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CBDC a 'high possibility' in South Korea, first test could take place before December
In the crypto sector, South Korea enjoys quite a bit of fame thanks to its "Kimchi Premium" and large alt coin market. However, the country's central bank authorities aren't far behind in crypto innovThe post CBDC a 'high possibility' in South Korea, first test could take place before December appeared first on AMBCrypto. дальше »
2021-10-10 20:00 | |
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Shilling for the Man: Why MSM Hates Crypto
Nearly every day as of late, scary headlines herald the demise of cryptocurrencies while federal governments and regulators all over the world crackdown on the enigmatic digital assets. ‘SEC Working Overtime to Take Control of Crypto Markets’, ‘People’s Bank of China Rules All Crypto-Related Trading Illegal’, ‘Russia’s Central Bank Wants to Slow Down Cryptocurrency Payments’, ‘Indian Authorities Consider Taxing Cryptocurrency Trades’, to name a few. дальше »
2021-10-5 14:01 | |
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New Zealand Considers Issuing Its Own CBDC
On Thursday, the Reserve Bank of New Zealand (RBNZ) announced its consideration to venture into (CBDCs) Central Bank Digital Currencies. CBDCs have taken root in the global economy. The move comes after regulators worldwide move to take hold of the virtual currencies industry. дальше »
2021-10-1 23:00 | |
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Coinbase To Be Acquired By A Big Traditional Bank In The Future, SkyBridge’s Scaramucci Predicts
The head of the New York-based investment firm SkyBridge Capital has said that in the future, traditional banks may be eyeing the leading cryptocurrency exchange firm Coinbase. Scaramucci believes traditional firms will take interest in Coinbase-like ventures Anthony Scaramucci made this known in an interview with Bloomberg, in which he predicted that one of the […] дальше »
2021-9-30 18:58 | |
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Nelson Saiers’ Inflatable Bitcoin Rat Is Back To Take On The Fed
In October 2018, a massive inflatable Bitcoin rat was erected outside of the United States Federal Reserve building by artist Nelson Saiers. Now, the former Managing Director for Deutsche Bank AG and hedge fund manager turned mathematical artist is back at it, as the Fed is up to no good once again. Here is a […] дальше »
2021-9-20 20:07 | |
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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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Samsung Becomes Latest Firm to Join Bank of Korea (BOK) CBDC Pilot Project
Tech giant Samsung has revealed that it will take part in the central bank digital currency pilot project by the Bank of Korea. Samsung Joins BOK Digital Currency Pilot Project This latest development was revealed by the local news outlet The Korea Times on August 12, 2021. дальше »
2021-8-13 23:00 | |
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“Tax Private Stablecoins Out Of Existence,” Proposes Latest Fed Paper Ahead Of Treasury Secretary Meeting
Written by a Professor of Finance from Yale School of Management and an attorney at the Federal Reserve System, wants regulators to take a lesson from history, the Free Banking Era because the central bank must have a “monopoly on money issuance. дальше »
2021-7-20 16:07 | |
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Bank Of England Warns Increased Risk-Taking Has Manifested In The Price Volatility Of Bitcoin, Ethereum
The rapid price appreciation of Bitcoin, Ethereum, and other crypto-assets is enough evidence that many investors are willing to take more investment risks. Bank of England published a report on the country’s financial stability noting that the increased risk appetite in crypto assets has also caused their high volatility. The fact that many institutions want […] дальше »
2021-7-15 17:37 | |
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Crypto and Online Casino: Why the “Marriage” Will Last
Imagine a world where transactions would take several painful days to clear. Bank settlements before RTGS were inconveniencing, forcing innovation. Now we have crypto and blockchain. Crypto being public belongs to everyone, and there are no middlemen. дальше »
2021-7-6 14:13 | |
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Japan: CBDC Plans to Take Shape in Late 2022, Says Government Official
Japan’s central bank digital currency plans will reportedly take shape by the end of 2022 as CBDC development across the globe gathers pace. With China leading the charge, other major economies seem to be working towards international collaboration to counter Beijing’s national digital currency ascendency. дальше »
2021-7-5 19:00 | |
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Crypto Market Forecast: Week of June 28th 2021
A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin dips as the People's Bank of China clamps down on speculative crypto trading channels, some whales are willing to take bullish bets, and the Bitcoin hashrate continues to decline. дальше »
2021-6-28 05:00 | |
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Korean Exchanges Delisting Altcoins as Banking Contracts Renewal Looms
