2022-7-18 13:46 |
Digital currencies focused on consumers and regulated could be better when privately issued rather than by central banks, according to Australian central bank governor.
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Australian central bank governor Phillip Lowe said at a G20 event that regulated private tokens could be better than Central Bank Digital Currencies. The post Australian Central Bank Governor Prefers Privately Issued Tokens Over CBDCs appeared first on BeInCrypto.
2022-7-18 21:00 | |
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Financial representatives of 44 countries visited El Salvador and saw firsthand how the country’s Bitcoin adoption is changing it for the better.
2022-5-26 16:26 | |
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People are slowly moving away from fiat money and adopting cryptocurrency. Fiat is not a good option because it is easily counterfeited by central banks and printed unlimitedly. However, cryptocurrencies can’t be printed like fiat money, making it a better alternative to many people worrying about inflation.
2021-11-26 15:29 | |
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Andrew Bailey, the Governor of Bank of England, yet again shared his criticism of stablecoins as he said that he did not believe that stablecoins are likely to evolve into safe, regulated money, which means central bank digital currencies (CBDCs) will more likely be the future for electronic payments.
2021-11-25 17:57 | |
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Israel is experimenting with its own digital currencies, having kickstarted a trial. The country is leaning on Ethereum to gain a better understanding of the underlying technology behind CBDCs. Central Banks around the world are working to develop their versions of digital currencies to stifle the influence of cryptocurrencies. The State of Israel is not […]
2021-10-28 22:05 | |
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Roberto Campos Neto, President of the Central Bank of Brazil (BCB), has called for constructive crypto regulations that consider investors’ need for digital assets. A report unveiled this news on August 19, citing Neto’s speech during a Council of Americas-organized event.
2021-8-21 18:09 | |
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The US central bank has made no decision regarding the timing of the tapering; as such, the market has now shifted its focus on the Jackson Hole conference of central bankers in late August. The post Bitcoin Chills Around k as USD Slides After Fed Says It Has A Ways to Go Before Tapering Ends; GDP Rises Slightly, Better than Q1 first appeared on BitcoinExchangeGuide.
2021-7-29 17:11 | |
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The French central bank, Banque de France (BOF), recently carried out its fifth experiment on the Central Bank of Tunisia (CBT)’s central bank digital currency (CBDC). According to a statement from BOF, the latest experiment is part of the banks’ joint effort to create conditions that are “conducive to a better inclusion of the Tunisian […]
2021-7-24 00:30 | |
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Federal Reserve Chairman Jerome Powell on Wednesday came out strongly supporting a digital dollar, saying it could undercut the need for cryptocurrencies and stablecoins. When asked during the congressional hearing if having a digital currency issued by the central bank would be a more viable alternative than cryptos in the payments system, Powell agreed and […] The post You Wouldn’t Need Crypto If You Have CBDC; ECB & Fed Selling Their Digital Fiat As Better Than Bitcoin first appeared on BitcoinExchangeGuide.
2021-7-15 16:35 | |
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For a network that allows final settlement of sound money, there’s no better marketing tool than a central bank balance sheet. That’s the reason for this popular saying in the Bitcoin community: Central bank policies are Bitcoin’s ad campaign.
2021-7-13 19:11 | |
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European Central Bank (ECB) executive, Fabio Panetta has argued that the creation of a digital euro would help the apex bank protect its monetary sovereignty against threats from competing cryptocurrencies, while also offering users better privacy protection, according to a Financial Times report on June 21, 2021.
2021-6-22 15:00 | |
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A member of the European Central Bank's (ECB) said in an interview that the digital euro is more capable of protecting privacy than private alternatives because it will not focus on the commercialization of data.
2021-6-21 09:34 | |
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In early April 2021, the Central Bank of Nigeria (CBN) issued a circular warning Nigerian institutions to stop the practice of rejecting old or lower denomination USD notes. The CBN issued the warning after it became “inundated with complaints from members of the public on the rejection of such notes by banks and other authorized […]
2021-5-3 11:30 | |
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After a few weeks of placing a ban on cryptocurrency trading in the country, the Central Bank of Nigeria has agreed to partner with the country’s SEC to study cryptocurrencies further for a better regulation strategy.
2021-2-23 22:42 | |
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The Canadian central bank would be a better steward of financial data than private stablecoin issuers, according to one deputy governor.
2021-2-10 20:11 | |
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The job listing follows comments made by Fed Chair Jerome Powell in recent weeks where he said the central bank needed “better regulatory answers” for global stablecoins.
