2022-4-7 14:35 |
Trials by Riksbank have shown that offline payments can work using the CBDC, but the central bank is also looking at privacy concerns.
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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.
2022-3-31 17:41 | |
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Ripple faces new threat as central banks create working prototypes of a rival cross-border payments system
2022-3-23 13:32 | |
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Gemini Payments, an affiliate entity of crypto exchange Gemini led by billionaire investor twins Cameron and Tyler Winklevoss, has been granted an electronic money (e-money) operator license by the Central bank of Ireland.
2022-3-23 01:00 | |
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The tool to enable paying using different assets, tested by Australia, South Africa, Singapore and Malaysia, is the latest foray into trialling the applications of central bank digital currencies.
2022-3-22 13:39 | |
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Banking executive Hiromi Yamaoka believes that the conflict in Ukraine could influence central bank digital currencies (CBDCs) policy globally. The former head of payments and settlements department at the Bank of Japan sees countries such as China exploring CBDCs to counter the dominance of US dollars.
2022-3-17 04:00 | |
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Payments giant Visa has deepened its involvement in the digital currency space with a new partnership focused on central bank digital currencies (CBDC). The firm has teamed up with blockchain technoloThe post Visa, Consensys partner to build a 'CBDC Sandbox' for countries and institutions appeared first on AMBCrypto.
2022-1-14 21:30 | |
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The Central Bank of Iran and the Ministry of Industries, Mining and Trade have reached an agreement to link the CBI crypto platform to the Comprehensive Trade System, which allows businesses to make use of cryptocurrency to settle payments to international partners.
2022-1-13 01:00 | |
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Tencent Holdings’ WeChat App, the largest messaging app in China and one of the most popular payments in the country, has started supporting China’s central bank digital currency (CBDC).
2022-1-8 20:50 | |
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Andrew Bailey, the Governor of Bank of England, yet again shared his criticism of stablecoins as he said that he did not believe that stablecoins are likely to evolve into safe, regulated money, which means central bank digital currencies (CBDCs) will more likely be the future for electronic payments.
2021-11-25 17:57 | |
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According to the Reserve Bank of Australia (RBA) head of payments policy Tony Richards, cryptocurrencies are not posing a threat to the central bank operations. The post Australian official who owns Ethereum says it is no threat to the country’s financial system appeared first on CryptoSlate.
2021-11-19 11:00 | |
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The ECB weights in favor of incorporating a digital euro. The vision’s details were shared by Fabio Panetta, a member of the executive board of the European Central Bank (ECB). The possibility of a European CBDC for retail payments started being discussed at the beginning of the year by the central bank and was put […]
2021-11-7 04:39 | |
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Central Retail Corp, the largest shopping center developer in Thailand, has started distributing its own crypto coin to its employees in malls and restaurants globally on a trial basis with the plan of expanding the currency’s circulation later to also include its customers.
2021-10-29 20:52 | |
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China is pressing fast-food company McDonald’s to embrace its central bank digital currency (CBDC) as the Beijing Winter Olympics inch closer. A report citing three people familiar with the matter disclosed this news earlier today, noting that McDonald’s has received instructions to integrate a digital renminbi payments system across its restaurants in the country.
2021-10-22 22:57 | |
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Nearly every day as of late, scary headlines herald the demise of cryptocurrencies while federal governments and regulators all over the world crackdown on the enigmatic digital assets. ‘SEC Working Overtime to Take Control of Crypto Markets’, ‘People’s Bank of China Rules All Crypto-Related Trading Illegal’, ‘Russia’s Central Bank Wants to Slow Down Cryptocurrency Payments’, ‘Indian Authorities Consider Taxing Cryptocurrency Trades’, to name a few.
2021-10-5 14:01 | |
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This week, the Bank of England announced the membership of the central bank digital currency (CBDC) Engagement and Technology Forums. The creation of the groups was first announced in April this year alongside the CBDC task force to explore the potential of a UK CBDC.
2021-10-1 23:37 | |
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Executives and experts from Google, Amazon, PayPal and ConsenSys will be assisting Britain’s central bank with its CBDC research.
