2020-10-13 03:43 |
The United States, Canada, Britain, Germany, France, Italy and Japan will institute national digital currency banking standards with the International Monetary Fund and World Bank. origin »
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The prototype infrastructure for Norway’s central bank digital currency is based on Ethereum, the Norges Bank officially stated.
2022-9-13 12:20 | |
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The Bank of Jamaica is getting ready to begin testing its planned central bank digital currency in collaboration with financial institutions in the country.
2021-7-7 15:32 | |
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The Central Bank of Bahrain expects that its digital currency collaboration with JPMorgan and Bank ABC could extend to a CBDC.
2021-5-13 16:34 | |
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Her Majesty’s Treasury and the Bank of England have revealed the establishment of a central bank digital currency (CBDC) taskforce. According to the announcement, the group’s purpose aims to explore a potential UK CBDC.
2021-4-20 21:30 | |
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Swedish bank Riksbank is set to extend the pilot project for a central bank digital currency by a year. According to the bank, this enables more comprehensive consultation from professional services firms and ensures proper deployment of the digital currency.
2021-2-18 02:00 | |
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One of the biggest and oldest bitcoin crypto payment processor has applied with the Office of the Comptroller of the Currency (OCC), to become a bank. It will be named...
2020-12-10 22:14 | |
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Didi, the Chinese equivalent of Uber, is forming a task force to design and implement trial of China's central bank digital currency on its on-demand transportation platform.
2020-7-8 09:58 | |
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People’s Bank of China may be ready with the top-level rules for its hypothetical state-backed digital asset, but doubts are still surfacing over the project’s wider application. China Central Bank Currency Meets Fresh Skepticism The central bank has announced it will “continue its solid study on the digital currency and keep monitoring the latest development of digital currency initiatives around the world,”reported Ejinsight.
2020-1-15 18:30 | |
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Despite having a longtime ban against cryptocurrency, the People’s Bank of China recently decided to research the use of digital currency for themselves. While there have been multiple news reports stating that the central bank has already issued digital currency, the PBoC has stated that the claims are “fraudulent.” Instead, the official statement from the […]
2019-11-14 23:14 | |
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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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Speaking at a lecture in Nagoya last week, Bank of Japan executive Masayoshi Amamiya confirmed that the country has no plans to issue a Central Bank Digital Currency.
2018-10-30 15:00 | |
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Following the adoption of the country’s first cryptocurrency regulation, the central bank of Thailand is working on its own digital currency in collaboration with the country’s largest banks.
2018-8-24 02:45 | |
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Bank Of Thailand Set To Launch A Digital Currency Based On R3 Tech The Bank of Thailand (BoT), country's central bank has declared that it is working on a project ‘Inthanon‘ that will devise and develop a proof-of-concept prototype for wholesale funds transfer by issuing a wholesale Central Bank Digital Currency (Wholesale CBDC). BoT is […]
2018-8-22 21:16 | |
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The Bank of Thailand (BOT) are the next central bank to weigh in on the cryptocurrency debate, and it looks to be good news this time. Sort of anyway. BOT want to develop a Central Bank Digital Currency (CBDC), a cryptocurrency that will be issued by the bank and regulated by the bank.
2018-8-22 17:30 | |
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Details have emerged of a new digital currency to be issued by the central bank of Thailand – it’s built on an open-source blockchain eerily reminiscent of Ripple, the popular banking ledger developed by Ripple Labs.
2018-8-22 17:00 | |
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The Bank of Thailand is developing its own digital currency, aiming to complete a first proof-of-concept by March 2019.
2018-8-22 12:00 | |
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U. S. -based digital currency exchange Coinbase has filed a patent on a new Bitcoin payment system designed to make cryptocurrency payments safer. The new platform will provide an added layer of security for users’ keys and allow them to make Bitcoin payments directly from their digital wallets.
2018-8-18 00:52 | |
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Venezuelan President Nicolas Maduro recently revealed that the nation’s oil-backed cryptocurrency, the petro, will be used as a unit of account by the state oil company PDVSA.
2018-8-16 00:26 | |
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Blockchain money transfer company Wyre has announced a partnership with MakerDAO, creator of the Dai stablecoin, to offer Dai as part of a fiat-crypto trading pair in more than 30 countries across the world including the U.
2018-8-15 00:54 | |
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An Abu Dhabi resident is facing the prospect of having to repay more than $160,000 in bank debt after his cryptocurrency investment went awry. The story is another testament to the significant risks involved in virtual currency trading due to the volatile nature of the market.
