Category: digital currencies.

11% of US insurers invest — or are interested in investing — in crypto

June 2, 2022

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Of the 328 CFOs and CIOs representing around half of the global insurance industry, 6% responded their firm was either already invested or considering an investment into cryptocurrencies. 1084 Total views 8 Total shares United States-based insurers are the most interested in cryptocurrency investment according to a Goldman Sachs global survey of 328 chief financial […]

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Spanish banks required to report 3-year digital currency plans

November 10, 2021

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Banco de Espana wants to assess the influence that digitalization has on financial services. 516 Total views 27 Total shares Digital currency plans by Spanish banks must now be reported according to sources at the Banco de Espana, which claimed that the central bank wants to examine the effect digitalization is having on financial services. […]

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New Zealand’s Reserve Bank consulting public on a potential CBDC

July 8, 2021

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The Reserve Bank of New Zealand will look at the potential for a CBDC “to work alongside cash as government-backed money,” and assess the issues around the emergence of crypto assets such as stablecoins. 1595 Total views 11 Total shares The Reserve Bank of New Zealand says a central bank digital currency might be a […]

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Microsoft president says fintechs should leave currency to central banks

March 24, 2021

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Microsoft president Brad Smith is not keen on the idea of technology companies issuing private stablecoins. 8374 Total views 48 Total shares For Brad Smith, president of the Microsoft Corporation, fintech firms have no business issuing private digital currencies. According to Bloomberg, Smith gave these remarks while speaking at an online conference organized by the […]

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Central banks must play ‘pivotal role’ in digital money, says BIS exec

January 28, 2021

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An exec at the Bank for International Settlements wants central banks to helm the evolution of digital money. 2330 Total views 26 Total shares With central bank digital currencies — or CBDCs — on the agenda in many countries, the general manager of the Bank for International Settlements has weighed in on the role of […]

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