In preparation for the go-live of the new crypto exchange law scheduled to take effect in September 2021, South Korean exchanges are actively delisting obscure altcoins from their platforms, as the crypto-supporting lenders including NH Nonghyup Bank, and Shinhan Bank, among others, is now reviewing the operations of these exchanges to ensure they are fullyRead More дальше »
2021-6-22 11:00 | |
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BNY Mellon’s James Taylor Takes Up New Role with Unizen Exchange
James Taylor, one of the leading lights at BNY Mellon, has quit his role at the global bank to take up a new position in crypto. All of Talyor’s business acumen accrued from years on the job will feed into his role with Unizen, where he will assume the newly created post of Chief Business […] дальше »
2021-6-11 15:06 | |
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Stock Seasonality Points South, How Bitcoin Could Take Yet Another Hit
Bitcoin seems to be more correlated with the stock market since the Covid-19 pandemic went global in 2020. The first cryptocurrency by market cap has been rejected for the second time around the $40,000 and now trades slightly south at $39,954, at the time of writing. дальше »
2021-5-28 17:58 | |
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Bank of Japan Commences the First Phase of Virtual Currency Assessments
Japan’s Central Bank has begun its first testing stage involving the use of Central Bank-based Digital Currencies(CBDC), experimenting with functions like distribution and issuance. The first phase will take about one year, primed to end around the third month of 2022. дальше »
2021-4-6 17:00 | |
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The European Union Could See A Digital Euro in 4 Years, or More: ECB President Christine Lagarde
The European Central Bank (ECB) could launch its planned digital Euro in the next four years, ECB President Christine Lagarde stated in an interview with Bloomberg on Wednesday. She believes the digital token research and development needs to take time to constitute a “fundamental change” across Europe’s economy. дальше »
2021-4-2 04:51 | |
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ECB: Digital Euro CBDC Launch Could Take Four Years
The ECB will be releasing the analysis it conducted after over 8,000 responses in a public consultation process on the matter. The decision on whether or not the bank will launch a CBDC could be made in the upcoming months. дальше »
2021-4-1 08:52 | |
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RBI Governor Says Government and Central Bank Agree on Cryptocurrency Approach
RBI Governor Shaktikanta Das says that there is no difference of opinion between the Reserve Bank of India (RBI) and the finance ministry on cryptocurrencies. While the finance minister said that the government will not shut off all options and will take a calibrated position regarding crypto legislation, the central bank has voiced some “major […] дальше »
2021-3-27 13:35 | |
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India's central bank claims govt. shares its 'major concerns' about cryptos
Indian government and regulators have been trying to take a firm position on the use and supply of cryptocurrencies in the country. Even though the Finance Minister of the country, Nirmala Sitharaman,The post India's central bank claims govt. дальше »
2021-3-25 17:15 | |
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Banks Turn Away Customer Deposits due to Negative Interest Rates in Germany
Banks in Germany are reportedly turning customer deposits away due to the negative interest rate imposed on them by the European Central Bank (ECB). Some banks are even offering online tools to help customers take their deposits elsewhere. дальше »
2021-3-4 06:10 | |
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RBI Governor Believes Crypto has ‘Major Concerns’ While Teasing the Launch of a Digital Rupee
In an exclusive interview with CNBC TV18, Shaktikanta Das, the Reserve Bank of India (RBI) governor, said the central bank has “major concerns on cryptocurrencies. ” The central bank has already communicated the government's concerns, who will “take a call,” and if required, Parliament will also decide on regulating crypto. дальше »
2021-2-26 21:24 | |
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Crypto in the Philippines: Necessity is the mother of adoption
"People are just like, 'Whoa, mind blown — this is going to save me half a day because I don't have to go all the way to the bank during business hours and take three journeys on public transport and then wait in line for an hour ... I could do this on my phone.’” дальше »
2021-1-29 09:26 | |
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Japan will have ‘some form’ of digital currency by 2023
Chairman of Japan’s Digital Currency Forum revealed that the consortium hoped to create “some form” of digital currency by 2023. Stressing that Bank of Japan may take “several years” to issuThe post Japan will have ‘some form’ of digital currency by 2023 appeared first on AMBCrypto. дальше »
2020-12-25 22:00 | |
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Russia’s central bank digital currency: Prospects and problems
The digital ruble will, most likely, take the place of other forms of money, but the intrigue is which ones: non-cash or cash?
