Australian central bank says CBDCs, tokenization have potential to become the future of money

The Reserve Bank of Australia (RBA) is actively considering the potential adoption of a central bank digital currency (CBDC) as a transformative step towards the future of money and financial transactions. дальше »

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Caution Is Key as Tanzania Mulls Central Bank Digital Currency Launch

Tanzania is exploring the potential of central bank digital currency with a new initiative from its central bank, the Bank of Tanzania (BoT). The central bank is looking into the possibility of creating a digital version of the Tanzanian shilling, in line with the growing trend among central banks worldwide to examine the use of digital currencies as a way to enhance financial inclusion and improve the efficiency of monetary policy. дальше »

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Bank of America Says CBDCs Are the Future of Money and Payments

Central bank digital currencies have the potential to revolutionize global financial systems, the report said. дальше »

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Nigeria latest country to create regulatory framework for stablecoins... Details inside

The central bank of Nigeria has released a report to examine the development of a regulatory framework for the potential use of stablecoins. The report also focuses on the national CBDC, eNairaThe post Nigeria latest country to create regulatory framework for stablecoins. дальше »

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Russia pushes foreign CBDC transactions as sanctions tighten

In the first quarter of 2023, the Russian central bank will look into two potential cross-border CBDC settlement methods. дальше »

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Crypto Market Forecast: Week of January 9th 2022

A curated weekly summary of forward-focused crypto news that matters. This week, Coinbase CEO Brian Armstrong points to FTX contagion risks, Tonga and Fiji explore the potential of the Bitcoin network, and a major Russian bank launches a gold-backed digital asset. дальше »

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DMI finds CBDCs not targeting cross-border payments, huge potential in metaverse

The Digital Money Institute’s third annual payments report looks at central bank digital currencies for the first time, as well as other payment methods, through the lens of cross-border payment utility. дальше »

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Central banks could leverage stablecoins as a shortcut, according to a New York Fed advisor

Central Banks could just opt to use stablecoins instead of developing their own central bank digital currencies (CBDCs), according to one Federal Reserve research advisor. New York Federal Reserve research advisor, Antoine Martin, said that stablecoins offer central banks a potential… дальше »

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Genesis Global Capital Confirms Hiring Investment Bank Moelis, Talks With Potential Investors

Genesis also started talks with its largest creditors and borrowers, including Gemini and DCG, to agree on a solution. дальше »

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Genesis Bankruptcy Jitters Send Bitcoin to Fresh Low

The troubled crypto investment bank is in talks with potential investors for at least $1 billion in fresh capital, according to a Bloomberg report. дальше »

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Cronos [CRO] up by 5% after CEO's AMA clears FUD air

CRO gains 5% after Crypto. com CEO AMA  CRO witnesses improved sentiment, but holders still under losses Crypto. com is still facing a potential bank run after FUD escalated its FTX exposure. дальше »

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Singapore And New York Regulators Explore Cross-border CBDC Payments

In a media press release dated November 11, 2022, the Monetary Authority of Singapore (MAS) and the New York Fed announced a collaboration project (Project Cedar) to explore potential enhancements to cross-border payments using wholesale Central Bank Digital Currencies (CBDCs). дальше »

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Crypto no longer among top 10 potential risks according to US central bank

One of the 12 federal reserve banks in the United States, the Federal Reserve Bank of New York, ran a study to determine the hazards that will outweigh cryptocurrency in 2022. The results concluded that crypto is now safer. Crypto… дальше »

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Crypto no longer in top 10 most-cited potential risks: US central bank report

U.S.-China tensions, the Russia-Ukraine war, higher energy prices, rising inflation, the COVID-19 pandemic and cyberattacks came out as some of the most pressing financial risk concerns. дальше »

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Fed Completes First Test With Digital Dollar, Releases Results

In its New York subsidiary, the U.S. Federal Reserve (Fed) completed the first test of Project Cedar, the initiative testing a central bank digital currency (CBDC). The New York Innovation Center (NYIC) carried out this first phase and highlighted the potential for digital assets and blockchain technology to improve legacy payment rails. Related Reading: Twitter […] дальше »

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Bank With Crypto Companies at Own Risk, Warns Fed Top Regulator

The interconnection between crypto companies during the market downturn over the past year highlighted the potential risks for banking organizations that become involved with them. The post Bank With Crypto Companies at Own Risk, Warns Fed Top Regulator appeared first on BeInCrypto. дальше »

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Crypto Bank Silvergate Capital's Shares Fall After Wells Fargo's Bearish Call

