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Digital euro could take four years, says ECB president Christine Lagarde
31.3.2021
The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said
African Migrants Are Turning to Cryptocurrency Platforms for ‘Low-Fee Remittances’
31.3.2021
As central banks on the African continent fight to keep cryptocurrencies from going mainstream, many more migrant workers are increasingly turning to money-sending platforms that use cryptocurrencies when moving funds across borders. More Than Just an Investment Thus in addition to becoming...
Digital ruble is ‘highest form of money’, Russian Bitcoin critic says
30.3.2021
The digital ruble will become an integral part of national settlements by 2023 or 2024, Anatoly Aksakov of the Russian State Duma predicted
Soros CIO: Central Bank Digital Currencies a Real Threat to Crypto but Won’t Permanently Destabilize Bitcoin
29.3.2021
Soros Fund Management’s chief investment officer (CIO) says that central bank digital currencies are a potential threat to bitcoin and other cryptocurrencies but it will only be temporary. She also says that bitcoin is taking some of gold’s buyer base away. Crypto’s...
Bahamas' Sand Dollar nears commercial rollout as interoperability completed
29.3.2021
Following cybersecurity assessments, commercial institutions are being cleared to issue the world's first CBDC — the Bahamas' Sand Dollar
The Fed Plans to Unveil Digital Dollar Prototypes in July
28.3.2021
The Federal Reserve is actively working on a central bank digital currency and some prototypes are near completion. The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) plan to unveil two prototypes of a digital dollar as early as July. Digital Dollar Prototypes...
Survey Shows 77% of Americans Are Concerned About Rising Inflation, Prices for Goods Are Soaring
28.3.2021
Since well before the Covid-19 outbreak was found in America, the U.S. Federal Reserve invoked a number of monetary easing policies. Then throughout 2020, the central bank created a quarter of all the USD ever issued in less than 12 months to help the economy during the outbreak. Despite Fed Chair...
Russian Anti-Money Laundering Body Will Monitor Crypto to Fiat Transactions, Says Official
28.3.2021
Herman Neglyad, the deputy of the Russian anti-money laundering body, Rosfinmonitoring, has said his organization will monitor cryptocurrency transactions that involve the conversion from crypto to fiat. Neglyad made this revelation during a recent meeting of the State Duma Committee on financial...
Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned Banks
26.3.2021
Following the interview with Ma Changchun, the head of the People’s Bank of China-run Digital Currency Research Institute, a recent report indicates that residents from Beijing and Shanghai can now apply for a digital yuan wallet. According to the report, six different Chinese banks will...
China’s digital yuan os backup to AliPay and WeChat Pay, says official
26.3.2021
Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China
RBI Governor Says Government and Central Bank Agree on Cryptocurrency Approach
26.3.2021
RBI Governor Shaktikanta Das says that there is no difference of opinion between the Reserve Bank of India (RBI) and the finance ministry on cryptocurrencies. While the finance minister said that the government will not shut off all options and will take a calibrated position regarding crypto...
Jamaica's central bank taps Irish tech outfit for CBDC project
26.3.2021
The Bank of Jamaica has partnered with an Ireland-based tech firm for its central bank digital currency project scheduled to begin in May
Jamaica Plans to Pilot a Central Bank Crypto, CBDC to Work Alongside Notes and Coinage
26.3.2021
While a number of countries are working on central bank digital currencies (CBDCs), on Tuesday, the Bank of Jamaica (BoJ) announced it will soon be piloting a CBDC project. The BoJ is working with a firm called Ecurrency Mint Incorporated and plans to pilot the cryptocurrency in May. Jamaican CBDC...
Microsoft President Says the World Is Best Served When Currencies Are Issued and Backed by Governments
25.3.2021
Microsoft President Brad Smith says that “The world is best served when currencies are issued, backed by and regulated by governments.” He further emphasized that he is not a fan of encouraging the private sector to issue digital currencies. Microsoft’s President Says Currency...
Central Banks Focus On Financial Inclusion As Cryptos Get Traction
25.3.2021
Central banks are seemingly looking to steal the show from decentralized cryptocurrencies as they are also aiming to increase financial inclusion by issuing central bank digital currencies (CBDCs).
China
"We still have a lot of remote areas, or poor areas, and in those areas people...
European Central Bank tries to quell Germans' doubts about digital euro
25.3.2021
A future digital euro wouldn't be a threat to savers, say officials from the European Central Bank
Microsoft president says fintechs should leave currency to central banks
24.3.2021
Microsoft president Brad Smith is not keen on the idea of technology companies issuing private stablecoins
German federal bank runs successful blockchain system without a CBDC
24.3.2021
Executives at the Deutsche Bundesbank are eager to launch a blockchain-based system without the need for a CBDC — and they just might succeed
The Turkish Lira Plunges Following Removal of a Central Bank Governor, BTC Searches up
23.3.2021
The Turkish lira currency plunged by more than 10% on March 22 after the country’s President Recep Tayyip Erdogan unexpectedly fired Naci Agbal, the country’s central bank governor. Having initially touched a new low of 8.280 a dollar, the lira recovered to close at 7.75 a dollar...
China’s digital yuan will offer best privacy protection, says official
22.3.2021
The People’s Bank of China intends to enable anonymous digital yuan transactions of small amounts in order to protect “reasonable” anonymity needs