2020-6-25 15:00 |
The Bank for International Settlements appeared to contradict its own prior statements in a new digital payments report.
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India's central bank is exploring the development of its own CBDC
2021-1-25 18:45 | |
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The Bank of France could become the very first central bank to launch its own cryptocurrency
2019-12-4 21:46 | |
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According to the Bank for International Settlements report, the growing acceptance of negative interest rates has reached “vaguely troubling” levels. Investors have been now paying for the privilege of lending, support for which came from the top central banks including the US Federal Reserve, the ECB, and China’s PBOC that has the amount of bonds […]
2019-10-18 22:21 | |
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Bank of Canada mulls creating its own centralized coin to collect personal data of citizens and handle the ?direct threat? coming from Bitcoin and other crypto currencies
2019-10-17 17:21 | |
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The Bank of Canada (BoC) is thinking about developing a digital currency that would eventually replace fiat money completely, according to local media platform The Logic. Govt-Backed Digital Currency for More Control Bitcoin came out more than a decade ago as a decentralized, peer-to-peer currency system that enabled privacy and bypassed government control.
2019-10-17 15:00 | |
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The central bank of Canada is considering launching a sovereign digital currency that would eventually replace cash and combat the “direct threat” cryptocurrencies pose to monetary controls, The Logic reported.
2019-10-17 10:00 | |
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The Bank of Canada is among the regulatory authorities around the world looking to launch their own digital currency. A recent internal report presented to its Governor, Stephen Poloz, highlighted some benefits that could come with this innovation.
2019-10-16 18:46 | |
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Virtual assets have come a long way since first being associated with the dark web. Today, there are several countries across the world that are actively contemplating issuing their own digital currencies.
2019-10-16 11:11 | |
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Facebook’s proposed digital currency, Libra, appears to have forced the US Federal Reserve to reconsider the idea of issuing its own purely digital means of payment. The issue is expected to be a hot topic at meetings of the International Monetary Fund and World Bank this week.
2019-10-16 03:18 | |
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From banning Bitcoin [BTC] and other cryptocurrencies to launching its own digital currency, China’s recent developments have prompted policymakers across the globe to take a second look at cryptocurrencies.
2019-10-14 21:33 | |
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Hong Kong sees the benefits of being your own bank with unseizable Bitcoin
2019-10-11 10:33 | |
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While several countries are wading into the cryptocurrency industry by issuing CBDCs and releasing their own national cryptocurrencies, Russia has confirmed that it won’t be following suit. According to Russian state media, Elvira Nabiullina, Head of the Russian Central Bank, asserted at a recent event that the bank seems to find that there is no […] The post Russia’s Central Bank dismisses any need to issue national cryptocurrency appeared first on AMBCrypto.
2019-10-10 14:56 | |
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The Federal Reserve – the US Central Bank – announced the creation of the FedNow interbank payment system. However, according to the bankers themselves, this is a half measure and the next step is to create the own digital currency of Federal Reserve.
2019-10-7 12:31 | |
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Decred is a hybrid proof-of-work/proof-of-stake store of value asset for the digital age. It has strong governance, good security, privacy features, and an innovative incentive alignment. If Bitcoin is about being your own bank, Decred is about being your own bank and getting to have a say in bank policy.
2019-10-7 03:00 | |
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The authorities in India appear to have fallen victim to their own anti-crypto regulations. Money seized from a convicted Bitcoin scammer is currently sitting trapped in a frozen State Bank of India of bank account.
2019-10-4 23:00 | |
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Central bank digital currency has become a hot topic among finance ministers and central bankers worldwide, with some G20 countries ahead of the rest on work done toward issuing their own digital currencies.
2019-10-2 04:35 | |
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Africa is a strange place. It is a place of third-world culture and first world innovations all coming together in a weird melting pot. Relatively recently, this melting pot added cryptocurrencies to the mix.
2019-10-1 16:46 | |
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Mark Cliffe, chief economist of ING bank believe that central banks around the globe would move towards creating their own digital currency. Cliffe was responding to a question on when would a central bank among G20 nations can launch a full-fledged digital currency.
2019-9-28 00:15 | |
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MarkCliffe believes that central banks will begin to create their own cryptocurrencies in two to three years.
2019-9-27 16:59 | |
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Dutch bank ING's chief economist has said Facebook's Libra is pressuring central banks to launch their own digital currencies, and soon.
