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BIS Head Urges Cooperation in Creating Interoperable CBDC Ruleset Between Nations
The Bank for International Settlements' (BIS) Chief, Augustin Carstens, has called for nations to collaborate on creating interoperable rules for central bank digital currencies (CBDCs), emphasizing privacy and integrity. дальше »
2023-9-27 13:45 | |
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Bahamas, Jamaica, and Nigeria pioneer CBDC adoption
As 130 economies explore CBDCs, the Bahamas, Jamaica, and Nigeria have fully launched their versions, while G20 nations proceed cautiously. According to the Atlantic Council Central Bank Digital Currencies (CBDC) Tracker updated on Aug. 16, only three countries have fully… дальше »
2023-8-29 13:26 | |
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Mastercard Deepens Tie to CBDCs as Nations Mull Issuing Digital Currencies
Payments giant Mastercard has created a forum where crypto industry players can discuss and collaborate on central bank digital currencies, injecting its influential voice into the CBDC conversation as nations around the world consider whether to digitize their money. дальше »
2023-8-17 20:41 | |
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Singapore introduces visionary regulatory framework to boost stablecoins’ stability
The Monetary Authority of Singapore (MAS) unveiled an innovative regulatory framework to boost the stability of the nation’s certified stablecoins on 15 August. The central bank revealed that the new regulations would apply to issuers of single-currency stablecoins tied to the Singapore Dollar or fiat of G10 nations, with circulation surpassing $5 million. дальше »
2023-8-15 11:02 | |
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Central Bank Digital Currencies (CBDCs): Africa’s Bold Tryst with the Future
Africa's adoption of CBDCs isn't just a trend; it's a transformative push towards financial inclusion. As nations like Nigeria and Ghana lead, they're setting global standards in the evolution of digital currency. дальше »
2023-7-20 01:30 | |
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Crypto Oversight: G20 Recommends Regulating Digital Assets, Stablecoins
The G20 nations have witnessed a significant development in global regulation for cryptocurrencies. On Monday, the Financial Stability Board, an international body supported by the Bank for International Settlements and consisting of representatives from all G20 economies, unveiled a comprehensive regulatory framework, marking a noteworthy milestone in the regulation of cryptocurrencies worldwide. Although lacking formal […] дальше »
2023-7-18 16:20 | |
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European Nations Synchronize for the Digital Euro Launch
This article illuminates Europe's stride towards digital finance, specifically Central Bank Digital Currencies (CBDCs). It explores various countries' stances, revealing a unified approach to this monetary revolution. дальше »
2023-7-4 20:02 | |
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The Adoption of Cryptocurrencies in Arab Nations: Examining Saudi Arabia’s Recent Move
As governments look for alternatives to established financial institutions in an interconnected world, the rise and use of cryptocurrencies have accelerated. According to recent reports, Saudi Arabia, a significant Arab country, is seeking to join the BRICS New Development Bank (NDB). дальше »
2023-6-6 10:37 | |
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G7 nations reportedly want tighter rules for cryptocurrencies
The G7 nations are reportedly going to push for tougher crypto regulation at this year's summit. Finance ministers and central bank governors of G20 will reportedly discuss crypto assets duringThe post G7 nations reportedly want tighter rules for cryptocurrencies appeared first on AMBCrypto. дальше »
2023-3-27 16:00 | |
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Japan to conduct a pilot program for circulating digital yen
Japan’s central bank announced on Feb. 17 that a pilot program to evaluate the usage of a digital yen would begin in April. The country joins a growing list of nations attempting to overtake leading China. The widely anticipated action… дальше »
2023-2-17 13:43 | |
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Russia’s Largest Bank to Launch Ethereum-Compatible DeFi Platform
Russias various financial institutions and banking entities dont always see eye-to-eye on the subject of cryptocurrencies. Sberbank, the nations largest bank, is one of the biggest proponents of the technology,... дальше »
2023-2-4 21:08 | |
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German Online Bank N26 Announces Crypto Trading Expansion to 5 More European Nations
