Guiding the Chinese Central Bank Digital Currency the World Admires and Fears

Many nations, especially the economic superpowers, began the year in fear of being left behind by China’s relentless progress with its digital yuan. For leading the development of the most advanced major CBDC, Mu Changchun is one of CoinDesk’s Most Influential 2022.

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One Year on, Has E-Naira Defeated the Private Crypto Adoption? Apparently Not

It has been one year since Nigeria launched Africa's first central bank digital currency (CBDC), but reports find that the response is all but overwhelming. The post One Year on, Has E-Naira Defeated the Private Crypto Adoption? Apparently Not appeared first on BeInCrypto.

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Crypto Outperformers of 2021: How They Have Performed One Year On

After a massive rally in 2021, cryptocurrency markets have this year crashed back down to earth. That's thanks to aggressive interest rate policies from global central banks as well as the war in Ukraine.

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Set Oversight On Crypto Now Rather Than Later, Says England Central Bank Regulator

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China Will Extend Its Testing of the Digital Yuan to Its Most Populated Provinces

According to a top central bank official, China will extend the reach of its ongoing digital renminbi trials to include the entirety of several of its most populous and advanced regions by the end of the year. e-CNY Set To…

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Hong Kong Monetary Authority to Begin CBDC Trials in Q4: Report

The Hong Kong Monetary Authority (HKMA) plans to be trialling a central bank digital currency (CBDC) in the fourth quarter of this year, the South China Morning Post (SCMP) reported Tuesday.

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Afghan police close down cryptocurrency exchanges to enforce central bank ban: Report

The Afghan central bank declared forex trading un-Islamic and illegal earlier this year, and issued a warning about continuing activities a month later; now arrests have been made.

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First Mover Asia: Bitcoin Hovers Over $21K in Weekend Trading; India Crypto Industry's Challenging Year

High German inflation and ongoing macroeconomic uncertainty raised market anxieties. Investors will be eyeing comments by Fed Chair Jerome Powell at a central bank symposium in Wyoming.

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Bitcoin, Ether Drop as Analysts Fear Fed Minutes Will Dash Hopes for 2023 Easing

Risk assets recently rallied in hopes that inflation has peaked and the Fed would cut interest rates next year. The central bank's tightening cycle roiled cryptocurrencies early this year.

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SANGO Coin Is Defining What It Means To Be A Government-Backed Cryptocurrency

SANGO Coin has burst into the scene this year and is already changing what it means to be a government-backed cryptocurrency. The first-of-its-kind cryptocurrency is bringing all of the power of the bitcoin blockchain to create a digital-first economy that is directly backed by the Central African Republic.

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I went to El Salvador: Lightning made it possible

Setting foot on El Salvadoran soil is something I have wanted to do since September 7th of last year, which was the day that the Central American country became the first nation to declare Bitcoin as legal tender.

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Gemini Can Provide Crypto Service In Ireland Now, Receives First License

The Central Bank of Ireland has provided regulatory approval to Gemini, a cryptocurrency exchange. Gemini will now be able to extend crypto services in Ireland. The exchange is situated in Ireland (Dublin), it established its headquarters there in the year 2021.

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El Salvador, Unfazed By The Bear Market, Buys 80 Bitcoin – Will Others Do The Same?

El Salvador’s president and Bitcoin fanatic, Nayib Bukele, doubled down on his country’s sinking investment in the cryptocurrency by purchasing more than $1. 5 million more on Friday. The Central American nation hogged the headlines last year when it became the first nation to recognize bitcoin as legal cash.

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BIS General Manager calls on people to trust central banks, CBDCs

In drumming up interest for this year’s Bank of International Settlements (BIS) Annual Report, General Manager Agustin Carsten said, “the soul of money is trust,” about Central Bank Digital Currencies (CBDCs).

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Bank of Israel Digital Shekel CBDC Trial Highlights Risk of Unsupervised Smart Contracts

After extensive digital shekel CBDC research lasting almost a year, Israel's central bank believes that smart contracts should fall under its supervision. The post Bank of Israel Digital Shekel CBDC Trial Highlights Risk of Unsupervised Smart Contracts appeared first on BeInCrypto.

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Consensus 2022 Visitor Guide: CBDCs and Public Money

Central bank digital currencies, including a possible digital dollar, remain a hot-button topic in the crypto world. Here’s a rundown of our top choices for attendees interested in government and money at this year’s Consensus Festival in Austin, Texas.

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Cuba Now Requires Crypto Firms To Obtain Central Bank License

Cuba appears to be moving towards wider crypto adoption. Following the Banco Central de Cuba’s recognition of cryptocurrencies for transactions last year, the central bank has issued new regulations that would require crypto service companies to obtain licensing.

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Central Bank of Cuba to License Digital Asset Service Providers

Licenses will be valid for one year and may be extended for an additional year, the bank announced Tuesday.

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Are Central Banks Losing Control Of The Economy?