The bank's analysts say Silvergate's growth potential is limited during crypto winter. дальше »

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Exploring the CBDC factor in Israel, Norway, and Sweden

The Bank for International Settlements (BIS) and the central banks of Sweden, Norway, and Israel have joined forces to investigate the potential applications of central bank digital currencies (CBDC) The post Exploring the CBDC factor in Israel, Norway, and Sweden appeared first on AMBCrypto. дальше »

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RBA Continues Collaborative Approach To Establish Feasibility Of CBDC For Australia

Whereas Australia already has a modern, and well functioning payments infrastructure, it continues to explore the potential economic benefits that would arise from the introduction of a Central Bank Digital Currency (CBDC). дальше »

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The Only Potential Benefit Of Central Bank Digital Currencies: Bitcoin Adoption

Central Bank Digital Currencies are a dystopian implementation of money and will only benefit society by encouraging people to adopt bitcoin. дальше »

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India’s central bank plans CBDC launch in 2022 with help from fintechs, public banks

The Reserve Bank of India (RBI) is engaged in talks with fintech companies and four public sector banks to pilot Central Bank Digital Currency (CBDC) project, with a potential launch planned later in 2022, Moneycontrol reported September 5. дальше »

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Saudi Arabia Central Bank Hires Crypto & CBDC Expert

Saudi Arabia is warming up to the potential of cryptocurrency following the hiring of former Accenture MD to focus on crypto adoption. The post Saudi Arabia Central Bank Hires Crypto & CBDC Expert appeared first on BeInCrypto. дальше »

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BofA: Crypto Buying Momentum Fades as Investors Weigh Bear Market Bounce, Recession Risk

Crypto investors are switching into stablecoins and out of more volatile assets due to uncertainty about the sustainability of the “bear-market bounce” and the potential for a hard recession in the U.S., Bank of America said. дальше »

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Crypto needs ‘enabling environment,’ Philippines central bank says

The Philippine central bank sees crypto's potential for improving domestic and cross-border payments, but the authority is still negative about crypto as a legal tender. дальше »

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The Reserve Bank of Australia to explore use cases for CBDC

The pilot project will last a year, and the details for potential participants will be published in the next few months.

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Thailand's Central Bank Extends Retail CBDC Study to Pilot Phase

The announcement noted how central banks across the world were seeing "the potential of retail CBDC as being the foundation of the future financial system." дальше »

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Blockchain has the biggest potential since the internet: Saxo Bank founder

Saxo Bank founder Lars Seier Christensen told Cointelegraph that in the coming years, new business models will be invented because of blockchain. дальше »

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BoE: Without Proper Regulation, Crypto Assets Are At Major Risk

The Bank of England, in a report, has made claims that the sharp volatility of crypto assets gives the asset class the potential to pose a “systemic risk” to financial stability within the country. дальше »

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Bank Indonesia Governor Embraces Crypto and Talks up CBDC

The governor of the central bank of Indonesia believes that cryptocurrencies have the potential to pose systemic risks, but can improve financial inclusion. The post Bank Indonesia Governor Embraces Crypto and Talks up CBDC appeared first on BeInCrypto. дальше »

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Bank of England Cites Crypto Integration With Traditional Finance a Risk to Financial Stability

The Bank of England argues that there is potential for crypto to pose greater threats to financial stability with greater integration into the traditional finance system. The post Bank of England Cites Crypto Integration With Traditional Finance a Risk to Financial Stability appeared first on BeInCrypto. дальше »

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Crypto market volatility shows need for 'enhanced regulatory and law enforcement frameworks' — BoE

The central bank said the growth of the crypto market did not pose an “immediate threat” to the United Kingdom’s financial system, but had the potential to do so in the future. дальше »

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Bank of Israel experiments with central bank digital currency smart contracts and privacy

The Israeli central bank looked at trust issues and policy decisions implied in a potential digital shekel, as well as some of the technical aspects of digital currency. дальше »

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BIS Calls Crypto Market ‘Fragmented,’ Incapable of Coordination

The Bank for International Settlements (BIS) said that it doesn't see the potential for payments infrastructure in a fragmented blockchain ecosystem. The post BIS Calls Crypto Market ‘Fragmented,’ Incapable of Coordination appeared first on BeInCrypto. дальше »

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JPMorgan Believes Bitcoin Is Currently Undervalued, Sees Huge Crypto Upside Potential

