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The Bank of Thailand, the country’s central bank, is working closely with various stakeholders in the financial services industry to explore blockchain applications in the banking sector. In a speech at the Nomura Investment Forum Asia held in Singapore, Governor Veerathai Santiprabhob was full of praise for blockchain technology, describing it as able to drive … Read more
As long as central banks are doing their jobs, crypto won’t replace them anytime soon, said an executive at Swiss National Bank during Money20/20 today Go to Source Powered by WPeMatico
In recent days, central banks from the around the world have been actively exploring the prospect of issuing digital currencies. The Bank of England (BOE) has continued to press forward with research into models for central bank-issued currencies, with BOE governor Mark Carney expressing his openness to the idea of issuing a digital currency in … Read more
Central bankers are being warned by researchers that the crypto revolution will overtake the system they are in-charge of preserving. Recently, British economic historian and author Niall Ferguson told the Bank of England that Bitcoin is the financial system of the future. Also Read: This Week in Bitcoin: McAfee’s Bullish Prediction and a Guy Living … Read more
At press time, bitcoin is trading for just over $7,300. This is a near $200 drop over the last 24 hours, and the bears are still having their way. The current sentiment is that bitcoin could fall to as low as an even $7,000 over the next few days. The currency has been dropping gradually … Read more
The central banks of Norway and England have published reports exploring different models for central bank-issued cryptocurrencies. By contrast, Federal Reserve governor, Lael Brainard, recently expressed her opposition to central bank cryptocurrencies – claiming that such would result in broad “macroeconomic consequences.” Also Read: Chilean President Considering Regulation of Cryptocurrencies Decline of Cash Prompts Norwegian Central … Read more
Almost two thirds of British people would not support a cryptocurrency issued by their central bank, according to a survey. Pollsters also found that the majority of Britons have already heard of bitcoin, however, a third of the respondents admitted they would be more likely to invest in cryptocurrencies if they were regulated. Also read: … Read more
Bank of England examines DLT system open to regulatory oversight, which would maintain inter-participant privacy and keep data distributed. #NEWS Go to Source Powered by WPeMatico
After announcing the creation of a crypto task force with the BoE and the UK Treasury last month, the UK financial regulator will also be releasing a crypto review this year. #NEWS Go to Source Powered by WPeMatico
Bitcoin’s price incurred a slight fall during today’s early morning hours. After trading at just under $9,000 for most of yesterday, bitcoin is down to around $8,600 at press time. There appear to be several reasons for the drop. The first comes by way of the U.K. Authorities are laying out plans to implement a … Read more
