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Give Commercial Banks More Power over Digital Ruble – Industry Leader


Commercial banks should be the gatekeepers of the digital ruble: This was the message from a Russian crypto and blockchain industry group chief – as the nation’s Central Bank gears up to launch a pilot for its forthcoming digital currency. Russia is just one of the many nations now engaged in...

Swiss Banks About To Get A New Crypto Gateway For Their Clients


The Swiss Stock Exchange (SIX) and its partners aim to launch a new service that would enable Swiss banks to offer access to digital assets for their customers in the first quarter of 2021. The Institutional Digital Asset Gateway, which is still subject to the appropriate regulatory approvals,...

Cryptocurrencies Prove Central Bank Models Are Obsolete, Says Professor


A Spanish professor and economist stated that cryptocurrencies have brought out the “obsolescence” of central banks, although their capitalization is still “very insignificant.” Crypto Is Not Only About the ‘Speculative Noise’ Pablo Agnese, an economics professor...

Banks Should Pay Interest on CBDCs to Reduce Tax Avoidance – Report


Too much stick and not enough carrot might be the wrong approach for those wishing to impose taxes on digital currencies: This was the surprising conclusion of a new report commissioned by the South Korean central bank, the Bank of Korea (BOK). Per EDaily, the report was co-authored by Jaevin Park...

Crypto Proves Central Banks Are Obsolete, Says UIC Barcelona Professor


A Spanish economics professor said that the popularity of crypto proves that central banks have become “obsolete” in the modern world. The comments were made by professor Pablo Agnese, a tenured lecturer in the Department of Economy and Business Organization at the Universitat Internacional...

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