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Russia Says Digital Currencies Could Overtake SWIFT
International Currencies The Russian state news outlet RT reported that the Central Bank of Russia says digital currencies will challenge current international banking systems. There are more than 30 central banks or other regulators that are researching Central Bank Digital Currencies (CBDCs). дальше »
2020-12-26 20:29 | |
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Digital Yuan Not Intended to Replace Global Currencies, Says Ex-PBOC Governor
Zhou Xiaochuan, a former governor of the People’s Bank of China (PBoC), stated that China’s planned central bank digital currency – Digital Currency Electronic Payment (DCEP) – has no plans to topple existing sovereign currencies. дальше »
2020-12-15 13:01 | |
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Former PBoC Governor: China Doesn’t Have ‘An Ambition to Replace Existing Currencies’
China’s former head of the central bank said digital yuan could be useful for cross-border trade and support its efforts to promote yuan as an international currency. Zhou Xiaochuan, who stepped down as governor of the PBOC in 2018, spoke at the Shanghai Financial Forum on Friday. дальше »
2020-12-15 00:31 | |
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G7 Finance Ministers Strongly Support Regulating Digital Currencies
Central bankers and finance ministers from the Group of Seven (G7) advanced economies have “strong support” on the need to regulate digital currencies. The U. S. Treasury Department in a statement after a virtual meeting of the officials on Monday. дальше »
2020-12-7 19:52 | |
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CBDCs and Interoperability: Bridging the Gap in Innovation
Central Banks will play a critical role in the new, modern global financial infrastructure that blockchain technologies will undoubtedly underpin. Central Bank digital currencies (CBDCs) are an important development for Central Banks, allowing for the continuation of sovereign monetary policy in a digital asset world—to the benefit of billions of people around the world. дальше »
2020-12-4 22:00 | |
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Facebook’s Libra Renamed ‘Diem’ Amid Plans for Stablecoin Launch 2021
Since its announcement in mid-2019, regulators have railed against Libra, arguing that the project could upend global monetary policy control protocols. Indeed, Libra’s emergence likely provided the catalyst for more serious considerations surrounding central bank digital currencies (CBDCs). дальше »
2020-12-2 20:30 | |
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BIS Says CBDCs Likely Better than Private Stablecoins Like Libra
The Bank for International Settlements is the latest major financial organization looking to implement industry-standard regulations in the stablecoins arena. Meanwhile, several nations are also working towards creating their own central bank digital currencies (CBDCs) which are seen by some commentators as being driven by private stablecoin projects like Facebook’s Libra. дальше »
2020-11-26 02:01 | |
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US Fed: Privacy concerns in “Big Tech” are good for state-backed digital currencies
Economists at the Federal Reserve Bank of New York suggest that privacy concerns at “Big Tech” firms like Facebook—which are developing their own digital currencies—could help position Central Bank Digital Currencies (CBDCs) as a better alternative. дальше »
2020-11-25 00:00 | |
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CBDC’s Offer Better Privacy Propositions Than Big Tech Digital Currencies: New York Fed
The research paper titled, “Monetizing Privacy,” by Rodney Garratt Professor of Economics at the University of California, Santa Barbara (UCSB) and Michael Lee, an economist at Federal Reserve Banks – Federal Reserve Bank of New York, states that central bank digital currency (CBDCs) will outperform the private company-based stablecoins such as Libra in protecting the […] The post CBDC’s Offer Better Privacy Propositions Than Big Tech Digital Currencies: New York Fed first appeared on BitcoinExchangeGuide. дальше »
2020-11-25 22:43 | |
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China: Suzhou Eyes Black Friday for Digital Yuan CBDC Test
China’s central bank digital currency (CBDC) testing train is scheduled to make its next stop in the city of Suzhou as authorities accelerate plans to issue the digital yuan. While several countries are actively involved in developing their sovereign digital currencies, China is reportedly leading the global CBDC revolution. дальше »
2020-11-24 00:03 | |
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Ripple Wants To Work With Central Banks To Introduce CBDCs Support On XRP Ledger
What a year — the coronavirus pandemic that has taken the lives of millions of people around the world, economic uncertainty, and the unemployment numbers that have continued to skyrocket. As a result, governments are increasingly interested in central bank digital currencies in an effort to address the pandemic’s financial ramifications. For many years, CBDCs […] дальше »
2020-11-23 19:55 | |
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China’s Xi Jinping Asks G20 Countries for Receptive Attitude Towards CBDCs
The Chinese President is big on CBDCs. Be Open and Accommodating to CBDCs, Says China According to an official statement released by the Ministry of Foreign Affairs of the People’s Republic of China, Chinese President, Xi Jinping, has asked the G20 countries to be receptive to central bank digital currencies (CBDCs). дальше »
2020-11-23 16:30 | |
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Ripple looks for a new director to convince central banks on XRP benefits
San Francisco startup Ripple is planning to bring its XRP Ledger to the central bank digital currencies (CBDCs) environment. As a result, a new job listing reveals that the company is looking to call in the services of a senior director of central bank engagements. дальше »
2020-11-24 16:28 | |
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Ripple seeks director to engage with central banks on digital currency
Ripple is looking to define its strategy regarding central bank digital currencies.
