Category: Digital Currency

China’s central bank worried about stablecoins’ risk to financial systems

July 8, 2021

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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. 544 Total views 4 Total shares The Chinese central bank is “quite worried” about the global financial risks associated with digital currencies, particularly stablecoins, according to a senior official. Fan […]

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Blockchain not suitable for CBDC, says Swiss national bank economist

June 25, 2021

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Global economists continue to question the implications of blockchain implementation for central bank digital currencies. 4690 Total views 5 Total shares Blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC), is not the right solution for a central bank digital currency, according to an economist at Switzerland’s central bank. Carlos Lenz, chief economist at the […]

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Mexico lawmakers aim to follow the example of neighboring countries with proposed Bitcoin legislation

June 8, 2021

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“We are going to lead the shift to crypto and fintech in Mexico,” said one senator. 19444 Total views 11 Total shares Eduardo Murat Hinojosa, a senator of the federal government of Mexico, has said he will be submitting a proposal to lawmakers seemingly aimed at crypto adoption in the country. In a tweet today, […]

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State digital currency to get more trust than crypto, says Russian ex-PM

May 20, 2021

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Former Russian Prime Minister and President Dmitry Medvedev believes that it is time to recognize the importance of crypto and CBDCs. 4250 Total views 10 Total shares Trust in state-backed digital currencies will be “immeasurably higher” than trust in public cryptocurrencies like Bitcoin (BTC), Russian former Prime Minister Dmitry Medvedev argued. Medvedev, the incumbent deputy […]

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Central Bank of Bahrain and JPMorgan to work on digital currency settlement pilot

May 13, 2021

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The Central Bank of Bahrain expects that its digital currency collaboration with JPMorgan and Bank ABC could extend to a CBDC. 3533 Total views 24 Total shares The government of Bahrain, the third-richest Arab country, is working with American investment bank JPMorgan Chase on a digital currency settlement pilot. The Central Bank of Bahrain officially […]

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Bahamas central bank prepares national Sand Dollar push for summer

May 5, 2021

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The Bahamas is beginning a push for national digital currency adoption this summer, the central bank’s governor, John Rolle, said. 21032 Total views 24 Total shares The Central Bank of the Bahamas is preparing a national push for its digital currency this summer to get more Bahamians signing up for the Sand Dollar. In another […]

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Binance CEO warns of CBDC drawbacks as digital dollar pilots proceed in US

May 4, 2021

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CBDCs will never offer the same freedom of use as cryptocurrencies like Bitcoin, according to Binance CEO Changpeng Zhao. 6514 Total views 29 Total shares Cryptocurrencies like Bitcoin (BTC) and Ether (ETH) will co-exist “for a while” with more restrictive digital currencies like China’s digital yuan, Binance CEO Changpeng Zhao said in a Bloomberg interview on […]

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Norway to start digital currency tests after four years of research

April 23, 2021

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The Norwegian central bank aims to find a preferred CBDC solution through new technical tests. 3706 Total views 25 Total shares The Norwegian central bank, Norges Bank, is set to test various technical solutions for a central bank digital currency following years of research. Norges Bank officially announced Friday that it will be conducting CBDC […]

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China aims to let foreigners use digital yuan at Winter Olympics in 2022

April 19, 2021

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China wants to allow foreign athletes and visitors to use the county’s digital currency during the Beijing Winter Olympics in 2022. 6951 Total views 41 Total shares China’s central bank is looking to enable foreign athletes and visitors to use the country’s digital currency during the Beijing Winter Olympics in 2022, according to a top […]

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European Central Bank releases results of digital euro consultation

April 14, 2021

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Privacy concerns regarding the digital euro abound as the European Central bank tests the waters for a central bank digital currency. 13774 Total views 32 Total shares The European Central Bank has published the results of a public consultation on a potential digital euro as the institution inches closer to deciding whether to formally study such an […]

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