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Category: Banknotes
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South African Central Bank Warns Citizens Against Accepting Tainted Banknotes
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Bank of Thailand Enters Third Phase of CBDC Development; Now “Using CBDC with Big Businesses”
The Bank of Thailand (BOT) announced Wednesday that is has entered third-phase development of its central bank digital currency (CBDC). BOT is planning to expand the use of the CBDC among large businesses. The report by The Nation of Thailand quotes Vachira Arromdee, BOT assistant governor saying the central bank is already using the CBDC […]
The post Bank of Thailand Enters Third Phase of CBDC Development; Now “Using CBDC with Big Businesses” appeared first on Bitcoin News.
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Bank of England Still Debating Creation of Central Bank Digital Currency, Says Bailey
Bank of England (BoE) Governor Andrew Bailey said Monday that the institution is still debating whether it should create a central bank digital currency (CBDC). Speaking at a webinar event, Andrew Bailey admits a CBDC will be a reality in the next few years. He, however, does not provide a time frame of when the […]
The post Bank of England Still Debating Creation of Central Bank Digital Currency, Says Bailey appeared first on Bitcoin News.
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Covid-19 Forces Indians to Embrace Digital Payments but Country Still Lacks Crypto Regulation
The global pandemic Covid-19 is forcing Indians to resort to digital payment platforms when settling bills as well as paying for groceries. Before the Covid-19 outbreak, Indian citizens largely ignored a 2016 government decree that attempted to achieve the same, reports The Economic Times of India. The news site reports that the value of transactions […]
The post Covid-19 Forces Indians to Embrace Digital Payments but Country Still Lacks Crypto Regulation appeared first on Bitcoin News.
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Deutsche Bank Envisions Post Covid-19 Economy Accelerating Digital Payments
Since the covid-19 outbreak wreaked havoc across the world’s economies, the global multinational investment bank Deutsche Bank has been encouraging the use of digital currencies. The firm’s Twitter account and macro strategist Marion Laboure have been tweeting regularly about how coronavirus infection risks could “accelerate digital payment systems across the world.” Also read: 5% Over […]
The post Deutsche Bank Envisions Post Covid-19 Economy Accelerating Digital Payments appeared first on Bitcoin News.
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1.2 Million Italians Can Now Buy Bitcoin From Their Bank
Buying bitcoin just got easier for Italians. The country’s mobile bank Hype has announced a partnership with fintech Conio, enabling customers to buy, sell, and securely store BTC from within their banking app. With over a million Italians choosing to bank with Hype, and 60,000 new customers being onboarded each week, the challenger bank’s decision […]
The post 1.2 Million Italians Can Now Buy Bitcoin From Their Bank appeared first on Bitcoin News.
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Maduro Orders Venezuelan Bank Closures Amid Coronavirus Scare
In order to combat the coronavirus outbreak in Venezuela, President Nicolás Maduro has ordered the entire country to quarantine themselves. With an inflation rate that rises more than 10,000% per year, the country’s citizens have already been dealing with economic turmoil. Maduro has also shut down the national banking system and regional authorities banned gasoline […]
The post Maduro Orders Venezuelan Bank Closures Amid Coronavirus Scare appeared first on Bitcoin News.
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Venezuela Issues 50,000 Bolivar Bill Amid Persistent Hyperinflation
Venezuelans are used to their currency costing less than the paper it’s printed on. Economic misfortunes and political upheaval place their country at the bottom of all inflation charts, year after year. The latest incarnation of the national fiat, Bolívar Soberano, has succumbed to the illness of all previous emissions – rapid depreciation. The government […]
The post Venezuela Issues 50,000 Bolivar Bill Amid Persistent Hyperinflation appeared first on Bitcoin News.
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Rubles Can Buy You Petro Maduro Says While Denominating Venezuela’s Currency
El Petro, the Venezuelan cryptocurrency, can now be purchased with Russian rubles, among other fiat currencies, President Nicolás Maduro announced. Companies from many countries, including the United States, want to buy the oil-backed crypto, he added. Venezuela’s head of state also said he decided to denominate the national currency, the bolivar. Also read: Venezuela Recruiting […]
The post Rubles Can Buy You Petro Maduro Says While Denominating Venezuela’s Currency appeared first on Bitcoin News.
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