2021-1-30 01:10 | |
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Christine Lagarde, the President of the European Central Bank (ECB), has said that there was a need for global regulation of bitcoin, as a unified cryptocurrency regulation would serve as a better alternative to cover any loopholes.
2021-1-14 00:00 | |
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Many central banks around the world are now engaged in some type of CBDC exploration. Time and again, they have claimed that digital currencies could provide far better oversight into monetary movemenThe post Will demand for Monero, other privacy coins increase as CBDCs become 2021's reality? appeared first on AMBCrypto.
2021-1-1 23:00 | |
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The rise of CBDCs In the past few years, there were only rumors about central bank digital currencies (CBDCs). Issued and controlled by the state, a CBDC refers to the digital version of the national currency that has the potential to replace cash.
2020-12-29 17:39 | |
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Central bankers and finance ministers around the world have agreed on strong regulation of the cryptocurrency market in the recently concluded G7 meeting. According to the U. S. Treasury Department, the virtual meeting saw world G7 officials support the control and regulation of cryptocurrencies, and some countries will start implementing theirs soon.
2020-12-9 11:34 | |
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The Bank for International Settlements is the latest major financial organization looking to implement industry-standard regulations in the stablecoins arena. Meanwhile, several nations are also working towards creating their own central bank digital currencies (CBDCs) which are seen by some commentators as being driven by private stablecoin projects like Facebook’s Libra.
2020-11-26 02:01 | |
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Economists at the Federal Reserve Bank of New York suggest that privacy concerns at “Big Tech” firms like Facebook—which are developing their own digital currencies—could help position Central Bank Digital Currencies (CBDCs) as a better alternative.
2020-11-25 00:00 | |
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The research paper titled, “Monetizing Privacy,” by Rodney Garratt Professor of Economics at the University of California, Santa Barbara (UCSB) and Michael Lee, an economist at Federal Reserve Banks – Federal Reserve Bank of New York, states that central bank digital currency (CBDCs) will outperform the private company-based stablecoins such as Libra in protecting the […] The post CBDC’s Offer Better Privacy Propositions Than Big Tech Digital Currencies: New York Fed first appeared on BitcoinExchangeGuide.
2020-11-25 22:43 | |
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After proposing automated ways to monitor global stablecoins like Libra, a new report from BIS argues that a better solution may ultimately be central bank digital currencies.
2020-11-25 13:08 | |
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As part of the OMFIF Digital Monetary Institute debate on how blockchain and distributed ledger technology (DLT) benefit central banks’ plans of rolling out digital currencies, a virtual discussion will be held on August 19, bringing together board members and specialists of several central banks according to a notification on Aug 18.
2020-8-19 01:00 | |
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Acting Comptroller of the Currency Brian Brooks points to existing stablecoin projects as an example for U.S. payments infrastructure.
2020-7-30 21:54 | |
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Many of the debates around block size in Bitcoin operate under the false premise that the question can even be properly answered by a central authority. But markets are better at deciding these questions and block sizes and fee costs should be worked out by miners and users, not development committees.
2020-1-24 11:30 | |
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The Reserve Bank of Australia (RBA) — the country’s central bank says adoption of state-backed digital currency for interbank settlement could provide certain advantages like cost savings and better financial inclusion.
2020-1-16 15:00 | |
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Commercial banks should work out their own transfer systems as an alternative to Facebook’s Libra, urged Jens Weidmann, President of Bundesbank and member of the Governing Council of the European Central Bank (ECB).
2020-1-4 19:52 | |
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Regardless of crypto market price action, some countries have had a better 2019 than others. India has been on the back foot for most of it as the central bank and regulators procrastinated with the new technology and stifled further innovation.
2019-12-9 12:30 | |
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Special thanks to Justin Drake and Jinglan Wang for feedback In 2014, I made a post and a presentation with a list of hard problems in math, computer science and economics that I thought were important for the cryptocurrency space (as I then called it) to be able to reach maturity.
2019-11-25 04:03 | |
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The People’s Bank of China (PBoC) wants to create a better standard for regulating new technologies in the financial industry. According to Xinhua News Agency, the regulations will apply to 17 different categories in the fintech industry, including blockchain, AI, and cloud services.
2019-11-21 17:50 | |
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The People’s Bank of China (PBoC) has an agenda to set industry standards across the financial sector, including blockchain, a senior official from the bank said on Wednesday. Speaking at a meeting of the National Technical Committee, PBoC vice president Yifei Fan said the bank aims to better regulate new technologies applied across the financial […]
2019-11-22 09:00 | |
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A former head of China’s central bank has come out to say that Facebook’s Libra would be better served under the control of the International Monetary Fund (IMF). Facebook’s proposed digital payment platform continues to draw criticism from financial regulators around the world.
