Former OCC official says crypto has backing but dollar ‘may not’
Former OCC acting comptroller Brian Brooks claimed that cryptocurrencies like Bitcoin “actually are backed by something.” Go to Source Powered by WPeMatico
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Bitcoin no longer a fringe asset due to US dollar debasement, says Soros Fund exec
Soros Fund Management’s CIO said that Bitcoin is no longer out on the fringes, thanks to the debasement of the U.S. dollar over the past year. Go to Source Powered by WPeMatico
China’s digital yuan os backup to AliPay and WeChat Pay, says official
Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China. Go to Source Powered by WPeMatico
Jamaica’s central bank taps Irish tech outfit for CBDC project
The Bank of Jamaica has partnered with an Ireland-based tech firm for its central bank digital currency project scheduled to begin in May. Go to Source Powered by WPeMatico
Jamaica Plans to Pilot a Central Bank Crypto, CBDC to Work Alongside Notes and Coinage
While a number of countries are working on central bank digital currencies (CBDCs), on Tuesday, the Bank of Jamaica (BoJ) announced it will soon be piloting a CBDC project. The BoJ is working with a firm called Ecurrency Mint Incorporated and plans to pilot the cryptocurrency in May. Jamaican CBDC to Pilot this May Jamaica, … Read more
European Central Bank tries to quell Germans’ doubts about digital euro
A future digital euro wouldn’t be a threat to savers, say officials from the European Central Bank. Go to Source Powered by WPeMatico
German federal bank runs successful blockchain system without a CBDC
Executives at the Deutsche Bundesbank are eager to launch a blockchain-based system without the need for a CBDC — and they just might succeed. Go to Source Powered by WPeMatico
Digital Yuan Won’t Be Fully Anonymous but Offers ‘Controllable’ Privacy Protection, Says Official
Privacy has been a discussion that has not gone unnoticed when it comes to the forthcoming launch of the digital yuan. The head of the People’s Bank of China-run Digital Currency Research Institute had firmly pointed out that anonymity cannot be guaranteed at all. Feature Seeks to Avoid Tax Evasion and Finance Terrorism During an … Read more
China’s digital yuan will offer best privacy protection, says official
The People’s Bank of China intends to enable anonymous digital yuan transactions of small amounts in order to protect “reasonable” anonymity needs. Go to Source Powered by WPeMatico
Bank of Thailand plans to regulate asset-backed stablecoins this year
After issuing a warning against a Baht-pegged stablecoin produced by a South Korea-based firm, Thailand plans to introduce a series of regulations for stablecoins in 2021. Go to Source Powered by WPeMatico