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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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VISA Head Of Crypto Deconstructs Issues Regarding CBDCs and Effects on Bitcoin Adoption
Through a series of tweets on his official twitter account published on July 4, VISA Head Of Crypto, Cuy Sheffield, shared his thoughts on central bank digital currencies (CBDCs). According to him, CBDC is one of the most important trends for the future of money and payments over the next decade. Sheffield stated that regardless […] дальше »
2020-7-6 01:19 | |
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Central Bank Digital Currency Touted as Solution to US Economic Overhaul
Talk of a US central bank digital currency (CBDC) dominated proceedings, as the US Senate Committee on Banking, Housing, and Urban Affairs conducted a virtual meeting yesterday. The near two-hour-long hearing titled “The Digitization of Money and Payments” discussed competing with China’s CBDC offering, financial inclusion, and modernizing the current US economic model. Taking the […] дальше »
2020-7-1 15:13 | |
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Regulators Easing the Restrictions on Banks Set in the Aftermath of Great Recession
The shares of big banks declined after the Fed said it would put a temporary cap on their dividend payments to preserve cash during the coronavirus pandemic. In its stress test, the central bank found that most banks would remain well capitalized in an economic downturn, but it also sees that large financial institutions remain […] дальше »
2020-6-29 23:42 | |
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Brazil Central Bank pulls the plug on Whatsapp’s mobile payments Service
The Central Bank in Brazil has suspended the WhatApp payment service by Facebook a week after its launch. According to reports, the Central Bank has ordered Visa and Mastercard to stop payments and transfer services through WhatsApp immediately. дальше »
2020-6-25 17:11 | |
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Brazil suspends WhatsApp’s payment feature just a month after its launch
Brazil’s central bank has directed Visa and Mastercard to suspend payments through WhatsApp, threatening... The post Brazil suspends WhatsApp’s payment feature just a month after its launch appeared first on Coin Journal. дальше »
2020-6-25 15:51 | |
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Cambodia’s Central Bank Rolls Out Blockchain Payment System Whitepaper; It’s Not A CBDC
After three years of development, the Cambodian national digital currency may be out later this month, according to a recently released whitepaper. The permissioned blockchain-based payments system differs from the central bank digital currencies, also known as CBDCs, being offered by several states, including China and Russia, the paper states. дальше »
2020-6-22 21:04 | |
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The Bank of Thailand continues to investigate central bank digital currency solutions
The Bank of Thailand (BOT) recently announced that it is developing a prototype payments system that would rely on a central bank digital currency (CBDC) to facilitate payments. This new project extends the BOT proofs-of-concept using Corda and Hyperledger. дальше »
2020-6-23 18:00 | |
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Bank of Thailand (BoT) to Develop A Prototype Payments System For Business Using CBDC
Thailand's Central Bank (BoT) has announced that it will roll out a prototype for digital currency payments within the country's business ecosystems. The initiative will be based on an ongoing CBDC project dubbed ‘Inthanon, ‘ which kicked off two years ago in collaboration with Thai's leading financial institutions. дальше »
2020-6-20 19:54 | |
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How Central Bank Digital Currencies Could Inadvertently Destroy the Banking System
The rise of digital currencies has shone a bright light on the future of contactless payments, and central banks seem to be catching on the idea. Central Banks, in this case, represent governments that have realized the vigor of financial technology and moved to prevent a crisis as more people migrate from the use of […] дальше »
2020-6-17 20:47 | |
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Stablecoins Are the Bridge From Central Banks to Consumer Payments
Stablecoins can mediate between central bank digital currencies and the consumer payments universe, says Sila's Alex Lipton. дальше »
2020-5-31 16:00 | |
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China: CBDC Issuance Could Be Fast-Tracked for COVID-19 Stimulus Payments
China’s planned digital currency electronic payment (DCEP) project may be accelerated to have the central bank digital currency (CBDC) available for COVID-19 stimulus package payments. The news is the latest in a string of government-led actions aimed at advancing the adoption of blockchain technology in the country. дальше »
2020-5-27 23:00 | |
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“If you Can’t Fight it, Adopt it,” Visa Wins Patent for Digital Currency Protocol
International payments processor Visa won a patent describing a digital currency protocol on May 14. The system works on a private blockchain and uses native tokens to facilitate transactions. Good for Crypto? As Forbes reported, the Visa blockchain would feature native “digital dollars” and other central bank-issued fiat currencies. дальше »
2020-5-15 17:00 | |
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