2021-7-10 14:23 |
A new report released by the triumvirate of global finance argues that central bank digital currencies will benefit worldwide development.
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Central Bank Digital Currencies are a dystopian implementation of money and will only benefit society by encouraging people to adopt bitcoin.
2022-9-13 06:00 | |
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The Bank for International Settlements (BIS) has issued its analysis on Central Bank Digital Currencies (CBDCs). The paper offers useful background information, as well as points to some current strategies for larger economies.
2020-8-25 04:25 | |
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In a new report predicting the decade of the 2020-2030s by Deutsche Bank Research, the bank says that the adoption of digital currencies is inevitable. Governments need to catch up or the backlash against fiat currencies will be too great to handle.
2019-12-7 15:10 | |
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Coinspeaker Adopting Digital Currencies Will Dismiss Cash, Says Bank of JapanRecently an official from the Bank of Japan ruled out the option of using bank-issued digital currencies. By doing so, that may cause the country to abandon physical cash.
2019-7-6 15:40 | |
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The debate on allowing cryptocurrency to be used within Japan has been interesting, to say the least. While the nation has been capitalizing on the benefits that blockchain technology can offer, cryptocurrency has been a vastly different story.
2019-7-6 22:59 | |
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Masayoshi Amamiya, the Deputy Governor of the Bank of Japan (BoJ) dismissed the idea that central banks can boost the effectiveness of negative interest rate policies by issuing digital currencies, on Friday, reported Reuters.
2019-7-5 19:47 | |
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Despite favorable regulation, Bank of Japan Deputy Governor Masayoshi Amamiya stated that digital currencies operators must comply with regulations on money laundering and risk management. The announcement was made in reference to the launch of Libra, the new global cryptocurrency from Facebook.
2019-7-6 19:00 | |
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The deputy governor of the Bank of Japan, Masayoshi Amamiya, has warned that the creation of crypto by central banks could have a negative impact on economies, Reuters reports. According to Amamiya, Central Bank Digital Currencies (CBDCs) had the potential to take away the credit channels of commercial banks if they managed to replace private […] The post Central Bank Crypto Could Damage Entire Economies, Warns Bank of Japan appeared first on CCN Markets
2019-7-6 17:36 | |
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Bank of Japan says digital currencies can’t be issued by banks hoping to push through a negative interest rate agenda
2019-7-6 10:01 | |
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Bank for International Settlements (BIS) chief Agustin Carstens has been a vocal opponent of bitcoin and other cryptocurrencies, making his feelings known in no uncertain terms on many occasions.
2019-7-1 17:30 | |
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The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies.
2019-7-2 11:00 | |
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American banking giant Goldman Sachs might be following in the footsteps of its competitor JP Morgan. The bank is considering launching its own cryptocurrency. In an interview with French financial newspaper Les Echos today, Goldman Sachs CEO David Solomon said that they are doing extensive research on the concept of “tokenization.
2019-6-29 16:09 | |
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Reports circulated yesterday that the Swiss SIX Stock Exchange was encouraging the local central bank to launch a stablecoin that could be used within their country. Between that encouragement and the recent changes to the Libra whitepaper, it is clear that the market desires another stablecoin, and the Dukascopy Swiss bank is listening. According to […]
2019-6-28 00:24 | |
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The risk of easing, apparently, was one of the triggers for the recent bitcoin growth, suggests Deutsche Bank executive. In his opinion, the policy of central banks is too aggressive, and investors are moving to alternative currencies.
2019-6-28 18:54 | |
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Facebook’s entry into the world of cryptocurrencies has been nothing short of sensational, with several crypto-proponents and mainstream players commenting on what could be the next big thing in the world of digital assets.
2019-6-26 19:30 | |
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Remember JP Morgan? The billion-dollar investment bank that made a remarkable U-turn, from engaging in Bitcoin bashing to introducing its own digital asset in early 2019? Well, the bank has once again stoked the cryptocurrency realm, or at least, institutions that are interested in virtual currencies.
2019-6-25 16:30 | |
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With the crypto community trying to drive massive crypto adoption, the central banks might just be thinking of launching wholesale Central Bank Digital Currency [w-CBDC]. ING Vysya, a privately owned Indian multinational bank released an article that talked about the new money and that central banks might partner with financial institutions to introduce digital currencies […] The post Wholesale Central Bank Digital Currency may enter the market in 5-10 years, but crypto is already here appeared first on AMBCrypto.
2019-6-22 04:30 | |
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Cryptocurrency is expanding to regions around the world, though every country has different ways of handling it. Some countries have created regulations that are more suitable to development in their economies, but central bank digital currencies (CBDCs) are slowly gaining momentum.
