Bitcoin price under pressure Carstens of BIS against central bank digital currencies (CBDCs) Volumes low and drop below or above Mar 21 high-lows must exceed 13k According to BIS’s Carstens, central banks shifting to CBDCs will destabilize the economy. However, that is
A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability. Powered by WPeMatico
Russia may be on the way to adopting its own central bank digital currency, according to Anatoly Aksakov, chair of the State Duma’s Financial Market Committee. The Russian Parliament is studying three bills, introduced in March, to regulate smart contracts, digital currencies,
A report on central bank digital currencies has found that 61% of institutions don’t think a blockchain is necessary due to low efficiency gains during trials. IBM Survey Finds That Central Banks Won’t Be Introducing CBDCs in Near-Term The report was
A new IBM survey finds most central banks polled back issuing a wholesale digital currency, but are still uncertain about blockchain’s efficiency. Powered by WPeMatico
A new IBM survey finds most central banks polled back issuing a wholesale digital currency, but are still uncertain about blockchain’s efficiency. Powered by WPeMatico
The Central Bank of Curacao and Sint Maarten (CBCS) has announced a partnership with blockchain technology firm Bitt aimed at exploring the issuance of a digital currency for Curacao and Sint Maarten island nations. Per the chief executive of Bitt,
Central bank-issued cryptocurrency could bring economic welfare gains for Canada and the U.S., according to a researcher from Canada’s central bank. Powered by WPeMatico
A U.S. congressman called for banning all U.S. residents from buying or mining cryptocurrencies during a hearing Wednesday. Powered by WPeMatico
The U.S. House Financial Services Committee will host a crypto hearing focused on its use as a form of money next week. Powered by WPeMatico
An EU report has concluded that central bank digital currencies (CBDCs) could pave the way towards a more stable financial system due to their ‘disruptive’ ability. It also recognised the opportunities for oppressed countries to use cryptocurrencies, but highlighted
“Even if one is quite skeptical of whether bitcoin will have a significant role in the economy in the future, I think it is hard to avoid some admiration for its design,” Reserve Bank of Australia official Tony Richards thus
The continuing efforts by China’s central bank to build a fully-featured digital currency product are revealed in its many patent filings. Powered by WPeMatico
The central banks of both Australia and New Zealand have said they do not plan to create their own digital currencies – at least for now. Powered by WPeMatico
South Korea’s central bank has said that it opposes the idea of issuing a central bank digital currency (CBDC). The news comes from the Bank of Korea’s (BOK’s) report about coins and the crypto-ecosystem, which looked at
The Hong Kong Treasury decided against the notion of creating a central bank digital currency (CBDC) yesterday, but said that they will monitor the situation. Hong Kong is ‘Already Efficient’ Acting Secretary for Financial Services and the Treasury, Mr
South Korea’s first major blockchain conference saw discussion of the possibility of a central bank cryptocurrency Wednesday. Powered by WPeMatico