2019-11-8 14:10 | |
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Bitcoin has not had the best of weeks so far but its 8% slide is just a blip compared to what the US Federal Reserve has been doing recently. The central bank has ramped up its bailout or ‘repo’ scheme by injecting more money into the financial system.
2019-10-25 12:00 | |
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China’s emerging social credit system (SCS): rarely has a topic been more hotly discussed, and more poorly understood. When most people think about the SCS, they imagine it primarily as a scoring mechanism, a way for the central government to rank China’s citizens and companies based on their behavior.
2019-10-15 16:55 | |
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Bitcoin (BTC) is running into its eleventh year, while Facebook’s Libra is facing renewed difficulties, with some of the founding members of the Libra Association rescinding their positions. Libra Beleagured by Hawkish Regulators Libra set a goal to launch in early 2020, but regulatory disapproval and hawkish comments from central banks shook confidence in the project.
2019-10-12 15:00 | |
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Facebook executive David Marcus defended the Libra cryptocurrency ahead of his meeting with the representatives of global bankers in Basel on Monday. The co-creator said Libra is not going to challenge or undermine the sovereignty enjoyed by nations, adding that the cryptocurrency merely wants to become a “better payment network” and deliver meaningful financial services.
2019-9-16 18:00 | |
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Coinspeaker PBoC Says China’s New Digital Currency Will be Better than Facebook’s LibraChina’s proposed new digital currency would be better than Facebook’s Libra coin and would be able to be used across major payment platforms such as WeChat and Alipay, a senior central bank official said.
2019-9-6 13:58 | |
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The European Central Bank has issued a new report revealing plans to use more granular blockchain data to better monitor the crypto markets.
2019-8-8 14:40 | |
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Bitcoin can be many things depending on the situation. For many it is a store of value, for some, it is a trading vehicle, but for Venezuelans, BTC is the most reliable hedge against the rampant hyperinflation the Latin nation is suffering.
2019-7-2 09:12 | |
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Special thanks to Jinglan Wang for review and feedback One question that often comes up is: how exactly is sharding different from sidechains or Plasma? All three architectures seem to involve a hub-and-spoke architecture with a central “main chain” that serves as the consensus backbone of the system, and a set of “child” chains containing actual user-level transactions.
2019-6-14 04:03 | |
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Economists have been predicting a worldwide recession which could pose a risk to financial stability throughout various countries. Fear of an economic downturn has caused the central bank of Australia to cut interests rates on Tuesday and both the U.
2019-6-6 21:52 | |
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Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services. These and many more such statements exist across the internet.
2019-6-1 21:48 | |
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NASSCOM: Including crypto would help RBI develop a better understanding of risks Payments Council of India says crypto should be a part of the sandbox as there is no outright bank Technology industry lobby groups along with startup founders are asking the banking regulator, Reserve bank of India to include cryptocurrency in its proposed regulatory […]
2019-5-16 20:28 | |
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It looks as if cryptocurrency service providers will have to adopt stricter know-your-customer (KYC) policies all across the world — and not everyone is happy about that.
2019-5-13 21:33 | |
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By buying $27.7 billion worth of Gold in 2018, central banks are ramping up, cushioning themselves. Even so, Bitcoin (BTC) is a better, safer alternative. The post Central Banks’ Gold Purchases Shot 75 Percent Buying 33 Percent of Bitcoin (BTC) Market Cap appeared first on Ethereum World News.
2019-4-30 13:32 | |
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Central Bank Of Russia Analyses Benefits And Drawbacks Of Issuing A CBDC The Central Bank of Russia is analyzing the positive and negative effects of issuing a central bank digital currency (CBDC). The information was released by the institution on April 18.
2019-4-20 22:08 | |
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Just recently, the European Central Bank (ECB) boosted awareness on Twitter as to why cryptocurrency is better than fiat… The post European Central Bank Tweets: “As a Central Bank, We Can Create Money To Buy Assets” – Community Compares It To Bitconnect appeared first on Invest In Blockchain.
2019-3-15 01:59 | |
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The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.
Standard Chartered chose Dubai to launch crypto services from. However, reading between the lines, almost anywhere is preferable to the U.S. – that’s the message coming from banks and large institutions.
The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.
Two years earlier, the exchange was warned by Japanese regulators that it was operating in the country without permission.