дальше »2020-11-23 12:42 | |
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At G20 Summit, China Calls For Accepting CBDCs
Chinese Prime Minister Xi Jinping has urged heads of government to take an “open and accommodating” stance toward Central Bank Digital Currencies (CBDCs), as the global economy attempts to recover from the fallout of the COVID-19 pandemic. дальше »
2020-11-22 21:00 | |
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Video: Digital Euro, Central Bank Digital Currencies And Bitcoin
In this episode of Fed Watch, the hosts discuss the potential for a digital euro, central bank digital currencies and the "financial hurricane" that is ongoing The post Video: Digital Euro, Central Bank Digital Currencies And Bitcoin appeared first on Bitcoin Magazine. дальше »
2020-11-21 20:55 | |
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ECB’s President ‘Hunch’ is EU Might Push Forward with CBDC Plans; Decision to be made in January, 2021
European Central Bank (ECB) president, Christine Lagarde, said on Thursday that the EU would make its decision on whether to pursue a digital euro in January 2021. This comes as more jurisdictions pay closer attention to Central Bank Digital Currencies, given the accelerated paradigm shift to virtual payment networks amidst the COVID-19 pandemic. дальше »
2020-11-14 23:32 | |
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Bitcoin Mining Pool Stirs Controversy by Promoting Censoring BTC Transactions
Blockchain analyst firm, BlockSeer has launched a private mining pool, currently, in beta, that will censor certain Bitcoin transactions. Given that the Bitcoin community emphasizes censorship-resistance, an essential feature of cryptocurrency that makes it differentiating from the central bank digital currencies, it’s pretty obvious that the company would come under fire for its move. дальше »
2020-11-14 22:33 | |
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CBDCs will replace cash in the future: Deutsche Bank Research
German multinational investment bank and financial services company Deutsche Bank believes that in the long term, central bank digital currencies or CBDCs will replace cash. In a new report from its rThe post CBDCs will replace cash in the future: Deutsche Bank Research appeared first on AMBCrypto. дальше »
2020-11-12 19:05 | |
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UK Authorities Get Serious with Stablecoins, Set to Unveil Regulatory Framework
The government of the United Kingdom is making active plans to transform the nation’s financial ecosystem and ultimately make the region a hotbed for innovative businesses. The government says it plans to formulate amenable regulations for stablecoin initiatives and central bank digital currencies (CBDCs), according to a statement November 9, 2020. дальше »
2020-11-11 22:00 | |
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NYU Professor Predicts CBDCs Are Imminent, Bitcoin Still Unviable
Central banks have been responding to the rise of Bitcoin with the introduction of central bank digital currencies, or CBDCs. Thus far, movement on this front has been somewhat slow. Save for China, most central banks are still in the ideation phase, or are looking more into how a CBDC would affect their economy and […] дальше »
2020-11-10 06:00 | |
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US Fed economists exploring 'intrinsic' value drivers of CBDC
In its research on central bank digital currencies or CBDCs, United States Federal Reserve published a new review on 9 November exploring the potential impact of a digital dollar on commercial bankingThe post US Fed economists exploring 'intrinsic' value drivers of CBDC appeared first on AMBCrypto. дальше »
2020-11-10 01:30 | |
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‘Dr Doom’ Nouriel Roubini Admits Bitcoin May Be a Store of Value, Sees Big Revolution in Central Bank Digital Currencies
Economist Nouriel Roubini, also known as “Dr. Doom,” has admitted that bitcoin may be a store of value. Roubini sees a “big revolution” coming in the next three years due to central banks launching their own digital currencies. дальше »
2020-11-10 00:30 | |
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The UK to Lead in New Technologies “Stablecoins & CBDCs” Following the Departure from the EU: Chancellor
Chancellor Rishi Sunak said on Monday that to maintain certainty and stability for firms in the UK following its departure from the European Union, they will be “leading the global conversation on new technologies like stablecoins and Central Bank Digital Currencies. дальше »
2020-11-10 23:10 | |
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No Immediate Need for Digital Currency Says Norway’s Central Bank
Speaking at a conference on November 5, Ida Wolden Bache, the deputy governor of Norway’s central bank, detailed the decline of cash in her country while also discussing the potential of Central Bank Digital Currencies (CBDCs). дальше »
2020-11-10 17:10 | |
