Ex-People’s Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies

2020-12-14 12:40

"We are not like Libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China.

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replace currencies → Результатов: 63


Фото:

CBDCs Are Coming Fast But Will Not Replace Bitcoin – Raoul Pal

According to the Real Vision founder and CEO Raoul Pal, governments and Central Banks are much more prepared to roll out central bank digital currencies than most people think. The changes that have taken place in regulatory frameworks and overall interest in developing central digital currencies show that central banks are taking cryptocurrency technology seriously. […]

2020-10-21 00:09


Фото:

CBDC’s Are Coming Fast But Will Not Replace Bitcoin – Raoul Pal

According to the Real Vision founder and CEO Raoul Pal, governments and Central Banks are much more prepared to roll out central bank digital currencies than most people think. The changes that have taken place in regulatory frameworks and overall interest in developing central digital currencies show that central banks are taking cryptocurrency technology seriously. […]

2020-10-20 00:09


Fear of Libra’s Stablecoin Replacing Domestic Currencies Is Greatly “Overstated:” Fed Reserve

Federal Reserve economists disclose that project Libra’s ability to disrupt economies may have significantly been “overestimated” and overstated by policymakers. The report released on Monday shut down the extremist's statements that the earlier version of one Libra stablecoin could replace the global economic systems as we know them today. The report arose from a prototype […]

2020-6-23 21:36


Фото:

Grayscale: Central Bank Digital Currencies Will ‘Neither Replace nor Harm Scarce, Uncompromising Bitcoin’

Central bank digital currencies (CBDCs) pose no threat to Bitcoin’s value proposition, instead, they will spur its growth toward mass adoption. In a new report, Grayscale Investments said CBDCs will never replace BTC because unlike the top cryptocurrency, they can be inflationary and are open to manipulation by central banks CBDCs are merely digital versions […] The post Grayscale: Central Bank Digital Currencies Will ‘Neither Replace nor Harm Scarce, Uncompromising Bitcoin’ appeared first on Bitcoin News.

2020-5-29 19:10


Фото:

Could Central Bank Digital Currencies Ever Replace Fiat Money?

The idea of a central bank digital currency (CBDC) has been under consideration by central banks across the globe ever since cryptocurrencies such as Bitcoin started gaining popularity. As a precursor to implementing such a nationwide digital currency, central banks across the globe have two options: bar all cash transactions or allow the general population […] The post Could Central Bank Digital Currencies Ever Replace Fiat Money? appeared first on BeInCrypto.

2020-3-23 23:05


Crypto’s Have ‘Intriguing Possibilities’ But Won’t Replace USD As Global Reserve Currency: IMF Chief

International Monetary Fund’s (IMF) chief economist, Gita Gopinath, said on Tuesday that digital currencies aren’t threatening the US dollar’s role in the global trade. She also mentioned that while cryptocurrencies seem to offer intriguing possibilities, they still aren’t globally accepted and lack the infrastructure they need to defeat the US dollar in order to become […]

2020-1-7 18:49


Фото:

Klarna and Sofort Becoming Names to Know in Cryptocurrency Circles

The primary aim of Bitcoin when it was first created was to replace all fiat currencies with the peer-to-peer payment system supported by its blockchain. Since the release of the original cryptocurrency, the original use of the digital coins has become somewhat muddled amidst the interest in the ocean of cryptocurrencies as investment opportunities.

2019-12-10 19:06


Фото:

Libra exec promises Facebook’s plan isn’t to replace existing currencies

The Libra Association really wants us to know that Facebook cryptocurrency is not being created to replace existing currencies. Manager Director Bertrand Perez, speaking at a blockchain conference hosted at the United Nation headquarters in Geneva today, said: “We are not in the area of implementing any monetary policy with the (Libra) Reserve.

2019-9-27 14:06


Germany’s Federal government prepares to make sure stablecoins do not replace state-backed fiat currencies

Today, the German Federal government presented a concept to the Federal Cabinet for use cases of blockchain database technology. A number of laws were announced in the 42-page paper, all of which aim to help blockchain technology to be properly incorporated into the administration and financial sector.

2019-9-18 19:30


Глава криптовалютного проекта Ripple обратился к властям США. Письмо вызвало неоднозначную реакцию

Брэд Гарлингхаус, который возглавляет фонд Ripple, имеющий отношение к криптомонетам XRP, написал открытое письмо, обратившись напрямую к законодательной ветви США — американскому Конгрессу. Some digital currencies offer the opportunity to complement fiat currencies—not replace them.

2019-7-30 14:42


Ripple CEO, Co-founder highlight intention to complement, and not disrupt existing financial systems

With the onset of the digital era, a new generation of internet-based currencies have continued to gain traction over the past few years. And while Bitcoin was positioned as a ‘bank killer’ which would eventually replace legacy financial establishments, Ripple has sought to accelerate the functions of existing financial institutions.

2019-7-29 17:45


Central Bank Crypto Could Damage Entire Economies, Warns Bank of Japan

The deputy governor of the Bank of Japan, Masayoshi Amamiya, has warned that the creation of crypto by central banks could have a negative impact on economies, Reuters reports. According to Amamiya, Central Bank Digital Currencies (CBDCs) had the potential to take away the credit channels of commercial banks if they managed to replace private […] The post Central Bank Crypto Could Damage Entire Economies, Warns Bank of Japan appeared first on CCN Markets

2019-7-6 17:36


Mining Bitcoin or the ‘Crypto-Ruble’ Just Another Form of Counterfeiting, Claims Russian Banking Chief

The head of VTB Bank, a major Russian financial institution that sees the government as its majority shareholder, has compared bitcoin mining with counterfeiting. Andrei Kostin, who serves as the president and the chairman of the management board of VTB Bank, said Monday during an event that any person who prints digital money to replace Russian Ruble was counterfeiting the state-backed fiat.

2019-2-6 10:15


Could Central Bank Digital Currencies Be Better Than Virtual Currencies? Or Ride And Die Bitcoin?

Virtual currencies have been growing during the last years. Bitcoin has reached $20,000 dollars and several experts believe that it could be able to replace gold. However, there are some analysts that suggest that Central Bank Digital Currencies (CBDCs) could replace virtual currencies as we know them. Just a few weeks ago, Christine Lagarde, the […]

2018-11-26 13:44


Why Cryptocurrencies Can Never Replace Fiat Money

Ever since cryptocurrencies broke into the world of finance and revolutionized it, they’ve been highly praised and pitched against fiat money most of the times. Cryptocurrencies and fiat currencies have many differences between them, but a more general one is that fiat currencies are inflationary, which sees money supply increase every year, whiles majority of […] The post Why Cryptocurrencies Can Never Replace Fiat Money appeared first on ZyCrypto.

2018-10-30 20:16