“Banks will have to adjust” to crypto, says Bank of England leader
Jon Cunliffe, one of the leaders of England’s central bank, said banks must adapt to the changes brought on by digital assets. Go to Source Powered by WPeMatico
CBDC
Auto Added by WPeMatico
EU will decide on digital euro in January 2021: ECB president
“At that point in time we will make the decision as to whether or not we go forward with the digital euro.” Go to Source Powered by WPeMatico
Russia’s proposed crypto amendments have a major blind spot
The Ministry of Finance is proposing harsh prison sentences for crypto holders, but what about shadow exchanges and darknet criminals? Go to Source Powered by WPeMatico
Deutsche Bank: central bank digital currency will replace cash in long term
Deutsche Bank has called on Europe to accelerate the development of central bank digital currencies. Go to Source Powered by WPeMatico
US central banker urges digital dollar development
FOMC member Robert Kaplan believes the Fed should prioritize creating a digital dollar. Go to Source Powered by WPeMatico
Lebanon to launch digital currency in face of economic and financial turmoil
Lebanon’s central bank governor says the country, whose lira has been in freefall, is preparing to launch a digital currency in 2021. Go to Source Powered by WPeMatico
US Fed economists are exploring the “intrinsic” value drivers of CBDCs
Fed economists are beginning their deep dive into CBDC research, hoping to identify the “intrinsic” value drivers of a digital dollar. Go to Source Powered by WPeMatico
CBDC revolution is coming in 3 years, says Bitcoin naysayer Roubini
The word “cryptocurrency” is a misnomer because it isn’t a currency, according to Roubini. Go to Source Powered by WPeMatico
Only 4% of Norway uses cash as country evaluates CBDC, Norges Bank exec says
Cash usage has declined in Norway since COVID-19, but physical currency also carries strengths that CBDCs may lack. Go to Source Powered by WPeMatico
Russia’s central bank says the pandemic has accelerated regulators’ interest in CBDCs
The pandemic-induced crisis is galvanizing new trends across all aspects of the global economy, including digital currencies. Go to Source Powered by WPeMatico
