73% of leading global banks state CBDC should be available “under all circumstances” in a new study by IBM and OMFIF
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73% of leading global banks state CBDC should be available “under all circumstances” in a new study by IBM and OMFIF
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China has been on a roll with a series of crypto-related announcements. President Xi Jinping’s speech to accelerate the development of blockchain technology in China was followed by the passing of a cryptography bill. Meanwhile, China’s Center for Information and Industry Development has continued to evaluate and rank crypto projects, and the central bank is […]
The post China Ranks 35 Crypto Projects as President Xi Pushes Blockchain appeared first on Bitcoin News.
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Central bank digital currency has become a hot topic among finance ministers and central bankers worldwide, with some G20 countries ahead of the rest on work done toward issuing their own digital currencies. Experts have weighed in on their expectations of when the first G20 digital currency will be introduced. Also read: Central Banks Worldwide […]
The post How G20 Central Bank Digital Currencies Are Progressing appeared first on Bitcoin News.
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Central banks can benefit from digital currencies but they don’t necessarily need a blockchain, says Chile’s top central banker
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Most often overlooked in the fintech space is the world’s most scalable and private payment system: cash. It is used in every country around the world and despite its much exaggerated demise, according to the G4S Global Cash Report 2018, cash circulation has risen to 9.6% of GDP across developed and emerging market countries since […]
The post Connecting Cash to the Internet Using Stablecoins appeared first on Bitcoin News.
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Digital currency provides unprecedented abilities to spy on and control what people do, and having that power in the hands of a few people is very dangerous. The Big Tech monopolies of Silicon Valley are building a future where your every action is monitored, and giving Facebook control over what you can and can’t do […]
The post Total Surveillance Coin Will Be a Dystopia if Controlled by Facebook or Government appeared first on Bitcoin News.
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The upcoming China CBDC will be available to users without bank accounts, says Binance Research
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Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden. India has also included the digital rupee in the country’s draft cryptocurrency bill. Also […]
The post Central Banks Worldwide Testing Their Own Digital Currencies appeared first on Bitcoin News.
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Central bank-issued digital currencies could have a great advantage in combating the shadow economy and illegal activities, and they could be a viable alternative to digital currencies like Libra
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State-backed digital currencies are widely discussed among many countries worldwide, from China to Tunisia. Here are some major examples of CBDCs from different parts of the world
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