Demand for digital euro not yet clear, says BBVA exec
The European Central Bank should rely on public-private cooperation for issuing a digital euro, an exec at BBVA’s digital regulation team said. Go to Source Powered by WPeMatico
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Palestinians Ponder Digital Currency as Move for Monetary Independence
The Palestine Monetary Authority is exploring the possibility of issuing its own digital currency. For Palestinians, the minting of a national coin would represent a step, at least a symbolic one, towards achieving monetary independence from the State of Israel. Digital Currency to Help Palestinians Cope With Israeli Restrictions Palestinians are currently conducting two studies … Read more
Blockchain not suitable for CBDC, says Swiss national bank economist
Global economists continue to question the implications of blockchain implementation for central bank digital currencies. Go to Source Powered by WPeMatico
Palestine monetary authority mulls digital currency as ‘political signal‘
Analysts note that the occupied territories’ macroeconomic and political conditions don’t allow for a digital currency to operate as a means of exchange but stress its potential value at a symbolic level. Go to Source Powered by WPeMatico
BIS: Cryptocurrencies Are Often Used in Financial Crimes, Money Laundering, Ransomware Attacks
The Bank of International Settlements (BIS) says that it is now clear that cryptocurrencies are not money but speculative assets, emphasizing that in many cases they are used “to facilitate money laundering, ransomware attacks, and other financial crimes.” BIS Criticizes Cryptocurrencies, Bitcoin The Bank of International Settlements published its annual economic report Wednesday, discussing cryptocurrencies, … Read more
Will regulation adapt to crypto, or crypto to regulation? Experts answer
Here’s what crypto and blockchain industry experts think about the regulatory dilemma related to cryptocurrency. Go to Source Powered by WPeMatico
BIS optimistic about central bank digital currencies
The central bank of central banks says CBDCs are necessary for maintaining the status quo of the legacy financial system. Go to Source Powered by WPeMatico
Bank of Israel steps up CBDC efforts with reported tests on Ethereum
The Bank of Israel has experimented with using Ethereum and nonfungible tokens for a pilot as part of its ongoing digital shekel research, a local report claims. Go to Source Powered by WPeMatico
Rwanda Central Bank Joins CBDC Bandwagon After Announcing Digital Currency Research
The National Bank of Rwanda (NBR) has become the latest African central bank to join the digital currency movement after an employee confirmed the institution is studying the possibilities of issuing its own digital currency. CBDC Implications on Financial Stability According to the employee, John Karamuka, this study will be looking at economic, financial, and … Read more
Bank of France, Swiss Crypto Bank Test Securities Settlement Using CBDC
The Bank of France has successfully completed an experiment involving the use of CBDC to settle listed securities. The test has been carried out with the help of an alliance of partners led by SEBA Bank, a digital asset banking provider based in the Swiss crypto valley. Central Bank and Crypto Company Conduct Successful CBDC … Read more