#Central Bank Digital Currencies News

European Regulators won’t Oppose Stablecoins but Double-Down on Libra Warning

October 18, 2019 by Ashwath Balakrishnan at Altcoins

Benoit Coeure, a French economist and executive director on the ECB, believes now is the time to step up the weight of regulation for digital currencies. As per Bloomberg, Coeure believes Bitcoin and other major FinTech innovations were being closely watched and allowed to unravel in their sandbox, but now...

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Report: Regulated Digital Money will Boost Global Payments Systems

July 17, 2019 by Ashwath Balakrishnan at News, Regulation

Supranational economic institutions have been studying the effects of cryptocurrency and blockchain. In a report released by the IMF, July 15, 2019, they highlight the potential for cryptocurrencies and traditional digital money to spark a new age of payments. In the future, it is idealised that cash dependence will severely...

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Blockchain Expert Says China’s National Currency Could Become a Cryptocurrency

April 22, 2019 by Aisshwarya Tiwari at Adoption, Altcoins, Blockchain, Finance, News

In an interview with Bloomberg on April 17, 2019, Donald Tapscott, executive chairman of the Blockchain Research Institute, said that China’s official currency, the renminbi (RMB) will soon become a cryptocurrency. Will China Digitize its National Currency? Blockchain Expert Says Yes Cryptocurrencies and China have had anything but a stable...

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

January 10, 2019 by Aisshwarya Tiwari at Blockchain, Business, Finance, News, Tech

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...

Bitcoin Drops Down Below $7,000 despite Crypto-Positive Headlines: Week in Review August 6, 2018

August 7, 2018 by Alex Lielacher at Adoption, Altcoins, Bitcoin, Blockchain, Finance, Investment, Mining, News, News Digest

Despite bitcoin-positive news coming from Wall Street, the price of bitcoin dropped by fifteen percent week-on-week, to close around the $7,000 mark on Sunday. Asset management giant Northern Trust announced that it would move into the cryptoasset custody business to provide custodial services to digital asset investors. Moreover, the New...

Swiss Bank Bearish on National Digital Currency

June 26, 2018 by Kieran Smith at Altcoins, Bitcoin, Blockchain, Business, News, Regulation, Tech

Speaking at the 2018 Crypto Valley Blockchain conference in Zug, Switzerland, on June 23, 2018, Thomas Moser voiced his doubts about the creation of an ‘e-franc’ Swiss bank crypto. Swiss Official Reveals Cryptocurrency Concerns Moser, a member of the Swiss National Bank's board of governance, said that the initial interest...