2019-9-27 15:09 | |
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Peter Wuffli, known as the former CEO of the largest Swiss bank, UBS, has recently affirmed that his new crypto bank called Sygnum could be used to tap into the crypto market more deeply. According to him, there is a $220 billion market to be explored, as many individuals and institutions who already own cryptos […]
2019-9-27 00:02 | |
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The central bank of Venezuela is reportedly looking into whether it can store cryptocurrencies in its coffers, Bloomberg reports citing four anonymous individuals close to the matter. According to the report the bank‘s investigation follows a request by Petroleos de Venezuela SA (PSDV) – the country’s state-owned oil and natural gas company – which is apparently looking to send Bitcoin and Ethereum to the central bank.
2019-9-26 18:52 | |
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Despite reports last month that China was readying itself to deploy its own government digital currency, it now seems the country is not so surefooted regarding the asset’s roll out. In a press conference in Beijing yesterday, The People’s Bank of China’s (PBoC) governor Yi Gang said that there is “no timetable” for the launch of its new digital currency, South China Morning Post reports.
2019-9-25 16:30 | |
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China has confirmed its plans to launch its own central bank-based digital currency but does not have a timeframe right now. This is what the local media outlet Global Times revealed after the local central bank, the People’s Bank of China, commented on the situation of the project. The governor Yi Gang was quoted by […]
2019-9-25 20:15 | |
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Facebook‘s controversial ‘cryptocurrency‘ Libra is facing yet more scrutiny after the governor of Japan’s central bank called for international cooperation to regulate it. According to Reuters, Haruhiko Kuroda, the Bank of Japan‘s governor, told business leaders in Osaka that a joint, international effort was crucial.
2019-9-24 14:27 | |
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The world's fourth-largest bank said cryptocurrency will allow near real-time money movement and cut out settlement middlemen, thus reducing costs from fees. Regarding the technical aspects of this new product, Wells Fargo has built their own blockchain using Corda Enterprise, the enterprise version of R3’s blockchain technology. While we will not see this product in […]
2019-9-21 19:26 | |
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Another one bank has launched corporate cryptocurrency – Wells Fargo, the fourth largest bank in the world and in the United States. Earlier this year, JP Morgan launched its own stablecoin JPM Coin.
2019-9-21 17:15 | |
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JPMorgan made waves in the crypto-market a few months ago after it announced ‘JPM coin. ’ Before the release of its own stablecoin, JPM had introduced Interbank Information Network [IIN] on its blockchain service to create an ecosystem of banks and users, while also promoting emerging technologies like blockchain itself to ease cross-border payments.
2019-9-20 11:33 | |
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Facebook sat down with the United Kingdom's finance ministry, the central bank, and other regulatory officials in what was presumably a pre-emptive move to win favor before announcing its own self-titled cryptocurrency, Libra.
2019-9-20 14:09 | |
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Multinational financial services company Wells Fargo has been accused of hypocrisy over its seemingly confused stance on crypto assets. Whereas the firm has previously stated that it does not allow transactions involving cryptocurrency, it now appears that the financial giant is experimenting with its own digital currency.
2019-9-19 01:00 | |
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Nexxus Rewards Has Real Utility to Deliver Real Profits While Lifting Local Communities. Nexxus Rewards is a production-ready community cooperative solution that creates real utility buyer demand for cryptocurrency to produce real profits for token sale purchasers.
2019-9-18 12:33 | |
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It seems Facebook’s woes are starting to mount as the European Central Bank (ECB) revives plans to create its own digital currency in direct competition to Libra and bitcoin. Yet another Libra challenger steps up to the plate.
2019-9-18 19:59 | |
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USA’s fourth-largest bank has announced it will develop its own cryptocurrency for international transfers in 2020. United States’ 3rd Largest Bank Reveals Wells Fargo Coin In a press release on September 17, Wells Fargo said its new remittance platform would form an international payment network based on what it describes as “distributed ledger technology” (DLT).
2019-9-17 16:32 | |
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Recently, Philippines’ central bank approved two companies to run cryptocurrency exchanges and the country’s boxing champion, Manny Pacquiao released his own tokens. The country is most evidently steering toward increased crypto adoption.
2019-9-17 22:05 | |
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The European Central Bank (ECB) has attacked plans for an Estonian state-operated cryptocurrency. ECB President, Mario Draghi shut down any talk of the proposal by saying about crypto assets: “No member state can introduce its own currency…The currency of the euro zone is the euro.
2019-9-12 16:00 | |
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China is set to launch the world’s first central bank digital currency (CBDC). As the majority of central banks, including in the US and Europe, are tentative over issuing their own CBDCs, the People’s Bank of China (PBoC) has gone all-in on the idea of a digital Yuan and not a crypto asset.