Despite the overall bearish sentiment in the crypto markets, strategists at the American multinational investment bank JPMorgan believe that there is immense upside potential. дальше »

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Why Crypto Could Be Lifesaver In Looming Recession Shock, BofA Warns

Per a Reuters report, Bank of America (BofA) Chief Investment Strategist Michael Harnett has warned the U.S. public about a potential economic recession and crypto as a possible safe haven. In a note sent to the bank’s clients, Harnett claimed the current macro-economic outlook is turning bearish for stocks and bonds. Related Reading | Bitcoin […] дальше »

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Sweden Casts Around for Potential E-Krona Suppliers

The country's central bank says it wants to understand the technical options before it takes the plunge to issue any new CBDC. дальше »

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Top 3 Metaverse Coins With a Market Cap Below $250 Million (April 2022)

While cryptocurrency markets are struggling to hold support this weekend, Metaverse coins are showing bullish momentum as the global Metaverse market cap holds above $34 billion. Last week, investment bank Citi saw the Metaverse economy as large as $13 trillion by 2030, signaling the tremendous long-term potential for the sector. дальше »

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Bank of Japan official calls for G7 nations to adopt common crypto regulations

The Bank of Japan has warned G7 nations that a common regulatory framework for cryptocurrencies needs to be introduced quickly, as current rules do not take into account the potential for digital assets to be used to skirt sanctions. дальше »

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CBDCs: From the “Hype” to the “How” of Making Financial Inclusion a Reality – Part 1

We recently surveyed over 1,600 financial leaders across 22 countries and discovered that 37% of senior financial institution executives around the globe consider both “financial inclusion” and “greater access to credit” as the largest potential breakthroughs for Central Bank Digital Currencies (CBDCs). дальше »

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Small Digital Euro Payments Won’t Need Laundering Checks, ECB Official Says

AWAIT CONFIRMATION WEDS PM BRUSSELS TIME The proposals regarding the potential future central bank digital currency come as lawmakers prepare to scrap anonymous bitcoin payments. дальше »

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Bank Of England Collaborates With MIT To Research On CBDC

The Bank of England has decided to collaborate with MIT regarding the development of a CBDC. The Bank of England is the latest bank that has expressed interest in exploring the scope of a CBDC. This latest partnership is with MIT’s Media Lab’s Digital Currency Initiative, through which BoE seeks to inspect and understand potential […] дальше »

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Bank of Canada collaborating with MIT on CBDC research

The bank will work alongside the MIT Media Labs’ Digital Currency Initiative (DCI) team to examine how “advanced technologies could affect the potential design of a CBDC.” дальше »

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First Mover Asia: China to Widen Test of Digital Yuan as Russia Invasion Spotlights Crypto’s Potential Role; Cryptos Decline

The country is close to approving trials of the central bank digital currency in a number of cities and regions; bitcoin and ether drop as risk-on appetite fades. дальше »

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Central Bank of Kenya seeks public input on potential CBDC

“A key opportunity where CBK sees potential value is the use of CBDC in facilitating cross-border transactions," the announcement reads. дальше »

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ECB Tells Banks to Prepare For Russian Cyber Attacks, Bitcoin Unaffected

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Total Crypto Ban Called for by Russian Central Bank: Here's Potential Reason for It

Bank of Russia wants to declare all crypto-related activities, including mining, illegal дальше »

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Malaysia: Central Bank Studying Potential Benefits of a CBDC

The Malaysian central bank is the latest to assess the potential benefits of a central bank digital currency (CBDC), Bloomberg reports, January 17, 2022. Malaysian Central Bank Exploring the Need for CBDC In a recent development, Bank Negara Malaysia, the central bank of Malaysia stated that it “is actively assessing the value proposition of centralRead More дальше »

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Pakistan’s central bank reportedly wants to ban crypto

Pakistan’s finance and law ministries are yet to make a decision on a potential blanket ban on crypto in the country.

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Russia’s Central Bank On The Verge Of Imposing Ban On Crypto Investments — Should Investors Be Worried?

Russia’s central bank is flirting with a ban on crypto assets. According to a recent report by Reuters, the central bank is looking to ban crypto investments in the country and is already holding discussions with relevant market players regarding the potential ban. дальше »

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Bank of America now says the crypto metaverse is a ‘massive opportunity’

A strategist at the Bank of America, Haim Israel, in a recent interview has declared that the new buzzword in the crypto space, Metaverse, holds a lot of potential for the crypto industry and it could be the niche that would drive the global adoption of the space. дальше »

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