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Tag: CBDC

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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