2019-6-18 00:40 | |
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By CCN: Deutsche Bundesbank president Jens Weidmann has added a dampener to discussions on central bank digital currencies (CBDC), claiming they would destabilize financial systems and worsen bank runs.
2019-6-9 13:15 | |
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The head of Germany's central bank has said central bank digital currencies could destabilize financial systems and worsen bank runs.
2019-6-3 16:04 | |
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By CCN: The Chairman of the Board of the Bank of Lithuania has spoken about the merits of central bank digital currencies. He has labeled them as a new, more efficient, offering from central banks across the globe.
2019-5-31 10:40 | |
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By CCN: Sberbank, the largest bank in Russia, is scrapping its crypto plans, citing the anti-bitcoin sentiments of government regulators. Ironically, the CEO of Sberbank, Herman Gref, is a bitcoin proponent.
2019-5-31 00:30 | |
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Jens Weidmann, President of Bundesbank, believes mainstream adoption of digital currencies will lead to a systematic destabilization of the financial markets and banking system, May 30, 2019. More Doomsday Predictions Central banks around the world are exploring the potential of electronic cash in response to a growing demand to digitize the economy and limit theRead MoreRead More.
2019-5-30 21:00 | |
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Could any two investments seem more different than precious metals like gold and silver versus digital currencies? One is dug from the ground, forged in flames and hurts like heck when you drop it on your foot.
2019-5-29 18:46 | |
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The president of Germany’s central bank has warned about the potential risks of introducing digital currencies
2019-5-29 16:37 | |
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In his speech published May 27, 2019, Vitas Vasiliauskas, a Governing Council member of the European Central Bank, highlighted the benefits of a central bank digital currencies (CBDC). The Council member referred to some of the major drawbacks that hinder its implementation.
2019-5-29 12:50 | |
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European Central Bank Official Affirms That CBDCs Have Several Uses An official from the European Central Bank called Vitas Vasiliauskas has recently talked about Central Bank Digital Currencies (CBDCs).
2019-5-29 00:23 | |
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A European Central Bank council member has come out generally in favor of wholesale central bank digital currencies.
2019-5-28 12:00 | |
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With central banks worldwide removing cash from society in favor of Central Bank Digital Currencies, and negative interest rates turning traditional investment strategies on their head, digital assets present a compelling use case as a hedge against extraordinary global monetary policy and capital surveillance
2019-5-28 01:00 | |
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The long-standing debates about the credibility, general acceptance and adoption of cryptocurrency is nowhere near its end. People have in the past argued both ‘for' and ‘against' mainstream adoption of digital currencies.
2019-5-27 02:22 | |
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By CCN: Russia is reportedly considering the implementation of a gold-backed cryptocurrency, according to Russian news outlet Tass. Immutability and censorship-resistance are useful for governments in certain instances, such as conducting international trade in the face of sanctions.
2019-5-24 22:55 | |
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The European Central Bank (ECB) recently published a paper titled “Crypto-Assets: Implications for financial stability, monetary policy, and payments… The post Bitcoins Not Really Currencies, Euro Is Always Euro — Says European Central Bank President appeared first on Invest In Blockchain.
2019-5-22 23:37 | |
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Launched in February of 2019, the Euro Wallet provides the financial market with an unrivaled solution to crypto exchange transfer speed. An efficient alternative that no bank can provide, transferring cryptocurrencies between exchanges, individuals and into FIAT has never been simpler.
2019-5-21 19:05 | |
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The Central Bank of Myanmar (CBM) is determined to curb the growing local cryptocurrency industry. This comes after the central bank issued a warning against engaging in cryptocurrency activities.
2019-5-21 16:58 | |
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According to a report by The Myanmar Times, published May 20, 2019, the Central Bank of Myanmar (CBM) has warned investors against trading in cryptocurrencies due to their volatile nature. The Burmese Apex Bank Issues an Anti-Crypto Warning Aiming to safeguard novice investors from the volatile nature of digital currencies, the CBM earlier has issuedRead MoreRead More.
2019-5-21 13:00 | |
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Swiss bank UBS has been exempted from a fine of 285 million euro since it was the first to alert the regulators of this while Citigroup was hit the hardest with 210. 8 million euro penalty. Citigroup was followed by RBS and JPMorgan with 249.
2019-5-18 16:24 | |
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Cryptocurrencies are not localized and are also not controlled by any particular bank or financial institution. For travelers who happen to change locations, possibly moving to regions with varying currencies, spending cryptocurrency could become a very convenient transaction model once the proper mechanisms are put in place.
2019-5-16 10:18 | |
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Cryptocurrencies are not real currencies, according to European Central Bank president Mario Draghi
2019-5-10 19:49 | |
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By CCN: A student asked European Central Bank (ECB) President Mario Draghi about his stance on Bitcoin. Draghi told the student that cryptocurrencies are not currencies, but “highly risky” assets.
