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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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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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Cryptocurrency exchanges close in Turkey amid ban on cryptocurrency payments
Turkish crypto exchange Vebitcoin announced the termination of operations. It is the second Turkish crypto trading platform to crash after the country's Central Bank banned the use of cryptocurrency as a payment method in early April. дальше »
2021-5-2 13:45 | |
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2 Turkish Crypto Exchanges Investigated for Fraud After Central Bank Bans Cryptocurrency Use for Payments
Two Turkish cryptocurrency exchanges are being investigated by the authorities in Turkey after they abruptly halted trading. The authorities have blocked access to the bank accounts of the second exchange and detained four people so far. дальше »
2021-4-26 00:30 | |
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Ethereum price sees strong recovery after the weekend crash
Last week, after the Turkey Central Bank announced that crypto payments will become illegal beginning on April 30th, crypto prices started crashing, and many coins saw considerable losses. Ethereum ETFs launching in Canada Canada has become a North American haven for crypto ETFs. дальше »
2021-4-21 11:32 | |
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Google Search Volume for Cryptocurrency in Turkey Is At An ATH After Payment Ban
While the central bank is busy banning crypto payments, people in Turkey have never searched for altcoin, crypto, and DeFi this much. The post Google Search Volume for Cryptocurrency in Turkey Is At An ATH After Payment Ban first appeared on BitcoinExchangeGuide. дальше »
2021-4-20 21:09 | |
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Bitcoin Price Analysis: 17 April
Bitcoin dropped from $63,000 to $60,500 following the news that Turkey's central bank had imposed a ban on crypto-holders using their digital assets for payments. Funding rates for BTC hovered just abThe post Bitcoin Price Analysis: 17 April appeared first on AMBCrypto. дальше »
2021-4-17 15:30 | |
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Turkey Bans Cryptocurrency Use for Payments as Local Currency Plunges
The Central bank of the Republic of Turkey has issued a cryptocurrency regulation prohibiting the use of cryptocurrencies for payments of goods and services. From the end of this month, crypto assets cannot be used directly or indirectly as a means of payment in the country and no service can be provided for this purpose. […] дальше »
2021-4-17 18:30 | |
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Turkey Central Bank to Prohibit the Use of Crypto for Payments
The Central Bank of the Republic of Turkey (CBRT) stated that it would ban the use of cryptocurrency as a means of payment. The upcoming ban comes amid an ongoing inflation crisis in the country. Turkey Bans Crypto Payments The CBRT announced the new legislation via the Resmi Gazete, otherwise known as the Official Gazette,Read More дальше »
2021-4-17 17:00 | |
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Bitcoin (BTC) price analysis as Central Bank of Turkey bans crypto payments
Bitcoin (BTC) price has moved over 3% lower today after the Central Bank of the Republic of Turkey (CBRT) banned crypto payments for goods and services in the country. Fundamental analysis: Regulatory concerns The central bank decision is a result of “irreparable” damage and transaction risks crypto assets can bring. дальше »
2021-4-16 16:25 | |
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Turkey’s central bank moves to ban crypto payments
Recently, the population of Turkey started turning heavily to cryptocurrency payments due to the country’s struggles with the traditional economy. However, the country’s Central Bank seems to have disliked this turn of events, as it made a move to prohibit crypto users from using their assets to make payments. дальше »
2021-4-16 12:50 | |
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China’s Central Bank Runs a Cross-Border Trial of Digital Yuan
According to the state-run Shenzhen Special Zone Daily newspaper, the People's Bank of China is now ready to run a trial of its digital yuan through cross-border payments. China’s central bank is running a one-day pilot program under which selected Hong Kong residents can use the central bank digital currency (CBDC) as a payment method […] The post China’s Central Bank Runs a Cross-Border Trial of Digital Yuan first appeared on BitcoinExchangeGuide. дальше »
2021-4-6 19:41 | |
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Central banks are developing their own CBDCs, but what kind of CBDC does the world really need?
