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China’s Digital Currency Has Been Used in 3 Million Transactions Worth Over a Billion Yuan So Far
China’s central bank digital currency has been used in 3. 13 million transactions worth about 1. 1 billion yuan ($162 million) so far, the People’s Bank of China’s deputy governor has reportedly revealed. дальше »
2020-10-8 03:15 | |
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China’s Digital Currency Pilot Project (DC/EP) Hits Over $160M (1.1B Yuan) In Transaction Volume
First reported by the South China Morning Post, the People’s Bank of China deputy governor, Fan Yi Fei, speaking at a SWIFT-organized virtual conference, Sibos 2020, stated massive progress in the digital currency and electronic payments (DC/EP) pilot projects. дальше »
2020-10-7 22:35 | |
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Hyperinflation and Currency Collapse Fears After Zambian President Fires Central Bank Governor
Zambian President Edgar Lungu fired the country’s central bank governor Denny Kalyalya last week sparking fears that government wants to end the institution’s independence. Kaylalya was immediately replaced by Christopher Mvunga who reportedly has close ties to the President. дальше »
2020-8-26 08:30 | |
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Boston Federal Reserve Partners With MIT To Experiment On The Launch Of A Digital Dollar
According to a statement by Federal Reserve Board Governor, Lael Brainard, during the San Francisco's Innovation Office Hours, the Bank is partnering with several institutions to research the possible effects of launching a central bank digital currency (CBDC). дальше »
2020-8-15 19:47 | |
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Philippines Central Bank Governor Confirms Interest in Launching A Digital Currency
The central bank of the Philippines, otherwise known as Bangko Sentral ng Pilipinas (BSP), expresses its interest in launching its own central bank digital currency (CBDC). In a story first covered on Bloomberg, the governor of BSP, Benjamin Diokno, stated the country had formed a research committee on the possible launch of digital currency. The […] дальше »
2020-7-30 21:21 | |
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Philippines’ Central Bank Is latest to Explore a Central Bank Digital Currency
The Central Bank of the Philippines is the latest on the list of countries to exclusively express their interest in developing a central bank digital currency. Benjamin Diokno, the Governor of Philippines’ central bank announced the news today, during the launch of NGC (New Generation Currency) banknotes in a virtual conference. He said that the […] дальше »
2020-7-29 20:42 | |
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Bank of Thailand Extends Testing Of Digital Baht; Integration With Hong Kong Later In 2020
Thailand is currently in its third developmental phase of building its central bank digital currency (CBDC), a local newspaper, and Nation Thailand reported on Thursday. The paper stated that the Assistant Governor of the Bank of Thailand, Vachira Arromdee, who said the bank is already rolling out its CBDC to large companies. The Bank of […] дальше »
2020-7-17 17:21 | |
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Bank of England Still Debating Creation of Central Bank Digital Currency, Says Bailey
Bank of England (BoE) Governor Andrew Bailey said Monday that the institution is still debating whether it should create a central bank digital currency (CBDC). Speaking at a webinar event, Andrew Bailey admits a CBDC will be a reality in the next few years. дальше »
2020-7-15 07:05 | |
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Bank of England Deliberating Digital Currency Issuance, Governor Says
The U. K. ’s central bank, the Bank of England (BOE), is assessing whether it should launch a central bank digital currency (CBDC), Bloomberg reports, July 13, 2020. Bank of England Evaluating the Necessity for CBDC In a webinar event with students on Monday, Bailey touched on the possibility of a U. дальше »
2020-7-14 13:00 | |
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Libra’s newest rival could be England’s central bank-backed digital currency
According to reports from Bloomberg, the bank of England (BOE) is contemplating creating a government-backed digital currency. This was made known by Andrew Bailey, Governor of the Bank of England, in a webinar event, he told students that it was being reviewed and the Central bank is still trying to weigh their options. It looks […] дальше »