дальше »2020-12-21 09:13 | |
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Banque du France Reports on CBDC Trials
First Deputy Governor of the Banque du France, Mr. Denis Beau, spoke in particular about the variety of factors to take into consideration while engaging in trials of the digital euro. Removing inefficiencies The French central bank trials focus on the critical areas of transaction clearing and settlement. дальше »
2020-12-13 22:29 | |
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Chinese IT giants take part in digital yuan test
According to The Block, three large Internet companies from the Celestial Empire will join the digital Renminbi (CBDC) testing being developed by the National Bank of the country. The list of companies includes the DiDi passenger transportation service, which has already taken part in the first wave of testing. In addition to the taxi aggregator, […] дальше »
2020-12-12 20:53 | |
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CleanSpark Acquires ATL Data Centers; Now One of the US’ Largest Publicly-Traded BTC Producer
Everyone wants to take a bite of cryptocurrencies. Every day a new big-name announces their digital asset investment. Just this week, Southeast Asia’s biggest bank, DBS Group Holdings, announced its digital exchange and insurance behemoth MassMutual purchased $100 million in Bitcoin in the long line of mainstream herd jumping on the crypto bandwagon. дальше »
2020-12-11 18:27 | |
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JPMorgan: Bitcoin’s Rise Coming at Gold’s Expense; BTC Price Overshot, Bullion Due for Recovery
JPMorgan Chase says the rise of digital assets could make gold suffer. While money poured into Bitcoin in October, gold saw a record amount of outflows. According to the bank’s quantitative strategists, including Nikolaos Panigirtzoglou, this trend is only going to continue in the long run as more institutional investors take a position in the […] The post JPMorgan: Bitcoin’s Rise Coming at Gold’s Expense; BTC Price Overshot, Bullion Due for Recovery first appeared on BitcoinExchangeGuide. дальше »
2020-12-11 00:08 | |
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Singapore Exchange to Take 10% Stake in DBS Crypto Trading Service
Singapore Exchange (SGX) will own a 10% stake in the newly launched crypto exchange service launched by DBS — the country’s largest bank. The news marks a further extension of SGX’s foray into the crypto and blockchain space as one of the more cryptocurrency-friendly stock exchange operators in the world. дальше »
2020-12-10 14:47 | |
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China’s CBDC Could Be the Death Knell for Macau’s High Stakes Gambling Scene
Macau’s gambling industry already affected by the coronavirus could be in for another significant external stress in the form of China’s central bank digital currency (CBDC). The emergence of traceable digital yuan enforced by Beijing on the enclave may likely send shockwaves through the sector, forcing several high-rollers to take their money elsewhere. дальше »
2020-12-3 00:00 | |
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Nearly Two-Thirds of PayPal Users Aim to Use Bitcoin at Merchant Stores: Study Finds
Nearly a fifth of PayPal users are jumping on to the Bitcoin (BTC) train, a Japanese investment bank report, Mizuho Securities, reported. According to the survey carried out by 380 PayPal users, there is an uptake in BTC purchases on the global payments platform as users take advantage of PayPal’s Bitcoin capabilities. дальше »
2020-12-2 21:58 | |
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Libra Association appoints former OCC prosecutor as general counsel
The Libra Association, the body that manages Facebook’s Libra stablecoin project has hired Saumya Bhavsar, an ex-OCC prosecutor and central bank expert. The organization unveiled this news via an official announcement on November 25, noting that Bhavsar will take on the role of general counsel of Libra Networks, a subsidiary of the Libra Association, which operates the blockchain-based Libra payment system. дальше »
2020-11-27 18:05 | |
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At G20 Summit, China Calls For Accepting CBDCs
