100,000 Koreans To Test New Digital Won In Central Bank’s Pilot CBDC Program

Over the past two years, the Asian region has been racing to launch Central Bank Digital Currencies (CBDC), and the Digital Won is the latest to enter a critical stage, per a recent report. Related Reading: Bhutan Secretly Spent Millions On Its Bitcoin Mines: Report Reveals Bank of Korea Partners with Financial Authorities For Digital […] дальше »

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Singapore Floats Stricter Rules to Discourage Crypto Retail Trading

Singapore central bank to curb crypto retail trading, banning incentives, leverage and card payments to limit volatility risks. дальше »

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Singapore Central Bank Rules to Discourage Crypto Speculation, Ease Investment Qualifications

The Monetary Authority of Singapore (MAS) has released the final tranche of its responses to feedback on a consultation paper of proposed regulations for crypto service providers. дальше »

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Milei vowed to close Argentina’s central bank — But will he do it?

The challenge of replacing Argentina’s peso with the United States dollar (and potentially Bitcoin) will be great, but it’s not insurmountable. дальше »

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Centralized vs. decentralized orders matching on DEXs

Centralized and decentralized order batchers are central to this discussion, each representing a different approach to order matching. дальше »

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dYdX founder blames v3 central components for ‘targeted attack,’ involves FBI

DYdX founder Antonio Juliano said it is working to find the original culprit behind the exploit and would rather pay community members who help in the investigation than the exploiter. дальше »

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ECB president calls for European SEC creation

The head of the European Central Bank (ECB), Christine Lagarde, said that the EU needs its own version of the U.S. Securities and Exchange Commission (SEC). дальше »

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Pro-Bitcoin Javier Milei Becomes New President of Argentina

Pro-Bitcoin libertarian Javier Milei has been elected as Argentina's president, defeating economy minister Sergio Massa. His victory is welcomed by the crypto community due to his support for Bitcoin and opposition to central banks. дальше »

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Bitcoin rises as pro-BTC candidate Javier Milei wins Argentine presidency

In a landmark victory, Javier Milei has clinched the presidential seat in Argentina, signaling a potential seismic shift in the country’s economic landscape. Milei, known for his fervent endorsement of Bitcoin and scathing criticism of central banks, has brought a wave of optimism to the crypto market. дальше »

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ChatGPT Creator OpenAI Kicks Out CEO Sam Altman – Any Bearing On The Crypto Sector?

In a stunning turn of events, OpenAI, the visionary force behind the groundbreaking ChatGPT launched just a year ago, dropped a bombshell on Friday. The company announced the abrupt dismissal of CEO Sam Altman, a central figure in the AI revolution, sending shockwaves through the tech world. дальше »

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‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS

The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option.

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‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS report

The answer again is regulation, although this time, the suggested regulation looks a lot like central bank co-option.

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Mastercard Says Customers Are Too Comfortable With Today's Money for Adoption of CBDCs: CNBC

The widespread use of central bank digital currencies (CBDCs) does not have enough justification at the moment as customers are so comfortable using today's type of money, a senior Mastercard official has said. дальше »

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Here Are 3 Charts Supporting the Bull Case for Bitcoin

Charts related to global central banks, U.S. financial conditions and the 10-year U.S. Treasury yield suggest the path of least resistance for the cryptocurrency is upward. дальше »

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Mastercard sees no justification for consumers to use CBDCs

Payments giant Mastercard says adoption is the most challenging part for state-issued digital currencies. The second-largest payment-processing provider, Mastercard, sees no prospects for central bank digital currencies (CBDCs) shortly, as consumers nowadays are “comfortable using today’s type of money.” In… дальше »

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Singapore central bank to trial live wholesale CBDC for settlements

The Monetary Authority of Singapore has unveiled its plan to launch a live wholesale CBDC used for settlements by local banks.

