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PortuguêsCBDCs are not only related to finance but diplomacy as well. With China now incentivizing users to pay with its digital renminbi [RMB] and South Korea also looking into a…
Continue ReadingAny digital currency issued by a central bank must support financial and monetary stability, finance leaders from G7 member states have insisted. State-issued coins should also ensure privacy, transparency, and…
Continue ReadingVisa’s foray into crypto grabbed the public’s attention after it purchased a CryptoPunk NFT for $150,000. However, this wasn’t exactly Visa’s first encounter with the world of crypto. In fact,…
Continue ReadingCardano faced a lot of FUD this year, especially before and immediately after the Alonzo upgrade. Furthermore, founder Charles Hoskinson also pointed a finger at media channels for spreading negative information.…
Continue ReadingFor the second year in a row, an Asian country topped the Index of Economic Freedom. Singapore’s world ranking and its high score were boosted by its property rights and trade…
Continue ReadingOn October 9, whistleblower and privacy advocate Edward Snowden published an opinion editorial concerning central bank digital currencies (CBDCs) and claimed CBDCs are “the newest danger cresting the public horizon.”…
Continue ReadingCentral Bank Digital Currencies are often classified as cryptocurrencies, but those who passionately believe in decentralization often view CBDCs with suspicion. On 7 October, Head of the Bank for International…
Continue ReadingIt’s hard to talk about the CBDC race without mentioning China. However, as more countries explore state-backed digital currencies, central banks sometimes find themselves turning to none other than alt…
Continue ReadingIs President Erdogan so out of touch with what’s happening around him that he declared war against Bitcoin? Or is this a case of “lost in translation” and quotes out…
Continue ReadingOne of the Big Three credit rating agencies, Moody’s Corporation, often referred to as Moody’s, has listed an employment opportunity for a “crypto-asset analyst.” Moreover, Moody’s job listing shows the…
Continue ReadingCBDC, also central bank digital currency, is a digital token issued by a country. Many governments and central banks around the world are exploring the use of CBDCs. Even though…
Continue ReadingNigeria had earlier in the year announced it planned to launch its own CBDC. The eNaira was announced after the government had banned banks and financial institutions from facilitating crypto…
Continue ReadingA $7 billion firm recently advised that land and cryptocurrency are two assets that can combat currency debasement. In addition, the contrarian investment company is telling investors that crypto assets…
Continue ReadingAccording to the ASI president, Central Bank Digital Currencies originate from Satan. And Bitcoin is not an alternative to currency but a speculative financial asset. ASI is a company that…
Continue ReadingIn much of Africa, many people still lack access to basic financial services for many reasons. One of the reasons is that financial institutions have set standards or thresholds that…
Continue ReadingRich Checkan described CBDCs as the spawn of Satan, and thinks that Bitcoin is still a speculative asset and not a currency alternative yet. Rich Checkan, the president of Asset…
Continue ReadingAs central bank digital currencies (CBDCs) advance in testing, a number of countries have taken the lead in an effort to create a CBDC. The enterprise blockchain firm Guardtime recently…
Continue ReadingThe China Central Bank has revealed many facets of its Central Bank Digital Currency in a newly released whitepaper, one of the plans in the whitepaper is that the PBOC…
Continue ReadingIn line with its hardline stance on cryptocurrencies, the Central Bank of Russia (CBR) has issued a recommendation against the listing of securities tied to crypto assets on the country’s…
Continue ReadingCentral banks of Singapore and France are developing a digital coin interoperability system that will support various global CBDCs. The Financial authorities of both countries are seriously exploring the CBDCs…
Continue ReadingPresident of the European Central Bank Christine Lagarde took to Twitter earlier to announce that the European Central Bank has decided to move up the investigation phase for the euro…
Continue ReadingIsrael is the latest country to admit it’s been working in a Central Bank Digital Currency for a few years now. While giving a conference in the Fair Value Forum,…
Continue ReadingThe central banks of Switzerland and France are joining hands with the Bank for International Settlements to test wholesale central bank digital currencies in cross-border transactions. The experiment will be…
Continue ReadingKalashnikov Group, the Russian firearms manufacturer, is ready to transition to settlements in digital currency. The announcement came from the international economic forum in Saint Petersburg where the central bank…
Continue ReadingThe digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report. A failure to offer a…
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