Digital Currency | Crypto Profit Bot

IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments

June 8, 2022

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In addition to eco-friendly components, the IMF recommended central banks to include other features in the CBDCs, such as compliance, higher resilience and offline capabilities. 40 Total views 12 Total shares An International Monetary Fund (IMF) study on energy consumption revealed the importance of design choices within the crypto ecosystem to build an environmentally friendly […]

Residents of 3 Chinese cities paying taxes and charges with digital yuan

April 29, 2022

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China has expanded its central bank digital currency pilot program to include the payment of tax, stamp duty and social security. 742 Total views 30 Total shares Residents in three major Chinese cities have begun paying tax, stamp duty and social security premiums using the country’s central bank digital currency — the digital yuan (e-CNY). […]

Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper

April 28, 2022

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Hong Kong’s financial watchdog says it is concerned over the rising popularity of stablecoins, as it invites the public to give their say on the merits and challenges of e-HKD. 777 Total views 36 Total shares The Hong Kong Monetary Authority (HKMA) has warned that stablecoins could undermine the Hong Kong dollar in a just […]

European Commission opens new consultation on digital euro

April 5, 2022

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The commission will consult with industry specialists on issues concerning the digital euro including international payments, privacy and the impact on financial stability. 1463 Total views 26 Total shares The European Commission is calling for financial services specialists to weigh in on the potential rollout of a digital euro. In a Tuesday notice, the European […]

More than three-quarters of central banks considering a CBDC: research

April 5, 2022

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The report by PwC shows that 80% of central banks are considering or have already launched a CBDC. 619 Total views 62 Total shares More than 80% of central banks are interested in launching a Central Bank Digital Currency (CBDC) or have already done so according to research conducted by accounting firm PwC. The second […]

Ted Cruz introduces companion to Emmer’s bill to exclude Fed retail CBDC digital currency issue

March 30, 2022

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Cruz lends his support to a bill that would keep the U.S. off “an insidious path akin to China’s.” 2237 Total views 21 Total shares Texas Sen. Ted Cruz introduced companion legislation into the U.S. Senate on Wednesday for Minnesota Rep. Tom Emmer’s bill prohibiting the Federal Reserve from issuing central bank digital currency, or […]

ECB official suggests importance of physical stores accepting digital euro

March 30, 2022

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Findings from the ECB’s focus groups said the public was more likely to accept a digital euro that is accepted in physical and online stores and allows easy person-to-person payments. 1006 Total views 16 Total shares Fabio Panetta, an executive board member of the European Central Bank, said focus groups exploring the potential rollout of […]

White House office seeks public opinion on crypto-climate implications

March 26, 2022

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Following up on a recent executive order signed by President Joe Biden, the OSTP reached out to the general public to identify the energy and climate implications related to digital assets. 1941 Total views 27 Total shares The Office of Science and Technology Policy (OSTP), an Executive Office of the President of the United States, […]

How blockchain intelligence can prevent Russia from evading sanctions

March 17, 2022

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Head of international policy at Chainalysis explains why crypto is not a silver bullet for evading international sanctions. 1472 Total views 52 Total shares As pointed out by Caroline Malcolm, head of international policy at Chainalysis, the transparent nature of blockchain technology makes it relatively easy for crypto intelligence companies to track funds related to […]

Which DAOs have the most potential in 2022? | Watch The Market Report live

March 1, 2022

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On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss which DAO has the most potential in 2022. 1948 Total views 34 Total shares “The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss which decentralized autonomous organizations (DAOs) have the most potential in 2022. But […]

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Category: Digital Currency