Coinspeaker German Online Bank N26 Announces Crypto Trading Expansion to 5 More European Nations N26 recently launched N26 Crypto, a new digital currency trading initiative it hopes would gain traction across the West. дальше »
2023-1-17 16:18 | |
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Bank of England to Backtrack on Digital Pound as Digital Euro Receives Major Boost
Coinspeaker Bank of England to Backtrack on Digital Pound as Digital Euro Receives Major Boost Several nations trying to adopt CBDCs have maintained that digital currencies should only complement cash rather than outrightly replace them. дальше »
2023-1-17 14:12 | |
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French Central Bank Governor Calls for Stricter Crypto Regulations Ahead of MiCA Vote
Bank of France Governor Francois Villeroy de Galhau has called for tougher regulatory requirements for crypto firms even as European Union Nations chart a path forward for an all-around regulation. дальше »
2023-1-7 23:31 | |
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The Central Bank of Brazil is planning to launch a CBDC in this year
Nations around the globe are scrambling to explore how blockchain technology can be employed to help their economies. The growing adoption of cryptocurrencies has prompted several central banks to looThe post The Central Bank of Brazil is planning to launch a CBDC in this year appeared first on AMBCrypto. дальше »
2022-12-15 16:43 | |
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Brazil Central Bank plans to launch CBDC in 2024
Brazil Central Bank is planning to launch a CBDC in 2024. According to the president of the central bank, digital assets could drive participation. Brazil will join the likes of China, the Bahamas, and Nigeria as nations with individual CBDCs. дальше »
2022-12-15 16:04 | |
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Guiding the Chinese Central Bank Digital Currency the World Admires and Fears
Many nations, especially the economic superpowers, began the year in fear of being left behind by China’s relentless progress with its digital yuan. For leading the development of the most advanced major CBDC, Mu Changchun is one of CoinDesk’s Most Influential 2022. дальше »
2022-12-6 16:25 | |
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Structural Adjustment: How The IMF And World Bank Repress Poor Countries And Funnel Their Resources To Rich Ones
The IMF and World Bank do not seek to fix poverty, but only to enrich creditor nations. Could Bitcoin create a better global economic system for the developing world? дальше »
2022-12-5 16:00 | |
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How Is Crypto Taxed In Germany? Is It Really Crypto-Tax Free Country?
Intro Germany is one of the most crypto-friendly countries in the world, especially compared to other European nations. The concept of crypto is a digital representation of value that is not created nor guaranteed by a central bank or other public institution. дальше »
2022-11-5 17:54 | |
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Russia Plans To Roll-Out Its First Ever CBDC Soon
As more expansions and innovations in cryptocurrency emerge, many nations are utilizing its unlimited possibilities hence, the development and exploration of central bank digital currency (CBDC) are increasing in several countries. дальше »
2022-9-29 17:10 | |
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Board urges Bank of Central African States to introduce common digital currency: Report
The Central African Republic, one of the nations served by the Bank of Central African States, passed legislation adopting Bitcoin as legal tender in April. дальше »
2022-7-23 00:27 | |
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G20 Nations Affirm Need for Cross-Border Coordination and Stablecoin Regulation
Finance ministers and central bank governors from G20 nations spoke about the need for cooperation and stablecoin regulation at a recent meeting. The post G20 Nations Affirm Need for Cross-Border Coordination and Stablecoin Regulation appeared first on BeInCrypto. дальше »
2022-7-18 10:24 | |
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Bank of Japan official calls for G7 nations to adopt common crypto regulations
The Bank of Japan has warned G7 nations that a common regulatory framework for cryptocurrencies needs to be introduced quickly, as current rules do not take into account the potential for digital assets to be used to skirt sanctions. дальше »
2022-4-1 04:33 | |
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Bnext Spain's prominent neo bank will issue its B3X token on 1 March
Bnext is the biggest Spanish neobank with a vision to become a leading financial technology platform in Spanish-speaking nations through its growing ecosystem of innovative financial products. The 1stThe post Bnext Spain's prominent neo bank will issue its B3X token on 1 March appeared first on AMBCrypto. дальше »
2022-2-25 17:00 | |