Chinese Prime Minister Xi Jinping has urged heads of government to take an “open and accommodating” stance toward Central Bank Digital Currencies (CBDCs), as the global economy attempts to recover from the fallout of the COVID-19 pandemic. дальше »
2020-11-22 21:00 | |
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Japan CBDC has various hurdles to clear before launch
The Bank of Japan [BoJ] had prioritized the development of a central bank digital currency [CBDC] in July, however, as per a former executive the issuance may take several years. Hiromi Yamaoka, whThe post Japan CBDC has various hurdles to clear before launch appeared first on AMBCrypto. дальше »
2020-11-18 22:00 | |
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PayPal to Develop Robust Digital Wallet in 2021, Witnesses Surge in Crypto Demand
Following its recent adoption of cryptocurrency, PayPal recently gave details of its crypto and digital wallet plans for 2021, while also stating that central bank digital currencies (CBDCs) may take time, but they are here to stay. дальше »
2020-11-5 15:30 | |
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JPMorgan Does an About Face, Turns Bullish on Bitcoin
Wall Street bank JPMorgan has surprisingly turned bullish on bitcoin’s medium to long-term growth potential. In its latest Flows & Liquidity report, JPMorgan reportedly stated that bitcoin will compete favorably with gold as an alternative currency in the coming years, as millennials take up a larger share of the total investment picture. дальше »
2020-10-24 21:00 | |
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Now, Reserve Bank of New Zealand researching CBDC
Reserve Bank of New Zealand's Assistant Governor, Christian Hawkesby today elaborated on the Bank’s take on its own CBDC. In a speech, he told The Royal Numismatic Society of New Zealand, that New ZThe post Now, Reserve Bank of New Zealand researching CBDC appeared first on AMBCrypto. дальше »
2020-10-19 17:30 | |
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Bank Of England Governor Praises Stablecoins And CBDCs, Throws Jab At Bitcoin
The popularity of Stablecoins and the talk of Central Bank Digital Currencies continue to increase as more mainstream players take notice. Now, these two types of digital assets seem to have won the heart of the Governor of the Bank of England. дальше »
2020-9-4 17:22 | |
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China Construction Bank Disables Chinese DCEP Wallet After Users Notice Feature in Bank App
China Construction Bank, one of the central state-owned banks in China, recently realized that the official wallet for the national CBDC is open for public use within its official banking app. The users could navigate to the wallet by merely entering the national digital currency, which would take the users to the wallet feature where […] The post China Construction Bank Disables Chinese DCEP Wallet After Users Notice Feature in Bank App first appeared on BitcoinExchangeGuide. дальше »
2020-8-31 18:36 | |
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Liechtenstein’s Regulator Declines Binance Applications As Major Shareholder In Bank
Reports from a Swiss news outlet, Inside Paradeplatz, stated that the Liechtenstein Financial Market Authority, FMA, had rejected the Binance exchange application to take over the reigns at Union Bank as a major shareholder. дальше »
2020-8-13 20:22 | |
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Erik Voorhees: Bitcoin And Stablecoins Will Eventually Take The Place Of Gold And Bank Notes
There have been talks of how Bitcoin could soon take over the financial world in a grand measure, and this idea seems to be winning over more people as time goes. So far, Bitcoin has been proven to be a pretty serious contestant against Gold when it comes to the future of reserve currency. Many […] дальше »
2020-8-9 21:20 | |
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Bank of Korea Acquires Samsung-backed Blockchain Authentication Certificate System
South Korea’s central bank has signed a memorandum of understanding (MoU) with the country’s Financial Settlement Service to take over the management of BankSign; a blockchain authentication certificate service. дальше »
2020-7-14 01:07 | |
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