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Singapore’s Central Bank to pilot live CBDC for interbank settlements

The Monetary Authority of Singapore (MAS) is set to launch a live pilot of a CBDC for wholesale interbank settlements, marking a significant step in the integration of digital currencies into mainstream banking operations. дальше »

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Singapore’s MAS reveals plan to issue ‘live’ CBDC for wholesale settlement

The Monetary Authority of Singapore (MAS) is planning a pilot program where it would issue a “live” central bank digital currency (CBDC) for wholesale interbank settlement next year, according to a Nov. дальше »

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Singapore Central Bank to Start 'Live' Wholesale CBDC Trials

The trials are part of a broader initiative to test digital money, including tokenization of banking assets. дальше »

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IMF managing director says CBDCs can replace cash, but urges public and private sector cooperation

The IMF believes that central bank digital currencies (CBDCs) have the potential to eventually supplant cash in the monetary system of the world, according to the watchdog’s managing director Kristalina Georgieva. дальше »

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Singapore’s Central Bank explores asset tokenization with major financial firms

The Monetary Authority of Singapore (MAS), in collaboration with leading financial institutions like JPMorgan, DBS, and BNY Mellon, has embarked on a project to explore the potential of asset tokenization, a move that could significantly impact the future of financial transactions and asset management. дальше »

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National Bank of Kazakhstan Takes Giant Leap with Digital Currency Launch

Kazakhstan is preparing for the full launch of its Central Bank Digital Currency (CBDC), the digital tenge, with the first transaction made by a senior national bank executive. The post National Bank of Kazakhstan Takes Giant Leap with Digital Currency Launch appeared first on BeInCrypto. дальше »

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First Mover Americas: Singapore Central Bank Tests Tokenization Alongside JPMorgan, BNY Mellon

The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 15, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. дальше »

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Kazakhstan Central Bank Marks Digital Tenge Pilot With First Retail Payment

The National Bank of Kazakhstan plans to implement a digital tenge by the end of 2025. дальше »

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CBDCs could eventually replace cash, IMF indicates

The IMF says that state-issued digital currencies can replace cash, which is costly to distribute in island economies. While the adoption of central bank digital currencies (CBDCs) is nowhere close, they can eventually replace cash, which is “costly to distribute… дальше »

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XRP Will Not Become A Stablecoin For Banks After AMM Launch: Expert

In the wake of Ripple’s announcement regarding the integration of an Automated Market Maker (AMM) into the XRP Ledger (XRPL), the community has been abuzz with speculation and debate. Central to this discourse is the potential transformation of XRP in light of this update, particularly in regard to its classification and function as a digital asset. дальше »

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Kazakhstan officially launches digital tenge

The chairman of the National Payment Corporation has made the first transaction with the central bank digital currency.

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Central Bank Digital Currencies Can Replace Cash, Offer Resilience: IMF Chief

The public sector should continue to prepare for CBDC deployment, IMF Managing Director Kristalina Georgieva said. дальше »

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Singapore Central Bank Starts Tokenization Pilots Alongside JPMorgan, BNY Mellon, DBS

The test will explore bilateral digital asset trades, foreign currency payments, multicurrency clearing and settlement, fund management and automated portfolio rebalancing. дальше »

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IMF MD asks for global preparation for central bank digital currencies (CBDCs)

IMF’s Georgieva urges global readiness for CBDCs at Singapore FinTech Festival. CBDCs are a potential cash replacement, enhancing resilience, and promoting financial inclusion. IMF introduces CBDC handbook and acknowledges BIS’s role in global digital finance experiments. дальше »

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IMF head: CBDCs can replace cash, help financial inclusion

International Monetary Fund managing director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies. дальше »

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U.S. CBDC Is Unlikely in the Near Term: Bank of America

The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said. дальше »

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Ethereum and Solana lead DeFi surge as TVL and DEX activity soar

The DeFi sector has experienced a significant increase in both activity and token prices, primarily driven by Bitcoin’s October rally. Central to understanding this landscape is the concept of Total Value Locked (TVL) and decentralized exchange (DEX) volumes, two critical metrics that offer insights into the health and trajectory of DeFi protocols. дальше »

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Goldman Sachs and BNP Paribas lead $95m investment in Fnality

Fnality, a fintech firm specializing in tokenizing major currencies backed by central bank cash, has raised $95 million in a Series B round led by Goldman Sachs and BNP Paribas. According to a report on Nov. 14, Fnality, the London-based… дальше »

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History tells us we’re in for a strong bull market with a hard landing

