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BlockchaINVEST • January 7 - March 11, 2019

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Tag: CBDCs

Bank of England Senior Advisor: Cryptocurrencies Neither a Good Store of Value nor a Medium of Exchange

Category: Altcoins, Bitcoin, Commentary, Finance, News

Bank of England Senior Advisor: Cryptocurrencies Neither a Good Store of Value nor a Medium of Exchange

Huw van Steenis, the senior advisor to Bank of England (BOE) Governor Mark Carney believes that cryptocurrencies “fail fundamental tests” to compete with the traditional financial market institutions, reports Bloomberg on January 21, 2019. Cryptocurrencies Aren’t a Great Unit of Exchange Cryptocurrency proponents the world over are banking on the technology’s potential to replace the centralized financial institutions in near…

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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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Bank of Japan’s Deputy Governor Doubtful Over the Effectiveness of Cryptocurrencies

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

Bank of Japan’s Deputy Governor Doubtful Over the Effectiveness of Cryptocurrencies

In theory, a Central bank cryptocurrency could help enhance a nation’s monetary policy by allowing Central Banks to charge interest on deposits of households and firms, encouraging people to spend rather than hoard their money. According to a Reuters article published on October 20, 2018, the Bank of Japan’s (BOJ) Deputy Governor expressed significant doubt over the Central Bank cryptocurrency…

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