50 | |
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