2020-7-15 11:14 | |
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‘There Is No Timetable For Launch of Digital Yuan’, Says Governor of China’s Central Bank
The governor of the People’s Bank of China (PBOC) Yi Gang, has put a damper in the general idea that China will launch its national digital currency soon. According to Gang, there is currently no plan at all for an official launch of a digital yuan. дальше »
2020-5-27 19:19 | |
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BoE Governor: A CBDC Would Need to Be ‘Very Carefully Designed’ to Overcome Challenges
The outgoing Bank of England (UK Central Bank) governor Mark Carney has reiterated his sentiments regarding a Central Bank Digital Currency. This was after the UK Central bank released a dossier touching on the CBDC that is supposed to store value and facilitate payments for both domestic and commercial transactions. The Outgoing Canadian is on […] дальше »
2020-3-13 22:19 | |
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Canada: Bank of Canada Will Only Launch Own CBDC If Cash Fails
The Bank of Canada, which is the nation’s apex bank, has made it clear through its Deputy Governor Timothy Lane, that it will only develop its own central bank digital currency (CBDC) if it sees a compelling reason to do so, according to a report released on February 25, 2020. дальше »
2020-2-27 20:00 | |
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Bahamian Central Bank to Roll Out Digital Currency in H2 2020
Another tropical island country is set to get its own digital currency. The Bahamas’ Central Bank governor John Rolle yesterday confirmed that the digital Bahamian dollar will be rolled out by the second half of 2020. дальше »
2020-2-14 16:30 | |
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The Federal Reserve Has Its ‘Come to Satoshi’ Moment
Shifting a stance of mostly ignoring CBDCs, a Federal Reserve governor says the Fed is now actively studying the possibility of a US digital currency. дальше »
2020-2-7 23:00 | |
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Federal Reserve Governor: U.S. Fed Examining Potential of U.S. Digital Currency
According to a Bloomberg report published on February 5, 2020, U. S. Federal Reserve Governor, Lael Brainard noted that the country’s central bank is studying the feasibility of a central bank digital currency (CBDC). дальше »
2020-2-6 18:00 | |
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Private Digital Payment Systems Are Pushing The Fed Reserve To Look At DLT-Based CBDCs
On Feb 5th during a sit down with Stanford University dean, Federal Reserve governor, Lael Brainard was optimistic at the possibility of launching their own digital currency. They are in the process of analyzing a wide array of concerns they could potentially face including policy and legal concerns. дальше »
2020-2-6 17:48 | |
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Potential US Dollar Digital Currency Being Examined by Federal Reserve Governor
United States banking officials appear to be examining the feasibility of a dollar-based Central Bank Digital Currency (CBDC), a talking point that has been working the rumor mill for some time now. дальше »
2020-2-6 13:05 | |
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Central Bank Crypto Still 10 Years Away, Says Former ECB Vice President
Former Banque de France governor, Christian Noyer, suggested that a consumer-focused central bank digital currency (CBDC) could still be 10 years away, despite current interest from over 50 central banks. дальше »
2020-2-5 18:00 | |
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Japan Must Be Ready to Issue CBDC If the Need Arises, Says BOJ Deputy Governor
With Japanese lawmakers pushing for a digital yen, Masayoshi Amamiya, deputy governor of the country’s central bank says Japan needs an agile action plan for a central bank digital currency (CBDC). No immediate Plans to Launch Digital According to Reuters, Amamiya says the Bank of Japan (BOJ) has no immediate plans to launch a CBDC. дальше »
2020-1-31 02:00 | |
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Japan ‘Must Be Prepared’ To Launch A CBDC If Public Demand Increases: BoJ Official
According to a Bank of Japan’s (BoJ) deputy governor, the country needs to keep on doing research on what issuing a central bank digital currency (CBDC) would mean, even if a launch is not yet in the cards. дальше »
2020-1-31 20:23 | |
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Bank of France Gov: Central Bankers Should Issue Digital Currencies, Not Private Companies