2018-8-15 23:02 | |
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In collaboration with blockchain startup Bitt, the central bank of Dutch overseas territories Curacao and Sint Maarten will test the feasibility of a state bank-backed virtual currency.
2018-8-14 12:59 | |
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A member of the Venezuelan National Constituent Assembly has reportedly revealed that the assembly is preparing a reform to the country’s Constitution that includes a central bank for cryptocurrencies.
2018-8-14 06:50 | |
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As globalization continues and people start to accept the use of cryptocurrencies in various sectors, there is a high demand for digital money. The reason for the popularity of digital currency is not limited to accessibility, convenience, and efficient funds transfer.
2018-8-13 02:13 | |
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In recent regulatory news, Spain’s Central bank has issued a report favoring the development of a central bank-issued digital currency (CBDC), the president of Taiwan’s central bank has advocated caution regarding CBDCs, the Blockchain Research Institute has published a summary of recent roundtable discussions calling for great regulatory clarity, and a Russian court has a […] The post Regulations Round-Up: Central Bank-Issued Digital Currencies, Regulatory Clarity appeared first on Bitcoin News.
2018-8-12 15:58 | |
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The debate over the legitimacy of Bitcoin as a currency has persisted since the beginning of the creation of the coin. When the mysterious Satoshi Nakamoto rolled out the Bitcoin blockchain years ago, skeptics almost immediately began to argue that the currency would quickly peter out, losing value as quickly as it had gained notoriety. […]
2018-8-10 11:18 | |
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There was a time when the overwhelming majority of Bitcoin usage was associated with drug dealing and other illegal activities. With Bitcoin offering relative anonymity that traditional payment methods like cards and bank transfers didn’t, criminals were quick to hop on the bandwagon, which gave Bitcoin the misguided moniker of the criminals’ currency. While the […]
2018-8-10 00:00 | |
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Swiss investment bank, UBS, has recently stated that Bitcoin cannot be considered money or a viable asset yet. Furthermore, it is believed that in order for Bitcoin to replace the US currency for global dominance, it will have to reach around $213,000.
2018-8-8 04:00 | |
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Swiss investment bank, UBS, has recently stated that Bitcoin cannot be considered money or a viable asset yet. Furthermore, it is believed that in order for Bitcoin to replace the US currency for global dominance, it will have to reach around $213,000.
2018-8-8 04:00 | |
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Maerki Baumann — a private bank based in Zurich, Switzerland — has announced it will manage its clients’ cryptocurrency assets. This makes it the second Swiss bank to make such an announcement following Hypothekarbank Lenzburg (Hypi), which stated in June that it would open business accounts for cryptocurrency companies.
2018-8-7 23:23 | |
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Central banks around the world have had hawkish, unfavorable views towards cryptocurrencies. However, the Spanish Central Bank, Banco de Espana (BDE), stands as a striking contrast. The regulator has released a report in which it states that the use of digital currencies, especially when there is a digital version of the state currency, will help in […] Spanish Central Bank Backs Cryptocurrencies in New Report was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
2018-8-7 19:29 | |
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Finder CEO Fred Schebesta considers building a digital currency bank in Australia in collaboration with an already licenced deposit-taking institution.
2018-8-7 15:28 | |
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British multinational investment bank and financial services company Barclays is reportedly looking to join the cryptocurrency hype among institutional players. Barclays Appoints Chris Tyrer to Lead Digital Assets Project A few months ago, Jes Staley, Barclays CEO, ruled out launching their own virtual currency trading desk.
2018-8-7 01:30 | |
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Australian millionaire, Fred Schebesta, is planning to launch a cryptocurrency bank to capitalize on the immense business opportunities in the emerging virtual currency market. Schebesta, the Finder.
2018-8-7 21:54 | |
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Australian millionaire, Fred Schebesta, is planning to launch a cryptocurrency bank to capitalize on the immense business opportunities in the emerging virtual currency market. Schebesta, the Finder.
2018-8-6 15:46 | |
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Bitcoin (BTC)–One of the world’s largest investment banks has commented upon the rise of cryptocurrency, and found fault with the scalability and price volatility associated with Bitcoin. The Union Bank of Switzerland, an investment bank and financial services company, has joined the list of Bitcoin detractors who point out the obvious flaw with the currency: […] The post UBS: ‘Lack of Stability’ Preventing Bitcoin Going Mainstream appeared first on Ethereum World News.
2018-8-6 17:15 | |
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Sales for an exclusively African cryptocurrency opened up in August to those with a South African bank account — seemingly capitalizing on virtual currency’s popularity in the nation. Despite growing interest, however, scams and fraud are still rife in the country.
