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IMF Proposes Digital Money to Enhance Financial Inclusion in Pacific Island Nations
26.3.2024
The IMF has suggested that digital money could significantly improve financial inclusion and enhance the quality of financial services in the remote and dispersed nations of the Pacific Ocean.
The post IMF Proposes Digital Money to Enhance Financial Inclusion in Pacific Island Nations appeared...
Digital Euro Association Partners With HBAR Foundation to Boost Understanding of CBDCs and Stablecoins
28.2.2024
The Digital Euro Association (DEA) has entered into a partnership with the HBAR Foundation. This collaboration aims to bolster its comprehension of central bank digital currencies (CBDCs) and stablecoins. Although this partnership marks a significant milestone in the digital currency landscape...
New Cardano (ADA) alternative priced at mere $0.09 poised to grow 50x in 2024
29.1.2024
People who love cryptocurrencies and investors are always searching for the next exciting thing in the ever-changing world of digital money. One project creating a lot of excitement is Retik Finance, positioning itself as a strong alternative to the well-known Cardano (ADA). With a tempting price...
Thai Government’s Digital Wallet Stimulus Plan Under Scrutiny
9.1.2024
Source: AdobeStock / kikujungboy Has the Thai government’s plan to deposit money in citizens’ digital wallets received approval from the legal adviser? Depends on whom you’re asking. The confusion began on Sunday. According to The Nation, the Council of State has given its opinion...
IMF Head Urges For Clear Rules and Infrastructure to Curb Crypto Risks
14.12.2023
Source: iStock Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), addressed ways to curb cryptocurrency risks on financial stability. Georgieva stressed that crypto assets need to be regulated with clear rules and infrastructure. Speaking at an international...
Singapore’s Monetary Authority to Expand Wholesale CBDC Pilots
16.11.2023
Source: Pixabay Singapore’s central bank, The Monetary Authority of Singapore (MAS) has unveiled plans to start live Central Bank Digital Currency (CBDC) wholesale pilots and efforts to expand the framework. On Nov 16, the financial authority released plans for a safe an innovative use of digital...
'Cryptocurrencies Have Failed the Test of Digital Money,' MAS' Managing Director Says
16.11.2023
Ravi Menon, the Managing Director of the Monetary Authority of Singapore, said crypto has performed poorly as a medium of exchange or store of value
Thailand delays digital money handout, critics call for probe
23.10.2023
Thailand’s government has delayed the launch of a planned digital money program aimed at stimulating its economy, while opposition leaders call for a probe of the scheme
Did You Know About These Crypto Airdrops in October?
1.10.2023
As markets continue to move sideways, crypto companies are trying to increase user engagement through airdrops. Among them are some well-known names in the space as well as new projects searching for their place. They all seek to arouse interest in digital money and their own products with...
Crypto and Stablecoins Are Not Money, Says Bank of England Governor in Favor of 'Enhanced Digital Money'
11.7.2023
Andrew Bailey, Governor of the Bank of England (BoE), has reiterated his stance against cryptocurrencies, during his recent speech at the Mansion House in London.
Bailey, who has previously voiced his concerns about the speculative nature of digital currencies, said Monday that Bitcoins have...
BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’
10.7.2023
A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money
Monetary Authority of Singapore Proposes Protocol for Digital Money, Includes CBDCs and Stablecoins
21.6.2023
Singapore’s central bank has proposed a whitepaper on purpose-bound money (PBM), a protocol that will define benchmarks for the use of digital money including central bank digital currencies (CBDCs) and stablecoins. ...
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Singapore MAS proposes digital money standards with major industry players
21.6.2023
The Monetary Authority of Singapore, with input from major tech giants, released a whitepaper on the standards for digital money usage such as CBDCs and stablecoins
Russian Investigator Took Over 1,000 BTC in Bribe Money From Hackers, Report
7.6.2023
An investigator working in Moscow has been caught with a record-breaking bribe paid by a hacking group in cryptocurrency. According to a Russian press report, the corrupt official accepted millions of dollars’ worth of bitcoin and saved the digital money for his retirement years....
Stablecoins Cannot Function as Money Because They Have No ‘Assured Value’ — Bank of England Governor
14.4.2023
Andrew Bailey, the governor of the Bank of England, has asserted that stablecoins “will need to have the characteristics of, and be regulated as, inside money” before they function as money. Bailey also described crypto as a “highly speculative investment” with no intrinsic...
Arizona Senator Launches Bill to Make Bitcoin Legal Tender
27.1.2023
A senator in the U.S. state of Arizona has introduced a set of cryptocurrency bills, one of which seeks to make bitcoin legal tender. “Centralized digital money controlled by the central bankers is slavery. Decentralized bitcoin is freedom,” the lawmaker said. Arizona Lawmaker Wants...
New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’
19.11.2022
Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlement between central banks, commercial banks, and regulated non-banks. The New York Fed details that...
Namibian Central Bank: Virtual Assets ‘Remain Without Legal Tender Status’ but Merchants Can Still Accept Them as Payment
6.10.2022
The Bank of Namibia recently said it has brought virtual assets and virtual asset service providers under its fintech innovations regulatory framework, and that it plans to amend applicable laws and regulations. According to the central bank’s governor, there is an ongoing “battle...
Report: IMF Warns Kenyan Central Bank Against Introducing a CBDC That Harms Fintechs and Banks
29.7.2022
The global lending institution, the International Monetary Fund (IMF) has told the Kenyan central bank that its proposed digital shilling must “do no harm” to existing private sector digital money. The lender insisted the proposed central bank digital currency (CBDC) must “not...
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin
20.7.2022