2019-5-8 22:29 | |
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Mario Draghi, the president of the European Central Bank (ECB), said during a dialogue with students that cryptocurrencies are not real currencies. He has also stated that cryptos are “very, very risky assets” but they do not really have to be something for central banks to be worried about. Mario Draghi Talks About Cryptocurrencies As […]
2019-5-8 22:04 | |
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Myanmar’s apex bank is sounding a note of warning to citizens against the dangers of trading with cryptocurrency. Per the report from The Irrawaddy May 03, 2019, the country’s central bank frowns on the use of virtual currencies, as there have been reports of digital currency scams by inexperienced victims.
2019-5-5 01:00 | |
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Ripple (XRP) performance dismal, bulls add 1. 3 percent in 24 hours. Despite apparent efficiency, a central bank official said he sees no potential in Ripple An official from Singapore’s MAS is skeptical of retail bank digital currencies capabilities after the country’s Project Ubin linked with Canada’s Project Jasper effecting the first transaction.
2019-5-4 21:00 | |
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CryptoNinjas Bitspark, a blockchain powered money transfer ecosystem, has announced the live launch of the beta version of its new web platform enabling people to easily deposit cash, cryptocurrency or via bank transfer and exchange money using stablecoins in eight major national fiat currencies (USD, GBP, SGD,.
2019-5-3 07:53 | |
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The Bank of Canada and the Monetary Authority of Singapore announced the successful completion of a cross-border and cross-currency payment pilot using central bank digital currencies.
2019-5-3 20:10 | |
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Bloomberg reports on May 2, 2019, that the Bank of Canada and Monetary Authority of Singapore (MAS) have successfully sent each other digital currencies using blockchain technology. This marks the first instance of such a transaction between two central banks.
2019-5-3 19:00 | |
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By CCN. com: The Bank of Canada and the Monetary Authority of Singapore (MAS) has conducted a successful pilot test of central bank-backed crypto assets to clear cross-border and cross-currency payments.
2019-5-2 14:33 | |
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The central banks of Canada and Singapore have for the first time settled cross-border payments using blockchain and central bank digital currencies.
2019-5-2 12:00 | |
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Just a few days ago, Ripple’s XRP showed signs it was probably going down. However, the cryptocurrency seems to have survived and is on its way to recovery alongside other top currencies. Several factors may be involved in bringing the asset back up, but one of them must be the recent announcement of a partnership […] The post Saudi British Bank Teams Up With Ripple To Use XRP For Cross-Border Payments appeared first on ZyCrypto.
2019-5-1 21:33 | |
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SBI Holdings is confident that XRP will be a successful and widely-adopted digital asset for international remittance and settlements, possibly becoming a leader of the Virtual Currencies sector. In its 2018 Fiscal Year (FY) report, published last Friday, SBI provided a financial overview of its virtual currency ecosystem, which includes Proof-of-Work (PoW) mining activities as […] The post Ripple-Partnered Bank Remains Optimistic About XRP appeared first on Crypto Briefing.
2019-4-30 20:57 | |
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Court approves Genesis Global's plan to distribute $3 billion to creditors, rejecting Digital Currency Group's objections. The post Genesis wins court nod to return $3 billion to creditors appeared first on Crypto Briefing.
Crypto exchange Coinbase believes the odds of the SEC approving spot Ethereum ETFs by the end of the month stand between 30% to 40%. In a May 15 report, Coinbase Institutional Research Analyst David Han asserted that the main factor that led the SEC to approve spot Bitcoin ETFs — the correlation between CME futures […] The post Coinbase expects 30% to 40% chance of spot ETH ETF approval by month-end appeared first on CryptoSlate.
Senator Elizabeth Warren described support for the SEC’s Staff Accounting Bulletin (SAB) 121 during a senate hearing on May 16. Warren asserted that the bulletin, which applies to companies that deal with crypto, is designed to provide accounting guidance.
Oklahoma has become the first US state to legally protect the right to self-custody Bitcoin after passing a new bill. The newly signed legislation ensures that residents can hold, control, and use digital assets without state interference.
Quick Take Bitcoin went above the $67,000 mark, nearly hitting $67,500 — its highest level since April 13. The remarkable rally has triggered a wave of liquidations within the digital asset ecosystem over the past 24 hours.
Binance exec Tigran Gambaryan denied bail by Nigerian court, faces money laundering and tax evasion charges. The post Nigerian court denies bail and allows Tigran Gambaryan to stand trial on behalf of Binance appeared first on Crypto Briefing.
The bill aims to introduce a licensing scheme for crypto firms, which will be handled by the CMB and bring the firms under the regulator's scope.