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Governor Of Hungary’s Central Bank Has Just Proposed EU-Wide Ban On Bitcoin
Several nations have already outlawed cryptocurrencies like bitcoin, with China being the most high-profile example. The People’s Republic of China infamously declared all virtual currency-related activities illegal last year. дальше »
2022-2-11 21:39 | |
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Australia Reserve Bank, partners announce 'successful completion' of CBDC research project
China's rapid-fire progress with its digital yuan CBDC, spurred rival nations into action. However, it turns out that some of them - like Banque de France - have been carrying out research pThe post Australia Reserve Bank, partners announce 'successful completion' of CBDC research project appeared first on AMBCrypto. дальше »
2021-12-9 04:30 | |
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Eastern Caribbean CBDC Rolls Out to Two More Nations
The Eastern Caribbean Central Bank (ECCB) expanded its CBDC (DCash) to two more nations of the commonwealth: Dominica and Montserrat. Now, the digital version of the EC dollar has been rolled out in seven out of all eight-member from ECCU countries. дальше »
2021-12-8 22:00 | |
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What concerns the Bank of Spain regarding Bitcoin and El Salvador
Bitcoin is not a new name for most nations by now. Owing to the popularity of Bitcoin, cryptocurrencies have also become quite popular and many countries were now moving to either regulate it or just The post What concerns the Bank of Spain regarding Bitcoin and El Salvador appeared first on AMBCrypto. дальше »
2021-10-15 02:30 | |
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CBDCs are Designed to be Very Stable; Majority of Central Banks Exploring CBDCs: IMF
“About 80-100 Central Banks around the world, including G20 nations, are exploring the Central Bank Digital Currency (CBDC) and are in some sort of pilot... дальше »
2021-10-4 12:27 | |
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New Zealand is in no hurry to launch a CBDC, but won't miss out on it
Nigeria might soon become one of the first countries to launch its central bank digital currency [CBDC], eNaira, on 1 October. Needless to say, this has pushed other nations to consider a national CBDThe post New Zealand is in no hurry to launch a CBDC, but won't miss out on it appeared first on AMBCrypto. дальше »
2021-9-30 20:30 | |
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China's e-CNY test runs show progress, but 'some problems still need to be solved'
Even as developed nations around the world continue to advance to different stages of developing their CBDCs, China seems to be well ahead of the others. However, a People's Bank of China (PBOC) officThe post China's e-CNY test runs show progress, but 'some problems still need to be solved' appeared first on AMBCrypto. дальше »
2021-9-13 17:34 | |
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Nigeria's central bank advocates e-Naira as a 'safer alternative' to Bitcoin
The Central Bank of Nigeria [CBN] is not a fan of Bitcoin. And, this isn't a fact it has tried to hide either. Although Nigeria is among the top African nations using Bitcoin to transact, the central The post Nigeria's central bank advocates e-Naira as a 'safer alternative' to Bitcoin appeared first on AMBCrypto. дальше »
2021-9-11 03:30 | |
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ACE Exchange Tackles Cryptocurrency Money Laundering With KPMG, KGI Bank and CYBAVO
As nations around the world step up trying to take control over cryptocurrencies to prevent financial crimes, ACE Exchange, a leading cryptocurrency exchange based in... дальше »
2021-9-4 18:40 | |
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Four nations’ central banks join forces to work on a brand new CBDC platform
The central bank digital currency (CBDC) race is still one of the biggest talks of the financial world — so much so that central banks of multiple countries have recently teamed up to work on a joint CBDC. дальше »
2021-9-2 13:23 | |
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Venezuela announces digital Bolivar for October
Central Bank Digital Currencies [CBDCs] are turning out to be all the rage across many governments, with many nations actively developing their own. Venezuela, for instance, is in the news today afterThe post Venezuela announces digital Bolivar for October appeared first on AMBCrypto. дальше »
2021-8-6 19:30 | |
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BIS Unveils Blueprint for Instant Cross Border Payments System
The Bank of International Settlements (BIS) has released the blueprint of its instant cross-border payments solution dubbed Nexus. The BIS Innovation Hub says the Nexus solution will connect with Instant Payment Systems (IPSs) across nations to offer users superfast cross-border payments. дальше »
