Category: Digital Currency

Digital Pound Foundation launches to promote CBDC development in the UK

October 14, 2021

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The think tank wants to ensure the United Kingdom keeps pace with the developments in the emerging digital landscape. 390 Total views 13 Total shares The Digital Pound Foundation (DPF), a group of technology, innovation, and regulatory experts, has announced its launch as an independent non-profit organization in the U.K. According to a release issued […]

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BUSD: A case study for stablecoin compliance and security

September 23, 2021

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Stablecoins have emerged as significant players in the crypto market this year, driven by user demand for flexible liquidity in fiat currency times. These currencies are defined as a type of digital currency that can be pegged to underlying real-world assets or backed by them. These assets can be anything from fiat money, commodities like […]

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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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