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Monetary Stability: The IMF and Fed Chair Jerome Powell Discuss Digital Currency Implications
19.10.2020
On Monday, the International Monetary Fund (IMF) published a report on crypto assets like central bank digital currencies (CBDCs) and global stablecoins (GSCs). Moreover, the IMF also hosted a virtual panel that discussed digital currencies and cross-border payments with the Federal Reserve Chair...
Private Vs. State-run digital currencies: which could replace the dollar?
19.10.2020
Author David Birch says a number of digital assets will arise to challenge the dollar as the dominant world currency
Better to get it right than to be first with CBDC, says US Fed chair
19.10.2020
The U.S. already has a “safe and active dynamic domestic payment system,” Powell argued
95% of winners in China’s CBDC lottery spent digital yuan prizes
19.10.2020
Some winners purchased additional digital yuan during the pilot
Bitcoin Adoption Soars in Turkey Amid High Inflation, Lira Hitting Record Low
19.10.2020
People in Turkey are increasingly turning to bitcoin as the local currency, the Turkish lira, recently hit another record low against the dollar. Bitcoin adoption in Turkey outshines other countries in the region. Turkey Is Regional Leader in Bitcoin Adoption Bitcoin adoption has been increasing...
Where Does Bitcoin Fit in the Global Reserve Currency Game?
17.10.2020
On this "Speaking of Bitcoin" episode, join hosts Adam B. Levine, Andreas M. Antonopoulos, Stephanie Murphy, and Jonathan Mohan for a look at the past, present and future of global reserve currencies
E-Krona or Bust, Says Sweden’s Chief Central Banker, Trying to Drag Swedish Govt Into Digital Age
16.10.2020
Riksbank Governor Stevan Ingves sees a Swedish digital currency as an imperative for his central bank
Bank of Spain to Weigh Digital Currency Design Proposals, ‘Implications’ Through 2021
16.10.2020
The "priority" research comes as Spain weighs a global pivot to digital economies
Okex Halts Withdrawals Due to ‘Out of Touch’ Private Key Holder, Founder Star Xu Talks With Police
16.10.2020
The digital currency exchange Okex disabled cryptocurrency withdrawals on Friday morning and explained that funds were “safe and not affected.” Following the withdrawal announcement, regional reports claim that Okex’s founder Mingxing “Star” Xu was taken away by...
Five Russian banks express interest in piloting digital ruble
16.10.2020
The first pilots of Russia’s digital currency are expected to launch in H1 2021
Fed Chairman Powell to Speak About Digital Currencies Next Week at IMF
15.10.2020
Federal Reserve Chairman Jerome Powell will speak next week as part of a panel on the future of cross-border payments at the International Monetary Fund’s (IMF) annual meeting
Governments and banks are the only winners with fiat currency, says Max Keiser
15.10.2020
His doom and gloom comments continue to roll in for global currencies
‘No single digital currency will dominate the world’ Bank of Japan now says
15.10.2020
Japan's policymakers appear disconcerted by the advancement in China's CBDC iniative
The Bahamas central bank wants to make its digital 'Sand Dollar' global
15.10.2020
The Bahamas’ digital currency is currently used domestically
Starbucks and McDonald’s reportedly not testing China’s digital yuan
14.10.2020
Starbucks and McDonald’s are reportedly not part of the 3,000 merchants piloting China’s CBDC
The IMF, G20 and BIS Gear Up for the Central Bank Digital Currency Era
13.10.2020
New reports on digital currency design principles and regulatory standards show just how quickly the world’s bankers are moving
Bank of Russia issues consultation paper on digital ruble
13.10.2020
Russia’s central bank says that the digital ruble can be an “additional form of money alongside cash and non-cash.”
Grayscale’s Ethereum Trust Attains SEC Reporting Company Status
13.10.2020
Grayscale Investments says the registration statement on Form 10 that it filed with the U.S. Securities and Exchange Commission (SEC) on behalf of the Ethereum Trust has become effective. This means Ethereum Trust is now an official SEC reporting company and the second digital currency investment...
IMF, World Bank, G7 Countries to Create Central Bank Digital Currency Rules
13.10.2020
The United States, Canada, Britain, Germany, France, Italy and Japan will institute national digital currency banking standards with the International Monetary Fund and World Bank
Central Banks Haven’t Made a Good Case for Digital Currencies: WSJ’s Heard on the Street
12.10.2020
Central banks are rushing into digital currencies without considering how the risks might outweigh any benefits, the column argues