Villeroy de Galhau, Governor of the Bank of France, said on Saturday that virtual currency can be useful especially when cash transactions are decreasing in various nations, however, it should be the prerogative of central banks to issue it and not private firms, Reuters reports. дальше »
2020-1-26 19:48 | |
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Facebook’s Active-User Network, A Third of Global Population, Sets Libra Apart From Others: Fed
The Governor Lael Brainard, of the US Federal Reserve on Wednesday stated Facebook’s digital currency project Libra faces a “core set of legal and regulatory challenges.” Social media giant’s stablecoin that is linked to fiat money and other sound assets to mitigate fluctuations in the price of cryptocurrencies like Bitcoin, remains unproven with a vague […] дальше »
2019-12-18 21:12 | |
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Nobel Winner-Backed Saga Launches Libra-Like Global Coin
London-based blockchain firm Saga announced the launch of its Saga token (SGA). The digital unit represents a global currency that complies with regulators’ requirements. Saga Advised by Nobel Prize Winner, Former Bank of Israel Governor The currency is backed by a basket of fiat currency to avoid high volatility. дальше »
2019-12-11 17:53 | |
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Philippines’ Central Bank Abandons Plans of Launching Own Cryptocurrency
Philippines’ Central Bank is reportedly ready to halt its planned launch of a digital currency and wait for at least five years. The Bangko Sentral ng Pilipinas, according to Phillstar Global, a local news outlet, is rethinking issuing its own digital currency as it monitors the global crypto space. Benjamin Diokno, the bank’s governor, spoke […] дальше »
2019-7-5 20:56 | |
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Facebook’s Libra Pushes France to Form a G7 Crypto Task Force
By CCN Markets: Facebook’s cryptocurrency Libra seems to have unsettled governments everywhere. The governor of Banque de France, Francois Villeroy de Galhau, is the latest to announce reactionary measures designed to contain the digital currency. дальше »
2019-6-22 19:30 | |
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France to create a joint G7 cryptocurrency task force amid Facebook’s Libra woes
France is putting together a Group of Seven Nations (G7) task force to explore how central banks can make sure cryptocurrencies adhere to money-laundering and consumer protection rules. That’s according to the country’s central bank governor who announced the news today. дальше »
2019-6-21 18:28 | |
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Facebook’s Libra concept sees a half-hearted welcome from Bank of England’s Governor
Ever since Facebook, (the tech giant that taught the world how not to do privacy), unveiled Libra, it has amassed both positive and negative sentiment of both regulators and financial players across the globe. дальше »
2019-6-21 14:15 | |
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Bitcoin Trading Popularity Spooks Malawi Central Bank Warning Against Cryptocurrency
By CCN: The governor Reserve Bank of Malawi (RBM) has warned that cryptocurrencies are not legal tender and should not be used in place of the legal fiat currency, the Malawi Kwacha. According to local media, Dr. дальше »
2019-5-30 11:40 | |
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Bank of England Gov: Bitcoin Doesn’t Satisfy the Principles of Currency
By CCN: Dave Ramsden, deputy governor for markets and banking at the Bank of England, said in an interview with CNBC that crypto assets like bitcoin are too volatile to be a store of value and they do not meet the principles of currency. дальше »
2019-5-1 03:00 | |
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Pakistan Will Issue Its Own Digital Currency By 2025
According to the Dawn, a local media outlet, Pakistan’s central bank has announced plans to have a digital currency by 2025. Digital Version of the Pakistani Rupee Speaking about the regulation of Electronic Money Institutions, non-bank entities that will be allowed to issue “e-money” for digital payments, Pakistan’s State Bank Deputy Governor Jameel Ahmad told the audience that digital currency is more efficient. дальше »
2019-4-3 04:00 | |
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Pakistan’s Central Bank Aims to Issue Its Own Digital Currency by 2025
Jameel Ahmad, the deputy governor of the State Bank of Pakistan, declared that the institution aims to issue a digital currency by 2025
