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Stablecoins ‘Pose Serious Risks’ to Financial Security, ECB’s Lagarde Says
30.11.2020
Stablecoins could "threaten financial security" if widely adopted, the ECB head said in a magazine interview
European central bankers predict that the digital euro is at least five years away
30.11.2020
Nobody seems to be in a rush to digitize the euro, but that could change given increasing global competition
Bilateral Saudi, UAE Digital Currency Experiment Shows Benefits of Distributed Ledgers, Central Banks Say
29.11.2020
A joint Saudi and UAE CBDC pilot found that a distributed payment system offers “significant improvement over centralized payment systems.”
UAE, Saudi Arabian central banks release report on Project Aber CBDC trial
29.11.2020
The joint report is among the most promising CBDC studies conducted by central bank authorities
Law Decoded: Cents and stability, Nov. 20–27
27.11.2020
Stablecoins and CBDCs and their related issues of privacy and surveillance lead this week's Law Decoded
Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin to Circumvent Country’s Overvalued Exchange Rate
26.11.2020
A former Microsoft software engineer and co-founder of Buycoins Africa Tomiwa Lasebikan says some Nigerians expatriates are now using bitcoin to circumvent the country’s overvalued exchange rate when sending remittances. According to Lasebikan, the Central Bank of Nigeria (CBN)’s fixed...
Facebook’s Libra hires former OCC prosecutor and central bank expert
25.11.2020
The Libra Association has made a key hire in its pursuit of a new cryptocurrency and payments system
Economic justice doesn't need the blockchain, say advisors to ‘The Squad’
25.11.2020
Making digital cash work efficiently for public stimulus payments doesn't require a detour through blockchain technology, in the view of U.S. progressives
A digital yen will make the crypto market ‘more lively,’ says Monex CEO
25.11.2020
Oki Matsumoto, the head of Japanese financial services giant Monex, has welcomed the Bank of Japan's recent interest in central bank digital currency
Christine Lagarde: ‘The European Central Bank Cannot Go Bankrupt or Run Out of Money’
24.11.2020
In remarks that highlight flaws of the fiat currency system, the European Central Bank (ECB) president, Christine Lagarde, says the institution cannot go bankrupt even if it incurs losses running into trillions. According to Lagarde, normal bankruptcy rules do not apply to the ECB primarily because...
BIS report suggests ‘embedded‘ monitoring tool for stablecoins
24.11.2020
After proposing automated ways to monitor global stablecoins like Libra, a new report from BIS argues that a better solution may ultimately be central bank digital currencies
Hyperinflation and Rent Controls – 2020’s Telltale Signs of Economic Distress Haunts Many Nations
24.11.2020
If history serves us well, 2020 is likely a precursor to a long and dreadful economic depression throughout a myriad of countries worldwide. During the last year, economists and analysts have been discussing how specifically the United States economy and the U.S. dollar are losing global dominance...
Ripple seeks director to engage with central banks on digital currency
23.11.2020
Ripple is looking to define its strategy regarding central bank digital currencies
The US election seals China's victory in digital currency supremacy
21.11.2020
While there is an unclear future for digital currency development under Joe Biden’s presidency, China is leading the race
IMF lawyers argue that central banks need reform before they can issue CBDCs
20.11.2020
New and developing research from the International Monetary Fund suggests that central banks around the world need new legal definitions for tokenized currencies
Central Bankers, Experts Outline Possible Scenarios for CBDC Adoption
20.11.2020
Central bank digital currencies can have broad implications for the global balance of power, experts say
BoE policymaker says digital currencies could be part of ‘new monetary order’
19.11.2020
BoE policymaker Andy Haldane believes a widely-used digital currency could have a positive impact on financial stability
New Dutch Law: Clients Must Explain Why They Want To Buy Bitcoin
19.11.2020
Netherlands-based crypto exchanges are now required by law to get additional information from clients regarding their bitcoin addresses. As part of the new requirements, which went into effect on Nov. 17, clients must now furnish exchanges with reasons why they wish to buy bitcoin. They will also...
Japan's megabanks to lead experiment with digital yen
19.11.2020
Could a new, coordinated effort to digitalize the Japanese economy be strong enough to compete with residents' persistent use of cash?
Join BlockShow, part of the FinTech Festival backed by Monetary Authority of Singapore
19.11.2020
BlockShow 2020 at Singapore FinTech Festival to reflect on achievements of blockchain and how the mainstream finance industry is starting to accept blockchain and digital currency tech