The COVID-19 pandemic has accelerated the trend of cashless payments, with central banks racing to develop and test digital currencies. The post Central banks are developing their own CBDCs, but what kind of CBDC does the world really need? appeared first on CryptoSlate. дальше »
2021-3-12 11:00 | |
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Embattled Ripple Developing CDBC Payments Solution
Ripple has revealed in a blog post on March 3, 2021, that it’s piloting a private version of its XRP Ledger blockchain network. The solution is designed to function as a secure, permissioned, and flexible infrastructure for the issuance of central bank digital currencies (CBDCs). дальше »
2021-3-6 20:00 | |
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China & UAE Central Banks Join HKMA & BoT In ‘Multiple CBDC Bridge’ For Cross-Border Payments
To reduce cross-border payment's pain, the Central Bank of United Arab Emirates (CBUAE) and People's Bank of China (PBoC) have joined multiple-CBDC's projects, announced Hong-Kong Monetary Authority (HKMA) and Bank of Thailand (BoT) on 23rd February. дальше »
2021-2-25 23:36 | |
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China and UAE Central Banks Join “Multiple CBDC Bridge Study” To Enhance Cross-Border Payments
The Central Bank of the United Arab Emirates (CBUAE) and the Digital Currency Institute of the People’s Bank of China (PBC DCI) have joined Hong Kong Monetary (HKMA) in partnership with the Bank of Thailand (BOT) in the second phase of the Project Inthanon-LionRock. дальше »
2021-2-25 15:06 | |
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ECB Seeks Veto Power Over Emerging Stablecoins in Europe
Because stablecoins derive their value from official currencies, central bankers are especially wary of them. They fear this relationship could affect control over payments, banking, and the money supply. дальше »
2021-2-24 20:41 | |
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Nigeria – The People Fight Back Against Central Bank Cryptocurrency Limitations
Nigeria’s central bank recently made headlines enforcing cryptocurrency restrictions on how the country’s banking sector works. Specifically, CBN reminded regulated financial institutions yesterday that a 2017 regulation prohibits them from facilitating cryptocurrency transactions or facilitating payments for exchanges. дальше »
2021-2-23 22:35 | |
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Chinese Commercial Bank Tests Biometric Hardware Wallet for Digital Yuan Payments
The Postal Savings Bank of China (PSBC), a Chinese commercial bank, has created another hardware wallet for digital yuan payment, as part of China’s efforts to carry out large-scale trials for its proposed central bank digital currency (CBDC) project. дальше »
2021-2-19 16:00 | |
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Nigeria’s Central Bank Unconstitutionally Bans Bitcoin Bank Accounts
Nigeria’s central bank has ordered commercial banks to not facilitate services to crypto exchanges. “The Bank hereby wishes to remind regulated institutions that dealing in cryptocurrencies or facilitating payments for... дальше »
2021-2-6 19:02 | |
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India’s Central Bank RBI Close to Digital Currency Decision as Paypal Exits Indian Payments Market
The Reserve Bank of India (RBI) is actively working on a digital currency and will make a decision “very soon,” the central bank has reportedly confirmed. Meanwhile, payments giant Paypal is shutting down its payment services within India. дальше »
2021-2-6 16:15 | |
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SWIFT and China’s Central Bank, PBoC, Partner To Launch A New Digital Payments Venture
In a report first published by The Block, the clearing center and the digital currency research institute at the People’s Bank of China (PBoC) and SWIFT, the global interbank settlement firm, SWIFT, have formed a partnership to launch a new financial payment service, Finance Gateway Information Service Limited, public records show. дальше »
2021-2-4 19:27 | |
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Indian Central Bank Mulls Use of Central Bank Digital Currency For Payments
After many years of indifference, the Reserve Bank of India (RBI) is now considering the use of a digital fiat currency for the payment sector in the country, a recent report says. This is coming on the backdrop of the increasing popularity of cryptocurrencies globally. дальше »
2021-1-26 21:10 | |
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BIS to Build Proof of Concept Network for Testing Cross-Border Payments Using CBDC’s
The Bank of International Settlements' Innovation Hub (BISIH) announced this week that one of its highest priorities is the continued research and testing of Central Bank Digital Currencies (CBDCs), along with five other areas of focus. дальше »
2021-1-23 22:52 | |
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SETL completes first CBDC fund transaction on live market infrastructure
SETL, a London-based settlement and payments Infrastructure provider, today announced that Banque de France (BDF) has successfully completed a Central Bank Digital Currency (CBDC) transaction, using the SETL blockchain that powers the IZNES fund platform. дальше »
2021-1-20 17:31 | |
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Kyrgyzstan Has Proposed Its First Regulatory Framework for Crypto
Kyrgyzstan's central bank wants to regulate cryptocurrency – licensing exchanges and barring its use in payments. дальше »
2021-1-9 17:45 | |
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Partnership, Interoperability and Neutral Bridge Currencies: Key to CBDC Success
The year ahead promises continued acceleration in crypto innovation. Within this, the evolution of Central Bank Digital Currencies (CBDC) will play an important role in transforming payments globally and preserving the overall positive trajectory of the sector. дальше »
2021-1-7 22:08 | |
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China's central bank plans digital yuan pilot for payments to Hong Kong
Preliminary talks are underway to begin testing the e-CNY in the special administrative region of Hong Kong.