Consumer debt is at a record high, a fact that will weigh on the market in 2024. Yet, it's safe to say central banks will keep rewriting the rules to keep the economy at full steam. дальше »

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Bitcoin: A Beacon Of Financial Liberation In A Dollar-Driven World

Bitcoin first and foremost is about obsoleting and obviating central banking and the economic damage and hardship they cause for regular people. дальше »

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Nobel’s charity trust to lobby CBDCs with new initiative

A newly formed organization will begin a dialogue among central banks to support adapting technical standards of different CBDC solutions. The Nobel Sustainability Trust (NST), a charity established by the members of the Nobel family, is set to push the… дальше »

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Why Bitcoin holds the upper hand against CBDCs

When FTX crashed in November 2022, it triggered a multi-billion dollar exodus spree, bringing Bitcoin down 22% in a single day. By the end of the month, the European Central Bank (ECB) fired an unusual shot across the crypto bow. дальше »

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U.S. policymakers introduce bill targeting China’s digital yuan

Senator Rick Scott introduced a prohibition act seeking to bar U.S. financial service operators from interacting with China’s central bank digital currency (CBDC). дальше »

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German parliamentarian dismisses CBDCs in favor of Bitcoin as global digital money debate rages on

German Parliamentarian Joana Cotar spoke out against introducing a Euro-based central bank digital currency (CBDC), claiming that “no one needs it. ” Cotar stated in a speech on Nov. 9 that the ECB and politicians backing a digital euro are doing so because they want total surveillance of the monetary system. дальше »

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India's Central Bureau of Investigation Appoints Liminal to Manage Seized Digital Assets

India's Central Bureau of Investigation (CBI), the premier investigating police agency in the nation, has appointed digital asset custodian Liminal to manage seized digital assets. дальше »

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UAE central bank to penalize unlicensed virtual asset service providers

UAE lawyer Irina Heaver explained that the new guidance is part of the UAE’s efforts to be removed from the Financial Action Task Force’s (FATF) “grey list.” дальше »

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U.S. Federal Reserve's Barr Holds Line on Central Bank Needing Stablecoin Powers

Vice Chairman Michael Barr argued that the Fed needs regulatory and enforcement authority over stablecoin issuers – a point of contention in the debate over legislation. дальше »

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Australian central bank’s surprise interest rate hike could signal global shift

Quick Take The Reserve Bank of Australia’s (RBA) recent decision to increase their interest rate from 4. 1% to 4. 35% – the first rise since May 2023 – presents an intriguing trend in contrast to the anticipated actions of the Federal Reserve and other Western central banks. дальше »

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Will Stringent Regulations Make Stablecoins New Mode of Payment in UK?

The UK central bank and financial watchdog have published two documents that outline an approach to regulating stablecoins at scale. The post Will Stringent Regulations Make Stablecoins New Mode of Payment in UK? appeared first on BeInCrypto. дальше »

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Bank of England rolls out stablecoin regulation plans as part of turning Britain into a crypto hub

The Bank of England (BOE), the central bank of the United Kingdom, recently released a plan to regulate stablecoins and come one step closer to providing adequate rules for the broader crypto industry. дальше »

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Ripple Joins Forces with National Bank of Georgia to Bolster CBDC Development

Ripple has been chosen by the National Bank of Georgia to develop a central bank digital currency (CBDC) pilot, beating out other competitors due to its technical superiority and staff expertise. The post Ripple Joins Forces with National Bank of Georgia to Bolster CBDC Development appeared first on BeInCrypto. дальше »

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XRP Sees Ultra Bullish Use Cases As Ripple Teams Up With Georgia’s Central Bank To Pilot CBDC

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Has Central Bank of Nigeria Declared War on Binance P2P Trading?

The Central Bank of Nigeria (CBN) is suspected of manipulating Binance's peer-to-peer exchange rates, causing USDT to fall 30% against the Nigerian Naira. The post Has Central Bank of Nigeria Declared War on Binance P2P Trading? appeared first on BeInCrypto. дальше »

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Ripple to power Georgia’s central bank digital currency, the digital lari

The National Bank of Georgia will use the CBDC platform to assess digital lari’s benefits for government, businesses and retail users. дальше »

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