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UN Kenyan Mission Praises Local Blockchain-Based Initiative for Helping to Reduce Poverty
25.6.2021
The United Nations (UN) mission in Kenya recently praised a local blockchain-based community inclusion currency (CIC) initiative for its part in helping to reduce poverty in one of the country’s poor informal settlements. The mission’s sentiments follow a tour of the Mukuru informal...
Former NYSE President Says for Bitcoin to Exceed Gold It Needs to Be Accepted More as Currency
24.6.2021
On June 24, the CEO of Far Peak Acquisition Corp. and former New York Stock Exchange (NYSE) president, Thomas Farley discussed the future of bitcoin and gold on the CNBC broadcast Squawk Box. Farley is optimistic about the leading crypto asset but he doesn’t believe it will surpass...
Thinkers Suggest Launching a Pan-Central American Digital Currency
24.6.2021
Source: Adobe/IdeaBug, Inc.
El Salvador’s pending adoption of bitcoin (BTC) as legal tender has set Central American thinkers to question whether the region could seek to compete with other economies by launching a joint-central bank-run digital currency for use around the region.
In a column...
DOJ Seeks Trial Attorney With Extensive Blockchain and Crypto Knowledge
24.6.2021
The U.S. Department of Justice (DOJ) is seeking a trial attorney to help with the federal executive agency’s Digital Currency Initiative. The DOJ posted a job listing on the justice.gov web portal and the hired individual is expected to serve as an “expert on digital currency...
BIS optimistic about central bank digital currencies
23.6.2021
The central bank of central banks says CBDCs are necessary for maintaining the status quo of the legacy financial system
Rwanda Central Bank Joins CBDC Bandwagon After Announcing Digital Currency Research
23.6.2021
The National Bank of Rwanda (NBR) has become the latest African central bank to join the digital currency movement after an employee confirmed the institution is studying the possibilities of issuing its own digital currency. CBDC Implications on Financial Stability According to the employee, John...
Bank of France, Swiss Crypto Bank Test Securities Settlement Using CBDC
23.6.2021
The Bank of France has successfully completed an experiment involving the use of CBDC to settle listed securities. The test has been carried out with the help of an alliance of partners led by SEBA Bank, a digital asset banking provider based in the Swiss crypto valley. Central Bank and Crypto...
New Bank of America Report Says Digital Currencies ‘Could Boost Economic Growth’ in Developing Countries
23.6.2021
A new Bank of America (BOA) research study has found that both central bank digital currencies (CBDCs) and private digital currencies hold “a lot of potential” for increasing financial inclusion in developing countries. In the report, the bank also argues that such “digital...
Privacy Is Key for Successful Digital Euro, Data Protection Body Says
22.6.2021
The European Data Protection Board (EDPB) has issued a call for EU institutions to uphold privacy when designing a digital version of the euro. The agency is ready to provide advice on data protection matters surrounding the project. Meanwhile, an ECB executive has vowed that the digital euro will...
Powers On... El Salvador is the unlikely leader for sovereign adoption of Bitcoin as national currency
22.6.2021
The question is not whether Bitcoin will be the future of money; the question is how, where and when it will be the future of money
Chris Giancarlo: U.S. risks becoming 'backwater' without central bank digital currency
22.6.2021
The former CFTC chairman weighs in on what a U.S. CBDC might look like, as well as the benefits it could bring to American citizens
PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately
21.6.2021
China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin...
Banque de France tests digital currency-based securities settlement
21.6.2021
The Bank of France has completed a central bank digital currency pilot for securities transactions in collaboration with Swiss crypto bank SEBA
Economist Steve Hanke Warns Salvadoran Bitcoin Adoption Could ‘Completely Collapse the Economy’
20.6.2021
The professor of applied economics at Johns Hopkins University, Steve Hanke, has recently been criticizing bitcoin adoption taking place in El Salvador. Hanke doesn’t think it’s a good idea for the Latin American country to use bitcoin as legal tender and says it could “completely...
More Than Two Dozen Crypto ATMs to Be Installed in Texas-Based H-E-B Grocery Stores
19.6.2021
H-E-B shoppers will soon be able to obtain digital assets at more than two dozen locations in Texas. Coin Cloud, a crypto automated teller machine (ATM) provider, says 29 H-E-B stores will feature kiosks that provide access to more than 30 crypto assets including defi tokens and stablecoins. H-E-B...
Spanish Deputies File Proposal to Accelerate the Creation of a Digital Euro
19.6.2021
A group of Spanish deputies filed a proposal that seeks to accelerate the implementation of a digital euro. The proposal, presented on June 8, asks for the creation of a group to study the implementation of a digital currency in the Eurozone. This study group, if created, would be aided by the Bank...
Over 3,000 ATMs in Beijing Offer Digital Yuan Withdrawals
18.6.2021
Leading Chinese banks have introduced digital yuan withdrawals at more than 3,000 ATM locations in Beijing. Residents of the capital city will now be able to exchange their e-CNY funds for cash and vice versa. Some of the teller machines are located in a popular shopping area. Banks Launch Support...
Over 3,000 ATMs in Beijing can now convert digital yuan into cash
18.6.2021
The Agricultural Bank of China previously debuted digital yuan ATMs this January
Subcontractors and Builders Located in China’s Xiong’an New Area Are Being Paid in Digital Yuan
14.6.2021
Xiong’an New Area, a state-level new area in Hebei, China, is seeing the use of onchain digital yuan payments, according to a circular issued by the Xiong’an government. The announcement details that Xiong’an subcontractors and builders are being paid using the central bank...
After Central Bank Devalues Naira by 5% Finance Minister Attributes Drop to ‘Market Forces’
14.6.2021
Nigerian Finance Minister Zainab Ahmed has denied widespread reports that the Central Bank of Nigeria (CBN) had sanctioned the devaluation of the local currency sometime in May 2021. Instead, she attributes the naira’s fall to the “volatility in the oil price.” Ahmed’s...