2021-9-30 08:32 | |
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Ripple, the leading provider of enterprise blockchain and crypto solutions for cross-border payments, today announced a collaboration with Bhutan’s central bank, the Royal Monetary Authority (RMA), to...
2021-9-29 12:59 | |
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Ripple has partnered with the central bank of Bhutan to create its a digital Ngultrum, that will explore CDBC use cases in retail, cross-border and wholesale payments, the latest step in the central bank's innovative payment initiatives.
2021-9-25 20:22 | |
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Ripple, the provider of enterprise blockchain and crypto solutions for cross-border payments, today announced a collaboration with Bhutan’s central bank, the Royal Monetary Authority (RMA), to pilot a central bank digital currency (CBDC) using Ripple’s CBDC Private Ledger.
2021-9-23 18:17 | |
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Conflux’s permissionless blockchain will be used to test the digital RMB for cross-border payments in Shanghai’s Lingang Pilot Free Trade Zone. In July, China's central bank has approved the Lingang Pilot Free Trade Zone to test the free capital inflows and outflows.
2021-9-20 18:33 | |
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Russian Central Bank Authorities are looking to “slow down” payments made to crypto exchanges to limit “emotional” purchases made by “unqualified” investors. The post Russian Central Bank to delay payments made to crypto exchanges appeared first on BeInCrypto.
2021-9-20 19:45 | |
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The Russian central bank is planning to slow down payments to crypto exchanges and combat suspicious crypto activity.
2021-9-15 15:48 | |
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El Salvador’s largest financial institution Bancoagricola, is accepting bitcoin for various payments and services across its network, in line with the recently implemented Bitcoin Law in the Central American country.
2021-9-10 17:00 | |
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Popular fast-food franchise – Mcdonald’s – is receiving payments in Bitcoin, only in El Salvador. This development followed the Central American country’s adoption of the cryptocurrency as a legal tender on Tuesday.
2021-9-9 14:38 | |
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The Bank of International Settlements (BIS) is collaborating with apex banks in Australia, Malaysia, Singapore, and South Africa to trial central bank digital currencies (CBDCs) for cross-border payments and remittances, according to a Coindesk report on September 2, 2021.
2021-9-3 23:00 | |
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The Central bank of Cuba has announced its intentions to regulate the use of cryptocurrencies in commercial transactions across the country. Government Agencies Barred From Using Crypto The Cuban Central Bank (BCC) said in a resolution that the bank must duly authorize the use of Bitcoin in commercial transactions.
2021-8-27 17:13 | |
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The Central Bank of Singapore, the Monetary Authority of Singapore (MAS), has launched a new blockchain-based project to streamline the process of cross-border payments using central bank digital currencies (CBDCs).
2021-8-27 19:45 | |
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By adopting Bitcoin as legal tender, El Salvador is setting an example that could be followed by other Central American countries. The post El Salvador Could Set Precedent for Bitcoin Remittance Payments appeared first on BeInCrypto.
2021-8-25 20:15 | |
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China’s central bank digital currency (CBDC), the ‘digital yuan,’ will give banks an edge after losing ground to fintech platforms in the payments sector, according to Moody’s. The post Digital Yuan Helps Banks Catch up With Fintech, Says Moody’s appeared first on BeInCrypto.
2021-8-20 15:55 | |
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The head of Ukraine’s Ministry of Digital Transformation has said that paying the staff of the ministry in the proposed central bank digital currency (CBDC) is under consideration. Ukraine CBDC Pilot Could Initially Involve Salay Payments In a recent interview with local Ukraine news outlet TSN, Mikhail Fedorov, who is also the country’s deputy PrimeRead More
2021-8-19 11:00 | |
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The International Monetary Fund (IMF), the World Bank, and the Bank of International Settlement (BIS) have conducted an extensive study of using central bank digital currencies (CBDCs) for cross-border payments.
2021-7-18 20:30 | |
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Federal Reserve Chairman Jerome Powell on Wednesday came out strongly supporting a digital dollar, saying it could undercut the need for cryptocurrencies and stablecoins. When asked during the congressional hearing if having a digital currency issued by the central bank would be a more viable alternative than cryptos in the payments system, Powell agreed and […] The post You Wouldn’t Need Crypto If You Have CBDC; ECB & Fed Selling Their Digital Fiat As Better Than Bitcoin first appeared on BitcoinExchangeGuide.
