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PortuguêsRepresentative McHenry is convinced that Congress should take crypto regulation away from executive agencies and courts. In a letter to the leadership of the United States House Financial Services Committee,…
Continue ReadingMany in the crypto and blockchain space referred to Giancarlo as “Crypto Dad” for his role in supporting digital assets during his five years at the CFTC. Chris Giancarlo, who…
Continue Reading2021 was an eventful year for the German crypto industry. Cointelegraph takes a look at the most important developments of the past year in a review. An interesting year has…
Continue ReadingA recent note from Bank of America analysts said that a CBDC would differ from digital currencies currently available because it would be the liability of the Federal Reserve, not…
Continue ReadingThe Bank Of Korea has effectively concluded the pilot testing of the issuance and distribution of their digital currency. It has also gone to state that BOK will have the…
Continue ReadingAs the Federal reserve releases its position paper on CBDCs, the Russian Central Bank instigates yet another crypto ban scare. Last week, two central banks dropped public reports that can…
Continue ReadingLittle more than a week before the global launch of China’s CBDC, a neighbouring country has announced the “successful” completion of a CBDC pilot. CBDCs over Flowers According to The…
Continue ReadingEducation and awareness campaigns are still viewed as important channels that draw people to cryptocurrencies and blockchain. This has been particularly true in some parts of Africa where bitcoin and…
Continue ReadingThe second phase of the CBDC mock testing is expected to complete by June this year The Bank of Korea has successfully completed the first phase of its central bank…
Continue ReadingFrom Bolivia to China, governments sought to restrict crypto-related activity for various reasons and with different tools. Last week, Pakistan’s Sindh High Court held a hearing on the legal status…
Continue ReadingCrypto to prevail over the traditional financial system, instead, competing industries started to adopt each other’s technologies and cooperate. The year 2022 is here, and banks and the traditional banking…
Continue ReadingBanks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer…
Continue ReadingThe Central Bank of Iran soon plans to launch the pilot phase of its digital currency project, an official unveiled. The Islamic Republic hopes to a join a growing club…
Continue ReadingAfter being in the pipeline for quite some time, the U.S Federal Reserve’s white paper on the development of central bank digital currency (CBDC) was finally released on Thursday. The…
Continue Reading“The Federal Reserve would only pursue a CBDC in the context of broad public and cross-governmental support,” said the recently published paper. The U.S. Federal Reserve is opening comments to…
Continue ReadingChina’s central bank digital currency now has 261 million unique users, according to an official of the central bank, the People’s Bank of China (PBOC). Furthermore, transactions worth 87.5 billion…
Continue ReadingAccording to the boss of the international institution owned by central banks, it is central banks that are best positioned to shape the future of money. In a speech entitled…
Continue ReadingThe Central Bank of Iran hinted at a possible CBDC pilot soon without elaborating on the time frame of the program. The Central Bank of Iran (CBI) is reportedly planning…
Continue Reading“This does not mean the SNB is not interested in CBDC, but our focus is to look at the role that wholesale CBDCs could play,” said Andréa Maechler. Andréa Maechler,…
Continue ReadingStrong framing move by U.S. Representative Tom Emmer and a looming threat of another crypto ban in Asia: a digest of last week’s top crypto policy stories is here. Last…
Continue ReadingThe Caribbean country expects a nationwide CBDC rollout by the end of the first quarter of 2022. Central bank digital currency (CBDC) evolved into a hot topic in Jamaica when…
Continue ReadingA new report from EY highlights the need for a policy change for banks to overcome business uncertainties regarding digital assets. Big Four accounting firm EY has recommended that banks…
Continue ReadingOne might be tempted to think that China has dropped out of the crypto race, due to its stance against crypto transactions and more recently, NFTs. However, the country’s latest…
Continue ReadingVisa and ConsenSys, a blockchain software startup, are working to develop a central bank digital currency (CBDC) pilot program to explore retail applications such as cards and wallets. Both firms…
Continue ReadingAccording to British lawmakers, a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability. They insist the touted potential advantages of a…
Continue ReadingThe Swiss National Bank has successfully employed a wholesale CBDC to settle transactions with five commercial banks, the monetary authority announced. The tests are part of an experiment carried out…
Continue ReadingA U.S. lawmaker has introduced a bill in Congress to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals. “It is important to note…
Continue Reading“We want to make sure that we do the requisite research on policy and technology so we’re in a position to move forward if Congress decides it’s important to be…
Continue ReadingPayments giant Visa has deepened its involvement in the digital currency space with a new partnership focused on central bank digital currencies (CBDC). The firm has teamed up with blockchain…
Continue ReadingMuch like most central banks globally, the U.S. Federal Reserve has also been under the process of developing a central bank digital currency (CBDC) for quite a while. The country’s…
Continue ReadingOn Jan. 11, Federal Reserve Chair Jerome Powell told Senate legislators that nothing prevents privately issued stablecoins from coexisting with a prospective Fed central bank digital currency (CBDC). Jerome Powell…
Continue ReadingThe Swiss National Bank integrated wholesale CBDC in banking systems with five commercial banks as part of the second phase of Project Helvetia. Switzerland took another step to clarify the…
Continue ReadingA new report highlights private-sector innovation and greater financial inclusion with CBDCs, but raises concerns around the descending hegemony of the U.S. Dollar. The House of Lords Economic Affairs Committee…
Continue ReadingSupporters of decentralized crypto and blockchain technology are usually against CBDCs, or even the idea of government-controlled digital currencies. However, CBDC FUD and anxieties relating to digital currencies have also…
Continue ReadingHaving the Fed require users to open accounts to access the benefits of a digital dollar would put it “on an insidious path akin to China’s digital authoritarianism,” according to…
Continue ReadingThe new wallet of China’s state-issued digital currency has quickly become one of the most downloaded applications in the country, within days of its launch. Its use and integration with…
Continue ReadingETH’s futures markets are slightly bearish, but options traders appear to be interpreting the rally to $3,200 as a bottoming signal. Ether (ETH) has been an emotional rollercoaster over the…
Continue ReadingChina’s e-CNY prototype, a centrally-backed digital currency, went live in select cities earlier this month. As the country is looking to officiate its CBDC during Winter Games, scheduled to take…
Continue ReadingThe pilot version of China’s official digital yuan wallet app has become the most downloaded app in local mobile app stores. The official digital yuan wallet app that was released…
Continue ReadingChina’s social media giant, Wechat has said it will support the digital yuan in a move that is expected to increase the of Chinese residents that use the central bank’s…
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