July 3, 2020 24,000 Lithuania digital token launches next week as CBDC trial The Euro Zone is set to experience another face of central bank-issued digital currency, following a recent announcement about the Lithuania digital token.…
July 2, 2020 Sri Lanka Central Bank Selects Shortlist for Blockchain Proof-of-Concept Sri Lanka’s central bank has selected a shortlist of three firms to develop a proof-of-concept for a shared Know Your Customer facility using blockchain. Sri Lanka’s central bank has selected a shortlist of three firms to develop a proof-of-concept (PoC) for a shared Know Your Customer (KYC) facility using blockchain.The…
July 1, 2020 Bitcoin Analyst: Central Bank Rate Cuts Mean ‘World Has Gone Zimbabwe’ Zimbabwe-style mayhem is a possible outcome from a flood of cheap money hitting the global economy, warns MMCrypto. Bitcoin (BTC) supporters are watching as almost every central bank in the world lowers interest rates and the global fiat money supply skyrockets.Statistics…
June 30, 2020 Canada’s Digital Dollar Should Focus on Inclusion and Accessibility, Say Experts Experts from the Bank of Canada have released their thoughts on how a digital dollar should be available to all Canadians. A digital Canadian dollar should imitate traditional banknotes in terms of availability and accessibility, according to staff from the country's central bank, the Bank of Canada.In…
June 29, 2020 Bitcoin as a tool to fight authoritarian regimes: Vladimir Putin critic explains Professor of Economics, Sergei Guriev, told Cointelegraph how Bitcoin can be used as a tool to combat authoritarian regimes. Sergei Guriev, professor of Economics at Paris’ Sciences Po and a critic of Vladimir Putin, told Cointelegraph how Bitcoin can be used as a tool to combat authoritarian regimes despite having “no fundamental social value”.Unlike…
June 27, 2020 COVID-19 has accelerated the need to develop CBDC, says BIS Report The annual BIS Report by Bank of International Settlements has been released, and it says that Coronavirus pandemic has accelerated the need to create central bank digital currencies.…
June 27, 2020 Not Like Before: Digital Currencies Debut Amid COVID-19 The coronavirus pandemic has forced governments worldwide to focus on bringing blockchain tech to their financial services. Famed currency speculator George Soros, who in 1992 broke the Bank of England to emerge a billionaire overnight by forcing the pound out of the European Exchange Rate Mechanism, believes:“We will not go back to where we were when the pandemic started.…
June 24, 2020 Sweden’s Central Bank Releases 98-Page ‘Economic Review’ Devoted to CBDC Sweden's central bank just released a massive report on central bank digital currencies. Sveriges Riksbank, Sweden's central bank, took a 98-page deep dive into central bank digital currencies, or CBDCs, referencing the country's own such asset — the e-krona. …
June 24, 2020 Facebook suffers another blow as Brazil bans WhatsApp Pay Facebook’s recently launched WhatsApp payments services called WhatsApp Pay has suffered a significant setback as the central bank of Brazil announces its suspension over regulatory and security concerns.…
June 23, 2020 WhatsApp Payments Suspended by Brazil’s Central Bank WhatsApp’s payment features have been suspended in Brazil less than one month after the Facebook-owned app rolled them out. Brazil’s central bank has ordered Mastercard and Visa to suspend processing money transfers on behalf of Facebook’s WhatsApp.According…
June 22, 2020 One Step Forward and One Step Back: Why Is Russia’s Crypto Regulation Treading Water? Some Russian regulators propose a blanket ban on digital asset trading, but the country is too far along the path of crypto adoption. Russia has long been home to a vibrant crypto retail market, yet the nation’s regulation of digital assets still lags behind.…
June 22, 2020 Digital Yuan’s Backend Development Complete, Says Chinese Official A former senior official of the People’s Bank of China said that the country has completed the backend architecture development of its digital currency. The former vice-chair of the People’s Bank of China’s National Council for Social Security Fund, Wang Zhongmin, announced that China has completed the backend architecture development of China’s central bank digital currency (CBDC).Wang…
