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South Korean Central Bank Accelerates Digital Currency Pilot to Keep Up With Other Nations
6.4.2020
The Bank of Korea has historically been skeptical about CBDCs, but now it's having to keep up
It's Happening: S Korean Central Bank Unveils Plans to Pilot a CDBC
6.4.2020
Source: Adobe/Photo-maxx
The South Korean central bank, the Bank of Korea (BOK) is “one step closer” to launching a pilot for a central bank digital currency (CBDC) and could start piloting a token as early as December this year – in line with central banks in other regions, which are also thought...
South Korea's Central Bank Launches Digital Currency Pilot Program
6.4.2020
South Korea's central bank is undertaking a CBDC pilot program, although it currently believes the need to issue a digital currency is slim
BIS Calls for Central Bank Digital Currencies Amid Coronavirus Pandemic
5.4.2020
‘The central bank of central banks’ is advocating for the development of CBDCs amid the coronavirus pandemic
Evidence Shows Politicians and Wall Street CEOs Expected the Market Crash Well Before Covid-19
4.4.2020
The coronavirus outbreak has sent shockwaves through the world’s economy and this has caused politicians and central bankers to react in various ways. However, global market leaders, Wall Street CEOs and hedge fund managers had one of the best years in more than a decade since the 2008...
The Bitcoin Cash Halving Countdown – 50% Less Block Reward in 4 Days
4.4.2020
The Bitcoin Cash (BCH) network will face a halving in four days and many BCH proponents are getting ready for the big day. Unfortunately, the covid-19 outbreak has overshadowed the halving and BCH has dropped in value by roughly 30% since the end of February. Also Read: Bitcoin Halving Will Drop...
BIS Researchers Say Coronavirus Could Spur Central Banks to Adopt Digital Payments
3.4.2020
BIS researchers think COVID-19 may accelerate the adoption of digital payments and sharpen the debate over central bank digital currencies
Gold Investors Are Terrified Central Banks Might Dump Bullion During the Economic Crisis
3.4.2020
Despite what gold bug Peter Schiff says, economists are uncertain that gold will shine during the current coronavirus crisis. While gold and other precious metals have seen decent gains in the last few weeks, a few investors are terrified that central banks will use their flight-to-safety assets...
Brazilian Regulators Create DLT Platform for Screening Politicians
3.4.2020
Brazilian regulators are teaming up to use blockchain technology to streamline vetting processes for public officials and corporations
Revolut Fast-Tracks User-Wide Crypto Support Due to Global Economic Upset
3.4.2020
As the Fed ramps up quantitative easing, fintech giant Revolut is moving fast to offer all users cryptocurrency services
Blockchain Is Not a Panacea for Finance, Says Russian Bank Official
3.4.2020
The Central Bank of Russia's Deputy Governor Olga Skorobogatova said that blockchain proved to be far from the "universal solution" many claimed it would be
Brazilian Financial Regulators Will Vet Companies and Political Appointees on a Blockchain
2.4.2020
Brazil’s major financial regulators have unified their intelligence troves under a blockchain-backed sharing system called PIER
Financial Bazookas Revealed – Market Strategists Believe the Fed Will Purchase Stocks Soon
1.4.2020
Bitcoin and cryptocurrencies may be the only free-market assets left not manipulated by central banks like the U.S. Federal Reserve. Since the covid-19 outbreak, the Fed has unleashed a massive arsenal of monetary weapons to combat the effects on the economy. After the significant rate cuts...
Russia Postpones Its Crypto Law Again, Now Blaming Coronavirus
31.3.2020
After facing multiple delays, Russia’s lawmakers again postpone pending major cryptocurrency law, now due to the coronavirus
Bank of France Launches Experiment Program on Central Bank Digital Currency
30.3.2020
France’s central bank officially announces a CBDC application program, inviting participants to submit their applications by May 2020
Egypt Limits Bank and ATM Withdrawals Citing Rampant Cash Outflow and Coronavirus Fears
30.3.2020
On Sunday, the Central Bank of Egypt (CBE) announced it had instructed financial institutions in the country to put withdrawal limits in place for cash. Regional reports disclose that Egyptian residents can only withdraw 10,000 Egyptian pounds ($640) and businesses can only withdraw 50,000 pounds...
How Central Banks Could Use Digital Cash to Deliver Universal Basic Income
30.3.2020
Central banks are well placed to deliver regular, no-questions-asked monthly payments to everyone, and to manage any ensuing inflation
French Central Bank Puts Out Call for Digital Currency Experiments
30.3.2020
France's central bank is calling for digital currency proposals with an experiment that moves it to the front of Europe's CBDC debate
‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu
28.3.2020
Bitmain cofounder Jihan Wu’s recent interview discusses some of his predictions concerning the future of bitcoin, mining, the bitcoin halving, and the cryptoconomy. Despite the coronavirus outbreak and its effect on the global economy, Wu is optimistic and he believes the modern central...
While Some Hoard Dollar Bills, Others Envision Germy Cash’s Quick Demise
28.3.2020
Is a cash-based society sustainable in a pandemic? Hoarders say yes. Health experts say maybe. Visionaries say no: It’s a moment for systemic change