дальше »2020-12-5 22:01 | |
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PBOC Planning Technical Pilot Testing of Digital Renminbi (e-CNY) for Cross-Border Payments
The central bank of China and Hong Kong Monetary Authority is now discussing the technical pilot testing of digital renminbi for cross-border payments, said HKMA on Friday. The launch date for e-CNY hasn’t been set yet. дальше »
2020-12-5 19:54 | |
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ECB Lays out ‘Reinvention of Money’ Strategy
Executive Board member Fabio Panetta also presented the European Central Bank’s vision for ensuring “efficient, inclusive and secure payments in the Digital Age. ” Panetta described the European Central Board (ECB) vision at the Future of Payments in Europe conference hosted by the Deutsche Bundesbank on Nov 27. дальше »
2020-11-30 15:42 | |
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Facebook’s Libra hires former OCC prosecutor and central bank expert
The Libra Association has made a key hire in its pursuit of a new cryptocurrency and payments system.
дальше »2020-11-26 21:22 | |
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World Gov’ts Continue Revealing Developments and Concerns on CBDC
The anticipation was great when Jerome Powell, the Chair of the United States Federal Reserve, finally addressed the government’s position on digital currency and the potential role of a central bank digital currency (CBDC) for domestic and international cross-border payments, on Oct. дальше »
2020-11-6 14:29 | |
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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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COVID-19 Accelerated Digital Payments Growth and Fintech Regulatory Innovation: World Bank & Cambridge Global Study
A joint study by the Cambridge Centre for Alternative Finance (CCAF) and the World Bank has revealed that COVID-19 greatly accelerated Fintech regulatory innovation developments. Dubbed ‘Global COVID-19 Fintech Regulatory Rapid Assessment Study’, the report was released on Oct 28 as part of an effort to empirically equip regulators and central banks in the digital currency […] The post COVID-19 Accelerated Digital Payments Growth and Fintech Regulatory Innovation: World Bank & Cambridge Global Study first appeared on BitcoinExchangeGuide. дальше »
2020-10-31 23:45 | |
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Digital Ruble Could Be a Reality in a Few Short Years, Says Russia
Russia’s government says that a Russian ruble will come about in three to seven years. It believes that a central bank-backed digital currency (CBDC) could help make payments transparent, thus fighting corruption and poverty. дальше »
2020-10-24 18:00 | |
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Video: The Fed Considers CBDCs And Bretton Woods 2.0
The IMF panel on cross-border payments was a Central Bank Digital Currency (CBDC) discussion in disguise, headlined by Jerome Powell, chairman of the Federal Reserve. The post Video: The Fed Considers CBDCs And Bretton Woods 2.0 appeared first on Bitcoin Magazine. дальше »
2020-10-22 19:32 | |
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Bank of Russia Is Studying Pros & Cons of a Digital Ruble; May Start Developing CBDC In 2021
According to Izvestia, a Russian finance news site, the Ministry of Finance and Bank of Russia investigate other nations’ efforts in releasing a central bank digital currency (CBDC). The post, published on Monday, highlights some of Russia's advantages of launching its own digital ruble, including reducing the cost of transactions, more opportunities for cross-border payments, […] The post Bank of Russia Is Studying Pros & Cons of a Digital Ruble; May Start Developing CBDC In 2021 first appeared on BitcoinExchangeGuide. дальше »
2020-10-21 20:41 | |
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Monetary Stability: The IMF and Fed Chair Jerome Powell Discuss Digital Currency Implications
On Monday, the International Monetary Fund (IMF) published a report on crypto assets like central bank digital currencies (CBDCs) and global stablecoins (GSCs). Moreover, the IMF also hosted a virtual panel that discussed digital currencies and cross-border payments with the Federal Reserve Chair Jerome Powell. дальше »
2020-10-20 00:00 | |
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China Trials Its Central Bank Currency, The Digital Yuan, In Shenzhen’s Gas Stations
China’s Central Bank assists Shenzhen citizens in using its digital currency as payments to refuel their motor vehicles. The community in the tech hub of China (Shenzhen) received $1. 5 million in digital Yuan, airdropped to gear up the project, 11 gas stations are now accepting digital currency as payments, reported Economic Information Daily. дальше »
2020-10-18 17:41 | |
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G7 Leaders Don’t Want Any Stablecoin, Including Facebook’s Libra to Launch Without Regulation
Financial leaders of the world’s seven biggest economies oppose the launch of Facebook’s Libra stablecoin until it is regulated, as per a G7 statement draft. Digital payments can improve access to financial services and cut costs and inefficiencies, says the draft prepared for a meeting of finance ministers and central banks of the United States, […] The post G7 Leaders Don’t Want Any Stablecoin, Including Facebook’s Libra to Launch Without Regulation first appeared on BitcoinExchangeGuide. дальше »
2020-10-13 15:42 | |
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China’s Central Bank Processes Over 3.1 Million Transactions in National Digital Currency
Coinspeaker China’s Central Bank Processes Over 3. 1 Million Transactions in National Digital CurrencyThe Central Bank of China has researched over 6,700 use cases for its CBDC and wired more than 5000 payments in the national digital currency to healthcare workers to boost the fight against the coronavirus. дальше »
2020-10-7 14:59 | |
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