2019-9-12 13:00 | |
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The chair of the U. S. central bank (Fed), Jerome Powell, recently spoke about some of the hottest crypto subjects during a forum sponsored by the Swiss Institute of International Studies. During his presentation, he was asked whether central banks should issue their own centrally-backed cryptos and if they were losing an opportunity for not […]
2019-9-7 03:03 | |
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China's incipient digital currency will apparently "bear similarities" to Facebook's own proposed cryptocurrency and is intended to protect China's 'monetary sovereignty', according to a superior within China's central bank.
2019-9-6 13:40 | |
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China’s incipient digital currency will apparently “bear similarities” to Facebook’s own proposed cryptocurrency and is intended to protect China’s ‘monetary sovereignty’, according to a superior within China’s central bank.
2019-9-8 13:40 | |
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In 2018, the Dutch Bank ING conducted a survey on which about 15,000 respondents across Europe, North America, and Australia provided insights into their thoughts on cryptocurrencies. In Europe, 66% of respondents have heard about cryptocurrency, 9% of respondents owned some crypto, and 25% of respondents planned to own some crypto on the future.
2019-9-4 11:47 | |
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The European Central Bank published a report on stablecoins. The regulator proposed its own classification of stablecoins and provided analytical market data.
2019-9-3 15:00 | |
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Coinspeaker Alibaba, Tencent and Union Pay to Get China’s Digital Currency FirstPeople’s Bank of China is said to be preparing for issuing its own cryptocurrency in the coming days. According to sources, the first beneficiaries of China’s CB/DC are Alibaba, Tencent, Union Pay, and others.
2019-8-28 11:52 | |
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The Chinese central bank is soon to launch its own crypto and allow seven local fintech giants to use it; Arthur Hayes says this will add more exposure to Bitcoin
2019-8-28 11:48 | |
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The Central Bank of Rwanda is currently studying the possibility of creating its own digital currency right now. According to the reports, the bank is currently looking at the studies which are being made in Canada, Singapore, and the Netherlands.
2019-8-23 05:57 | |
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Recently, Ripple’s token XRP got listed on Colodax, the Indian crypto-exchange. Despite no real changes in its own price, the development shed light on the Indian cryptocurrency market, a country where just yesterday, the Reserve Bank of India’s jurisdiction on cryptocurrencies was questioned by the Indian Supreme Court.
2019-8-22 09:10 | |
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Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden.
2019-8-15 09:53 | |
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Last week Reuters reported that several of the world’s biggest banks have invested $50 million to “create a digital cash system to settle financial transactions”. It’s an on-going project, according to the report, involving the likes UBS, Credit Suisse, Barclays, and Deutsche Bank.
2019-8-13 18:00 | |
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Mu Changchun, deputy director of the People's Bank of China (PBoC), has stated that the group is close to finishing up and issuing its own cryptocurrency. However, unlike most blockchain-based cryptocurrencies, the PBoC’s currency is intended to give Beijing more control over its financial system.
2019-8-13 00:45 | |
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The People's Bank of China announced its readiness to launch its own digital currency based on the blockchain technology. But this will not lead to any changes in Beijing's monetary policy.
2019-8-12 13:20 | |
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Opinion: From Brazil to Norway, there is plenty of evidence that governments are planning to use CBDCs to abuse their people.
Unpacking the Incoherence and Hubris of Modern Monetary Theory and Its Intersection with CBDCs and Bitcoin
The Reserve Bank of New Zealand opened a new consultation period on a central bank digital currency (CBDC) on April 17. The current stage of development seeks input on “high-level design options for digital cash.
Swiss National Bank (SNB) Chairman Thomas Jordan said the central bank “sees no need” to issue a central bank digital currency (CBDC) for public use despite the benefits of a wholesale version.
SWIFT said on March 25 that it discovered several applications for its central bank digital currency (CBDC) solution following a successful six-month test. The company did not create its own CBDC but instead developed an interlinking solution for existing CBDCs — dubbed the SWIFT connector.
In a recent meeting with the European Parliament’s Committee on Economic and Monetary Affairs, Piero Cipollone, a member of the ECB Executive Board, discussed the forthcoming digital euro, specifically its privacy features, infrastructure procurement, and operational standards.
Swiss banks, Cantons of Basel-City, and Zurich have successfully issued digital bonds using real CHF wholesale central bank digital currency (wCBDC) on SIX Digital Exchange (SDX). This marks the first-ever issuance of this kind, leveraging the Swiss National Bank’s (SNB) wCBDC.