The Federal Reserve has an upcoming FOMC meeting in May, in which many people expect them to raise interest rates for the second time this year.

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Jamaica’s central bank digital currency and the problems it hopes to solve

Jamaica’s new central bank digital currency, slated for launch early this year, aims to help address economic issues on the island nation.

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Bitfinex Alternatives – Best Exchanges Like Bitfinex [2022 Edition]

2018 is the year of the cryptocurrency. The market cap of cryptocurrencies, the world’s fastest growing asset class, shot through the roof in 2017 and has surpassed $677 billion. Cryptos received the attention of the global central banks so it is not wrong to say that pandora’s box has opened.

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Federal Reserve Adopts Strict Trading Rules Following a Scandal

deter their officials from further scandals. Per the report, Federal Reserve members are prohibited from holding investments like cryptos. The new restrictions aim to prevent a reoccurrence of ethics scandals that menaced the US Central Bank last year.

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Governor Of Hungary’s Central Bank Has Just Proposed EU-Wide Ban On Bitcoin

Several nations have already outlawed cryptocurrencies like bitcoin, with China being the most high-profile example. The People’s Republic of China infamously declared all virtual currency-related activities illegal last year.

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Despite CBN ban, Nigeria’s Bitcoin P2P trades rose by 16%

Last year, the Nigerian Central bank prohibited banks from facilitating crypto transactions citing the need to protect the economy and investors. The post Despite CBN ban, Nigeria’s Bitcoin P2P trades rose by 16% appeared first on CryptoSlate.

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Bukele’s El Salvador 23% Down On Bitcoin Investments Less Than A Year Since Adoption

El Salvador’s bitcoin experiment has been ongoing for less than a year. Things aren’t going as smoothly as the small Central American country had hoped, at least in terms of bitcoin investments as the crypto market enters a bloodbath.

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South Korea’s Central Bank Completes Phase One of CBDC Pilot

The Bank of Korea (BOK) has announced the successful completion of the first phase of its two-phase central bank digital currency (CBDC) pilot. The BOK has hinted that the second phase of the digital won trial is ongoing and is expected to end in June this year, according to a Yonhap report on January 24,Read More

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Bitget: Defying the Crypto Odds in 2021

Singapore, December 29, 2021– As the year comes to an end, we can look back and say that 2021 was a pivotal year for the crypto industry. Significant milestones were achieved, with Bitcoin reaching new all-time highs on multiple occasions, the NFT boom, and DeFi seeing widespread adoption by central governments and traditional financial institutions.

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From art to gaming: The biggest NFT trends of 2021

Pop culture NFTs, blockchain art games, Metaverse NFTs, charity auctions and worldwide NFT art are the year's central themes.

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Bank of England to Coordinate with International Regulators for Stricter Crypto Rules

The Bank of England to step up its talks with the international counterparts on a regulatory regime for cryptocurrency next year. In an interview with The Times, Sarah Breeden, executive director for financial strategy and risk at the central bank, said that as banks begin to offer crypto-assets trading and custody services to clients, global […] The post Bank of England to Coordinate with International Regulators for Stricter Crypto Rules first appeared on BitcoinExchangeGuide.

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Big Week Ahead In Crypto with Central Banks Meeting, What’s Happening in the Bitcoin Market?

Bitcoin price spiked on Sunday to reclaim $50,000 only to be back under this level before the end of the day. On Monday, as of writing, BTC/USD is trading just above $48k. The cryptocurrency is still up more than 81% from its year low of about $27,700 in early January but down about 30% from […] The post Big Week Ahead In Crypto with Central Banks Meeting, What’s Happening in the Bitcoin Market? first appeared on BitcoinExchangeGuide.

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India’s Central Bank Says It Could Launch Pilot Tests For Its CBDC In Q1 2022

The Reserve Bank of India (RBI), the nation’s central bank, is exploring the viability of a central bank digital currency (CBDC) and may launch pilot tests early next year, according to a report in local news outlet the Business Standard.

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India: RBI clamps down on illegal digital lending before CBDC pilot next year

As the regulatory landscape in India is expected to slowly gain clarity on the crypto front, officials appeared bullish on an Indian CBDC next year. As per local reports, a senior central bank officerThe post India: RBI clamps down on illegal digital lending before CBDC pilot next year appeared first on AMBCrypto.

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Binance and Coinbase Apply for a License in Singapore, Total Applicants Halved from Last Year

Both Binance and Coinbase’s Singapore units are among 70 applicants for a license to provide cryptocurrency services in the country. According to the central bank Monetary Authority of Singapore’s (MAS) website, the number of firms operating with an exemption while their application is processed has now declined from 170 that last year applied for a […] The post Binance and Coinbase Apply for a License in Singapore, Total Applicants Halved from Last Year first appeared on BitcoinExchangeGuide.