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PayPal to Develop Robust Digital Wallet in 2021, Witnesses Surge in Crypto Demand
Following its recent adoption of cryptocurrency, PayPal recently gave details of its crypto and digital wallet plans for 2021, while also stating that central bank digital currencies (CBDCs) may take time, but they are here to stay. дальше »
2020-11-5 15:30 | |
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PayPal CEO Reveals Big Plans for Crypto to Become a ‘Market Leader in the Digital Currency Space’
In its Q3 2020 earnings call on Monday, PayPal Holdings, Inc. (NASDAQ: PYPL) discussed increasing the utility of cryptocurrencies and to embrace new forms of central bank digital currencies (CBDC), which are just “a matter of when and how they’re done, not if. дальше »
2020-11-4 22:13 | |
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PayPal Going Global with Crypto Services and CBDC Support in 2021
The CEO of payments giant PayPal has revealed more details about the firm’s lofty cryptocurrency ambitions at a recent Q3 earnings call. PayPal CEO Dan Schulman expanded on its plans to aggressively push into the crypto sector next year, which included support for central bank digital currencies (CBDCs). дальше »
2020-11-3 11:19 | |
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China: CBDC Tests Crosses $300M Payment Milestone from 4M Transactions
China’s expanded central bank digital currency (CBDC) development has reached a new milestone of 2 billion yuan in total payments processed despite still being in the testing phase. With a few countries having released their own sovereign digital currencies, stakeholders are calling for more international collaboration on CBDCs. дальше »
2020-11-3 18:00 | |
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Iran to Use Bitcoin for International Trade, Bypassing the Dollar Due to US Sanctions
With the latest amendment to the legislation, Iran has become the first country to use cryptocurrencies at a state level for import funding. The Iranian Cabinet amended legislation to redirect digital currencies into the funding mechanism of the Central Bank of Iran (CBI) for imports, as per the report by the official The Islamic Republic […] The post Iran to Use Bitcoin for International Trade, Bypassing the Dollar Due to US Sanctions first appeared on BitcoinExchangeGuide. дальше »
2020-10-31 19:08 | |
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Canada Calls for Coordinated Global Collaboration on CBDC Development
Canada says international collaboration is necessary to get the best out of central bank digital currency (CBDC) development. Countries like The Bahamas and Cambodia have already launched their sovereign digital currencies with China conducting live testing protocols. дальше »
2020-10-31 21:00 | |
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Central bank digital currencies have the power to upend global finance
Central bank digital currencies will fundamentally change our conceptions of money and its uses.
дальше »2020-10-26 21:09 | |
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Russia To Conduct A Pilot Of Its Digital Ruble By End Of 2021: Senior Bank Of Russia Official
Countries around the world have shown great interest in developing central bank digital currencies (CBDCs), with a good number of central banks already in the process of creating digital versions of their national currencies. дальше »
2020-10-25 18:34 | |
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China Drafts Law to Legalize Digital Yuan, Outlawing Competitors
China’s central bank, the People’s Bank of China (PBOC), has drafted a law to legalize the digital yuan and outlaw digital currencies issued by anyone else competing with it. Meanwhile, the central bank has been cracking down on gambling sites that use the stablecoin tether. дальше »
2020-10-25 15:35 | |
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Philippines' central bank isn’t ready to pull the trigger on a CBDC
The central bank wants to learn from private-sector digital currencies — but still believes they are inferior to central bank money. дальше »
2020-10-22 13:51 | |
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Crypto Fest 2.0 Rumble in the Crypto Jungle
Crypto is heating up once again! DeFi has exploded onto the scene, scalability of Ethereum is in question, ETH gas fees are out of control, interest in central bank digital currencies (CBDCs) is hot, and regulators are scrutinizing closely and expectations that bitcoin is going to moon soon. дальше »
2020-10-21 19:34 | |
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New Zealand’s Central Bank Is Actively Researching CBDC’s, But Has No Plans to Launch Soon
The Central Bank of New Zealand has hinted through its deputy governor that it is actively researching Central Bank Digital Currencies (CBDC). However, there are no plans to launch one anytime soon. дальше »
2020-10-20 16:38 | |
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