2021-7-15 16:35 | |
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Bank of Thailand says a growing number of companies are asking for payments in cryptocurrencies, such as bitcoin and ether. The central bank reiterates its stance on crypto and warns of the risks of using them as a means of payment.
2021-7-11 02:30 | |
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The Bank of Thailand (BOT) has issued a warning against using digital assets as a payment method, stating it could work with the country’s Securities and Exchange Commission (SEC) if crypto payments become widespread.
2021-7-10 05:00 | |
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While Central banks seem to be focusing more on the domestic use of cross-border networks of central bank digital currencies (CBDC), the Bank of International Settlements (BIS) believes CBDCs should be used beyond borders.
2021-7-9 20:16 | |
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While some countries like Argentina are looking to propose laws for the use of Bitcoin for salary payments, other countries are more critical of cryptocurrency. The Bank of Thailand (BoT) has cautioned against the use of digital assets like Bitcoin (BTC/USD) and Ethereum (ETH/USD) for the payment of goods and services.
2021-7-10 15:43 | |
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The BOT said it may be forced to coordinate with the Securities and Exchange Commission to ensure crypto payments do not pose "extensive risks to the general public or the economic and financial system."
2021-7-8 19:20 | |
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While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems.
2021-7-8 10:52 | |
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Lawmakers seem to be attempting to establish a legal framework behind a Central Bank of Iran decision for people to only use crypto from state-licensed mining operations for payments.
2021-7-3 19:32 | |
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Beijing subway has officially launched a new program that allows passengers to pay for rides with the central bank digital currency (CBDC) also known as the digital yuan. The news follows the subway system in East China’s Jiangsu province in the city of Suzhou which also allows digital yuan payments for subway fares. Digital Yuan […]
2021-7-1 10:30 | |
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The country will also not allow crypto use in other unspecified financial services.
2021-6-17 17:17 | |
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Indonesia’s central bank has cracked down on the use of cryptocurrencies for making payments. The announcement was made by the bank’s governor Perry Warjiyo during a virtual seminar on June 15.
2021-6-16 14:59 | |
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Xiong’an New Area, a state-level new area in Hebei, China, is seeing the use of onchain digital yuan payments, according to a circular issued by the Xiong’an government. The announcement details that Xiong’an subcontractors and builders are being paid using the central bank digital currency (CBDC) via the People’s Bank of China and the new […]
2021-6-15 00:30 | |
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As part of efforts to conduct more test on its upcoming central bank digital currency (CBDC) and expand the scope of the digital yuan, China completed it first salary payment with the CBDC powered by blockchain technology, in the Chinese state-level new area, Xiong’an.
2021-6-15 23:00 | |
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While calling Bitcoin a “speculative asset,” which is very complex, the top central bank official Sopnendu Mohanty said, if people want to go out and buy such risky assets, “it is their choice.” The post MAS Receives Over 300 Applications Including Alphabet, Alibaba, & Binance for Payments and Crypto Exchange Licenses first appeared on BitcoinExchangeGuide.
2021-6-4 20:34 | |
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The tests will focus on how the country’s proposed digital currency, the e-krona, would handle payments in the real world. The post Swedish Central Bank Working With Commercial Lender on CBDC appeared first on BeInCrypto.
2021-5-28 16:57 | |
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After banning crypto payments back in 2017, Indonesia is looking to allow payments in a digital rupiah currency.
2021-5-26 19:30 | |
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Three industry bodies under the Central bank of China released a document today calling for a ban on financial institutions and online payments channels providing any services involving cryptocurrency, including but not limited to registration, trading, clearing, and settlement.
2021-5-19 10:02 | |
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While CBDCs could help central banks address the decline in cash payments, some risk factors remain.
2021-5-19 11:12 | |
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The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.
Standard Chartered chose Dubai to launch crypto services from. However, reading between the lines, almost anywhere is preferable to the U.S. – that’s the message coming from banks and large institutions.
The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.
Two years earlier, the exchange was warned by Japanese regulators that it was operating in the country without permission.