дальше »2019-4-2 18:50 | |
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Pakistan Introduces Crypto Regulation
The Pakistani government will now regulate local cryptocurrency firms under new legislation. Local news outlet The Express Tribune reported that the government of Pakistan will introduce Electronic Money Institutions (EMI) regulations based on the recommendations of the Financial Action Task Force (FATF). дальше »
2019-4-2 01:33 | |
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Breaking: Dow Bloodbath Could End as US-China Reach ‘Consensus’ on Crucial Trade Deal
Yi Gang, the governor of the People’s Bank of China, has said in a press conference on Sunday that the U. S. and China are close to establishing a currency deal, which could fuel trade talks and alleviate pressure on the Dow Jones. дальше »
2019-3-10 13:53 | |
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Blockchain Advocacy Coalition Sponsors Bill to Allow Crypto for Legal Cannabis Tax
Activist group Blockchain Advocacy Coalition (BAC) has sponsored a bill in California’s 19th State Assembly District, set to allow legal cannabis businesses in the district to pay their state taxes using cryptocurrency. дальше »
2019-3-1 20:16 | |
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Elections Canada Consults With Political Parties on Crypto Donations
According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act. дальше »
2019-1-24 20:28 | |
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New York to Have First Crypto Task Force
Recently, New York State became the first state in the nation to create a cryptocurrency task force to study how to properly regulate, define and use cryptocurrency. Last week, NYS Governor Andrew Cuomo, signed into law THE DIGITAL CURRENCY STUDY BILL, A8783B/S9013. дальше »
2019-1-3 00:16 | |
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No Plans to Switch to Digital Currency Within Next 3-5 Years: Central Bank of Thailand
The BoT governor claims that the process of creating a central bank digital currency is too lengthy and complicated to allow the country to move from cash to digital currency within the coming 3-5 years. дальше »
2018-11-20 23:07 | |
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Without a Digital Currency, Sweden Faces the Privatization of Money
Retail payments in Sweden are now almost entirely cashless. Without a central bank digital currency (CBDC) Sweden’s entire payments market would be reliant on the private financial sector. Cecilia Skingsley, Deputy Governor of the Central Bank of Sweden, has authored an article as part of the World Economic Forum’s Annual Meeting of the Global Future Councils. дальше »
2018-11-12 04:00 | |
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Bank of Israel Publishes a Report On Central Bank Digital Currencies
The Governor of the Bank of Israel, in November 2017, appointed a team of research analysts to explore the possibility of introducing Central Bank Digital Currencies (CBDC). According to the report, published on November 6, 2018, the team raised many concerns and did not recommend the Bank of Israel to progress forward with a digital currency in the near future. дальше »
2018-11-8 18:00 | |
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Colorado and California Just Elected Pro-Bitcoin Governors
Following the 2018 midterm elections, the U. S. will see two new pro-Bitcoin governors sworn into office. Jared Polis (D-CO) and Gavin Newsom (D-CA) both won out against their respective Republican contenders last night, November 6, 2018. дальше »
2018-11-7 20:44 | |
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Assistant Governor of Reserve Bank of Australia Sees No Use For Digital Currencies
Michelle Bullock, the assistant governor of the Reserve Bank of Australia, has recently affirmed at the Swift International Banking Operations Seminar that the country will hardly need a central reserve bank for the digital currency, as the current systems already work well enough. дальше »
2018-10-25 02:41 | |
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Bank of Japan Admits Its Role Would Be ‘Sharply Reduced’ by Cryptocurrency
A top-level executive from the Bank of Japan (BOJ) revealed that the country’s central bank doesn’t plan to issue a digital currency. The BOJ justifies this decision by identifying major obstacles which prevent their further widespread adoption. дальше »
2018-10-24 21:00 | |
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