2018-8-5 11:00 | |
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The central bank of the Netherlands has issued new comments on cryptocurrency this week, continuing a popular narrative from the banking sector that it is “not money. ” ‘Spending, Saving And Calculating’ In a video statement translated by local news outlet Dutch News, De Nederlandsche Bank divisional director Petra Hielkema said that cryptocurrency did not adequately permit three specific functions which consumers need and which are currently fulfilled by fiat currency.
2018-8-4 21:30 | |
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De Nederlandsche Bank (DNB) the central bank of The Netherlands have recently spoken out against cryptocurrencies, denying to recognise crypto as a real form of currency. According to Dutch News, Petra Hielkema, the Divisional Director at DNB has said in a report: “If something wants to be treated as money, you have to be able to spend, save and calculate with it.
2018-8-3 13:00 | |
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Fintech businesses struggling to stay inbounds of government rules may soon receive a dose of much-needed guidance via the Consumer Financial Protection Bureau (CFPB).
2018-8-3 18:23 | |
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Bitcoin Bank Approaches Coinbase UK And Adds Pound Sterling The realization of a bitcoin bank in the UK is getting closer and becoming a reality. On July the 31st, Coinbase announced support for the currency of the UK.
2018-8-2 10:31 | |
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Galaxy Digital, Mike Novogratz’s cryptocurrency merchant, has finally been listed on the Canadian stock exchange. The listing has gone ahead despite the tumultuous conditions in the virtual currency market over the course of 2018.
2018-8-2 06:23 | |
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Galaxy Digital, Mike Novogratz’s cryptocurrency merchant, has finally been listed on the Canadian stock exchange. The listing has gone ahead despite the tumultuous conditions in the virtual currency market over the course of 2018.
2018-8-2 23:20 | |
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The Office of the Comptroller of the Currency (OCC) announced on Tuesday they are to begin accepting applications from fintech companies that wish to become national banks. “The decision to... The post OCC Starts Accepting National Bank Charter Applications From Fintech Companies appeared first on Trustnodes.
2018-8-1 15:48 | |
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In the crypto economy, currencies’ volatility is a thousand times more, which makes them attractive to speculators and impractical for everyday life. “Stablecoin” is a crypto currency that can be tied to another stable asset, for example, gold or the US dollar. For all that it is global, it does not depend on any bank
2018-7-31 19:29 | |
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Iran is planning to issue its own national crypto in the face of looming sanctions by the US government. The Middle Eastern country intends on working with local companies with expertise in cryptography and technology to develop the national crypto, with the country’s central bank being in charge of the development process. This is not […]
2018-7-29 00:00 | |
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While giving a statement about this latest initiative of Iranian cryptocurrency, Daliri also clarified that the central bank was working with “domestic knowledge-based companies” to develop the domestic digital currency.
2018-7-27 22:15 | |
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Countries that are still thinking of whether to introduce a central bank digital currency or not should find the decision easier to make now. A new research paper released by S. Mohammad R. Davoodalhosseini of the Bank of Canada on Thursday highlighted the economic gains that can be realized when a country issues a domestic […] The post Bank of Canada Paper says CBDCs Will Bring Economic Gains appeared first on ZyCrypto.
2018-7-27 18:58 | |
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Mario Draghi, President of the European Central Bank, said bitcoin is volatile, with its value oscillating widely, thus he would not call it a currency. In answering questions by the... The post One Euro Today is One Euro Tomorrow, Bitcoin Oscillates Says ECB’s Draghi appeared first on Trustnodes.
2018-7-27 15:37 | |
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The Bank of Canada, Canada’s central bank have hit headlines on a few occasions this month, after a sudden spike in interest within cryptocurrency and blockchain technology from the bank. According to Coindesk, The Bank of Canada have published a new paper that discusses how a Central Bank Digital Currency (CBDC) would be beneficial to both the economies of United States and Canada.
2018-7-27 15:30 | |
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Project Pyxtrial is a first step towards a tool that could support supervisors and regulators in proactively detecting issues in stablecoin backing, the report said.
Coinspeaker UK Inflation Drops Under 10% for First Time since August 2022 British inflation has been stubborn forcing the Bank of England to continue its interest rate hikes to 4. 5%, for the 12th consecutive time.
The U.K. also recently started a consultation on regulating the sector and a potential central bank digital currency.
The governor of the Bank of England, Andrew Bailey, believes that no existing cryptocurrencies will last. Talking about the design, governance, and arrangements of “a lasting digital currency,” the head of England’s central bank said, “I don’t think cryptocurrencies as originally formulated are it.