Digital Currency | Crypto Profit Bot

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 […]

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 […]

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 […]

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 […]

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 […]

Indian IT giant Tech Mahindra to launch stablecoin tool for banks

April 6, 2021

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Tech Mahindra wants to provide U.S. banks with a stablecoin solution after the OCC authorized federally chartered banks to use stablecoins for settlement in January. 9758 Total views 25 Total shares Indian multinational technology firm Tech Mahindra is developing a new stablecoin service targeting banks and financial institutions. The tech giant announced Monday that it […]

Digital euro could take four years, says ECB president Christine Lagarde

March 31, 2021

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The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said. 4673 Total views 30 Total shares It could be a while before European Union gets a central bank digital currency, if it gets one at all. In a Wednesday interview with Bloomberg Television, European Central Bank President Christine Lagarde laid out the […]

China’s digital yuan is backup to AliPay and WeChat Pay, says official

March 26, 2021

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Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China. 4501 Total views 25 Total shares China’s central bank digital currency, or CBDC, will provide backup for major retail payment services like AliPay and WeChat Pay as its key objective, according to an official at the People’s Bank […]

Marshall Islands digital currency would ‘raise risks,’ says IMF

March 24, 2021

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Thanks to COVID measures, the local economy may not recover until 2022. 113 Total views 1 Total shares A representative for the International Monetary Fund has said the Marshall Islands’ digital sovereign currency would currently pose a risk to the islands’ financial stability. Following a March consultation, International Monetary Fund, or IMF, representative Yong Sarah […]

Putin issues orders to combat ‘illegal cross-border transfers’ of digital assets

March 17, 2021

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Russia is apparently preparing to scrutinize cross-border cryptocurrency transactions for potential illegal activity. 2527 Total views 17 Total shares Russian President Vladimir Putin has stressed the importance of developing additional measures to fight against illegal cross-border transactions of digital financial assets. Speaking at a board meeting of the General Prosecutor’s office Wednesday, Putin stated that […]

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Category: Digital Currency