2021-7-30 23:00 | |
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Indonesia: Central bank gov. warns banks against 'not legitimate' cryptocurrencies
With people from the crypto-community rejoicing over El Salvador’s official Bitcoin adoption, skepticism from other nations has managed to re-surface, with Indonesia being the latest to voice concerThe post Indonesia: Central bank gov. дальше »
2021-6-16 20:30 | |
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Bank of Japan's Governor is the latest to say this about Bitcoin
A host of nations have been testing their own native CBDCs in full swing over the past few months now. However, to date, no country has officially adopted the same. Countries including the likes of ChThe post Bank of Japan's Governor is the latest to say this about Bitcoin appeared first on AMBCrypto. дальше »
2021-5-29 00:30 | |
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Sweden’s central bank concludes first phase of digital currency test
Sweden was one of the first nations worldwide to test the CBDC waters. In 2019, it announced a pilot platform for its e-krona, with the country coming a long way since. In fact, Sweden has now publishThe post Sweden’s central bank concludes first phase of digital currency test appeared first on AMBCrypto. дальше »
2021-4-7 18:00 | |
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Eastern Carribean Central Bank Launches First Union-Backed CBDC
On Wednesday, the Eastern Carribean Central Bank (ECCB) officially launched DCash, its central bank digital currency (CBDC). DCash is a digital version of the Eastern Carribean dollar — which is the official currency for eight Carribean nations. дальше »
2021-4-1 13:50 | |
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China Sets the Stage for Central Bank Digital Currencies, Proposing Global Rules for Nations
China recently proposed a set of global guidelines on central bank digital currencies (CBDC) earlier this Thursday, discussing potential uses and implications of a sovereign digital currency. With the coronavirus pandemic exposing inefficiencies in traditional payment systems, there has been a growing need to digitize legacy financial infrastructure. дальше »
2021-3-26 11:28 | |
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BIS Says CBDCs Likely Better than Private Stablecoins Like Libra
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. дальше »
2020-11-26 02:01 | |
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Bank of Russia Is Studying Pros & Cons of a Digital Ruble; May Start Developing CBDC In 2021
According to Izvestia, a Russian finance news site, the Ministry of Finance and Bank of Russia investigate other nations’ efforts in releasing a central bank digital currency (CBDC). The post, published on Monday, highlights some of Russia's advantages of launching its own digital ruble, including reducing the cost of transactions, more opportunities for cross-border payments, […] The post Bank of Russia Is Studying Pros & Cons of a Digital Ruble; May Start Developing CBDC In 2021 first appeared on BitcoinExchangeGuide. дальше »
2020-10-21 20:41 | |
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Japan’s central bank to start CBDC tests next year
Central bank digital currency (CBDC) development has seen a lot of progress in 2020, as central banks of most advanced nations rushed to develop their own coins. Many have already started testing, with China still being in the lead. дальше »
2020-10-10 11:59 | |
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China CBDC Trials: Over $160M in Total Payments From 3M Transactions
China’s ongoing central bank digital currency (CBDC) trials have crossed the 1 billion yuan (~$160 million) milestone. With China pulling ahead in the CBDC race, other nations are reportedly considering floating their own sovereign digital currencies. дальше »
2020-10-7 22:30 | |
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Reserve Bank of Australia Sees No Rush in Launching A CBDC; Aussie Banknotes Are Working
As other nations are rushing to launch central bank backed digital currency dubbed CBDC, Australia is not joining the bandwagon. As per the Australian local news platforms, the Reserve Bank of Australia recent payments paper indicates that the bank is taking a cautious stand when it comes to CBDCs and privately issued stablecoins. дальше »
2020-9-18 00:59 | |
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Cambodia’s Project Bakong CBDC Set for Roll Out in the Next Few Months
Cambodia’s central bank is getting set to launch the country’s central bank digital currency (CBDC) in conjunction with almost a dozen commercial banks. APAC nations continue to develop sovereign digital currencies mainly to challenge U. дальше »
2020-7-29 23:00 | |
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