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Tag: CBDC

BIS Survey: 70 Percent of Surveyed Banks Are Fidgeting with the Idea of Central Bank Digital Currencies  

Category: Blockchain, Business, Finance, News, Tech

BIS Survey: 70 Percent of Surveyed Banks Are Fidgeting with the Idea of Central Bank Digital Currencies  

A recent survey by the Bank for International Settlements (BIS) found the majority of the world’s central banks are not too keen on issuing digital currencies at least for the next three years but 70 percent of them accepted that they are exploring with the idea of CBDCs in some capacity, reports SCMP, on January 8, 2019. Low Acceptance Continues…

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Cornell Uni Professor: Digital Currencies Could Allow Central Banks to Stay in the Game

Category: Bitcoin, Finance, Interviews, News

Cornell Uni Professor: Digital Currencies Could Allow Central Banks to Stay in the Game

Cornell University professor Eswar Prasad is the latest prominent figure to come out in support of digital currencies, suggesting that central banks should issue their own currencies in order to remain in the money game, Bloomberg reported on November 19, 2018. Cryptocurrencies Could Allow Central Banks to Stay in Money Game While cryptocurrencies have long been marketed as an alternative…

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Nouriel Roubini: Central Bank Digital Currencies Will Destroy Cryptocurrencies and Blockchain Technology

Category: Finance, News

Nouriel Roubini: Central Bank Digital Currencies Will Destroy Cryptocurrencies and Blockchain Technology

According to an op-ed published November 19, 2018, by world-renowned economist Nouriel Roubini aka “Dr. Doom,” central bank digital currencies (CBDCs) could potentially replace cryptocurrencies in the near future. Minimal Cash Use Could Open the Gates for CBDCs Citing the example of countries like Sweden and China, where the use of cash as a medium of exchange has witnessed a…

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Bitcoin Tumbles By 12 Percent As Bitcoin Cash Hash War Spooks Investors

Category: Altcoins, Bitcoin, Blockchain, Business, Ethereum, Finance, News, Platform, Tech

Bitcoin Tumbles By 12 Percent As Bitcoin Cash Hash War Spooks Investors

The price of bitcoin broke away from its “stablecoin mark” in the mid-6,000s and dropped by over twelve percent as a result of the bitcoin cash (BCH) hash war that has spooked investors and highlighted how fragile and volatile the digital currency sector still is. On Thursday, the bitcoin cash (BCH) network split into two after disagreements among critical stakeholders…

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Bank of Israel Publishes a Report On Central Bank Digital Currencies

Category: Altcoins, Blockchain, Business, Exchange, Finance, News, Platform, Tech

Bank of Israel Publishes a Report On Central Bank Digital Currencies

The Governor of the Bank of Israel, in November 2017, appointed a team of research analysts to explore the possibility of introducing Central Bank Digital Currencies (CBDC). According to the report, published on November 6, 2018, the team raised many concerns and did not recommend the Bank of Israel to progress forward with a digital currency in the near future….

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Kenyan Blockchain Task Force Advise Authorities to Tokenize the Economy

Category: Altcoins, Blockchain, Development, Finance, News, Tech

Kenyan Blockchain Task Force Advise Authorities to Tokenize the Economy

Chairman of the Kenyan blockchain technology task force, Bitange Ndemo has urged the country’s financial authority to replace the current fiat system with tokens, to reduce corruption and economic hardship, reported local news source, The Star on September 26, 2018. Kenya’s DLT Task Force Recommend Blockchain-Based Crypto According to sources close to the matter, Kenya’s distributed ledger technology and A.I task…

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Cryptocurrency in Israel: Analysing the Likelihood of Mass Adoption

Category: Altcoins, Blockchain, Development, Finance, News, Tech

Cryptocurrency in Israel: Analysing the Likelihood of Mass Adoption

On August 26, 2018, the Jerusalem Post published an interesting story about the possibility of Israel adopting a state-backed cryptocurrency as Venezuela recently did, albeit for entirely different reasons. While Venezuela recently launched the Petro as a desperate Hail Mary as it faces 6-figure inflation, Israel’s Finance Ministry and Central Bank are reportedly looking into a national cryptocurrency as a…

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The Pros and Cons of a Central Bank Digital Currency

Category: Altcoins, Bitcoin, Blockchain, News, Tech

The Pros and Cons of a Central Bank Digital Currency

When bitcoin was launched in 2009, the idea was to enable individuals to be their bank by allowing them to store, send and receive digital cash without the need for a financial intermediary. Since the early days of bitcoin, much has changed in the world of cryptocurrencies. Today, there is a wide range of different type of digital currencies and…

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Fintech Startup Bitt Signs an MoU with Caribbean Central Bank to Launch State-Issued Cryptocurrency

Category: Adoption, Altcoins, Bitcoin, Blockchain, Finance, News

Fintech Startup Bitt Signs an MoU with Caribbean Central Bank to Launch State-Issued Cryptocurrency

Barbados-based startup Bitt has recently signed a Memorandum of Understanding (MoU) with the Central Bank of Curacao and Sint Maarten (CBCS). The goal of the partnership is to look into the different possibilities and feasibilities of issuing digital guilder or a Central Bank backed cryptocurrency. CBCS Explores the Idea of a Central Bank backed Cryptocurrency According to the press release,…

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Bank of Korea Dismisses Central Bank Digital Currency Rumors

Category: Altcoins, Bitcoin, Blockchain, Finance, News, Regulation, Tech

Bank of Korea Dismisses Central Bank Digital Currency Rumors

Suggestions of a state-backed cryptocurrency from South Korean Banks have been dashed, despite recent reports that the country might be one of the first to push forward on this new frontier. Bank of Korea Squashes Rumors On June 18, 2018, a Korea Times report confirms the central bank’s stance on digital assets. Bank of Korea (BoK) stated it opposes the…

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