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Digital Euro Is Coming: ECB’s Panetta Argues In favor

The ECB weights in favor of incorporating a digital euro. The vision’s details were shared by Fabio Panetta, a member of the executive board of the European Central Bank (ECB). The possibility of a European CBDC for retail payments started being discussed at the beginning of the year by the central bank and was put […]

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CBDCs: Project mBridge to enter pilot stage next year

CBDC fever has spurred many financial institutions across the world into action. Along with the BIS Innovation Hub, the Bank of Thailand, the Central Bank of the U.A.E., the People's Bank of China [DiThe post CBDCs: Project mBridge to enter pilot stage next year appeared first on AMBCrypto.

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Brazilians bought over $4 billion worth of crypto in 2021

Brazil’s Central Bank has released data showing that its citizens have spent a total of $4.27 billion on cryptocurrency alone since the beginning of the year. The post Brazilians bought over $4 billion worth of crypto in 2021 appeared first on CryptoSlate.

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Brazil's central bank says crypto investments could double by year end

The cryptocurrency market's exponential rise to the mainstream was both a catalyst and a result of increased retail and institutional investments worldwide. A glimpse of the same can be seen in a repoThe post Brazil's central bank says crypto investments could double by year end appeared first on AMBCrypto.

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Brazil’s Central Bank Governor Expects Crypto Investment in Country to Surpass $9 Billion

Brazilians have already bought more than $4 billion in crypto this year up to August, as per the central bank report. The post Brazil’s Central Bank Governor Expects Crypto Investment in Country to Surpass Billion first appeared on BitcoinExchangeGuide.

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China Completely Blacklists Crypto Mining, Adds It To The “Negative List For Market Access”

China’s authoritarian government has fixed its sights firmly on cutting all access to cryptocurrency-related activities in the country. Regulators in China banned cryptocurrency trading and mining this year, with the country’s central bank reiterating the ban by announcing that all crypto-related business dealings were now “illegal” late last month prompting cryptocurrency businesses to begin to […]

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BoE Selects Consensys, R3, eCurrency, Diem Association & Other Banking and Payments Giants to Help with its CBDC

This week, the Bank of England announced the membership of the central bank digital currency (CBDC) Engagement and Technology Forums. The creation of the groups was first announced in April this year alongside the CBDC task force to explore the potential of a UK CBDC.

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Why Are Bitcoin Mining ASIC Prices Surging And Where Will They Go Next?

The prices of ASICs, computing components central to Bitcoin mining, have surged this year. But why? And where will they go next?

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Tajikistan Trials CBDC with Fantom (FTM), Chile to Decide on Digital Peso Roll-out Early Next Year

The Fantom Foundation is working with one of Tajikistan's oldest and biggest banks, Orienbank, to build a Central Bank Digital Currency (CBDC) for the Republic of Tajikistan. For the creation of E-SOM, the digitized version of the Tajikistani Somoni, the Foundation has signed a Memorandum of Understanding (MoU) with the bank.

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ECB President Warns Against The Highly Speculative Nature Of Bitcoin, Ether, Cardano, Solana

Key Takeaways Christine Lagarde, ECB president warns against cryptocurrencies. The cryptocurrency market continues to blossom regardless of skeptical views. Long-term sentiments remain bullish. Amidst the massive growth and adoption that cryptocurrencies have seen this year, there are still skeptics who consider the asset class to be lacking in certain areas. Joining some other central bankers […]

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Here's how Russia is planning to 'put the brakes' on crypto-buying

Interest in cryptocurrencies has skyrocketed this year. However, the 330% hike in Bitcoin's value has also enticed many to get in for a quick buck. Russia's Central Bank has taken note of this 'emotioThe post Here's how Russia is planning to 'put the brakes' on crypto-buying appeared first on AMBCrypto.

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Stablecoins, Algorithms and AMOs —Changing the Future of Finance

Regulators and central banks have paid close attention in recent weeks to stablecoins as the emerging asset class hit a total market cap of more than $100 billion. They’ve recognized the asset class, up fourfold this year alone, is far too big to ignore.

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Jamaica’s Central Bank Begins Minting Country’s Digital Currency (CBDC)

Central Bank Digital Currencies (CBDCs) have become a hot topic in the last year, with Asian giant China leading the charge. However, Caribbean nation Jamaica is now at the forefront following its roll-out of its first wholesale digital currency in a recently concluded ceremony.

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Why The Bitcoin Price Is Down Since April

Explaining the factors behind bitcoin's price drop this year and exploring the latest in central bank news.

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Join the best marketing ICO of the year with Smart Marketing Token

The creation of the blockchain for Bitcoin became the first digital money to solve the double-spending issue without using a trusted authority or central server. Because the internet and blockchainThe post Join the best marketing ICO of the year with Smart Marketing Token appeared first on AMBCrypto.

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PBOC to Maintain High Regulatory Pressure on Crypto Trading for the Rest of 2021

China's central bank held a meeting to discuss work priorities for the second half of the year. It vowed to continue to put high regulatory pressure on virtual currency trading in the second half of the year.

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