CBDC – Page 151 – DIGIT INFO

Regulations Round-Up: Central Bank-Issued Digital Currencies, Regulatory Clarity

In recent regulatory news, Spain’s Central bank has issued a report favoring the development of a central bank-issued digital currency (CBDC), the president of Taiwan’s central bank has advocated caution regarding CBDCs, the Blockchain Research Institute has published a summary of recent roundtable discussions calling for great regulatory clarity, and a Russian court has a […]

The post Regulations Round-Up: Central Bank-Issued Digital Currencies, Regulatory Clarity appeared first on Bitcoin News.

Go to Source

Beware of Crypto Risks: Bank of England Deputy Governor Issues Warning

The Bank of England has warned financial institutions in the country to limit their exposure to crypto assets. In a letter written by the bank’s deputy governor, the regulator cautioned firms against letting their guard down as the popularity of cryptos soars. It also reminded the firms of the risks that come with handling cryptocurrencies, […]

Go to Source

Banks Have Become Skeptical of Crypto: Swiss National Bank Executive

When cryptos became widely popular, central banks were seriously considering issuing their own digital currencies. However, the interest has slowly waned as central banks begin to seriously consider the implications such currencies would have on financial stability. This is according to an alternate member of the Swiss National Bank’s governing body, Thomas Moser. In his […]

Go to Source

Regulations Round-Up: U.S. Executive Branch Employees to Disclose Crypto Holdings, French ICO Regulations Coming by 2019

Regulations Round-Up: U.S. Executive Branch Employees to Disclose Crypto Holdings, French ICO Regulations Coming by 2019 In recent regulatory news, the United States Office of Government Ethics has issued a document advising employees of the U.S. executive branch to disclose their cryptocurrency holdings. In other news, Bank of Korea has rejected the notion of central bank-issued digital currencies, Crypto Finance AG has received licensing from the Swiss Financial Market Supervisory Authority […]

The post Regulations Round-Up: U.S. Executive Branch Employees to Disclose Crypto Holdings, French ICO Regulations Coming by 2019 appeared first on Bitcoin News.

Go to Source

CBDCs Are a Superior Monetary Policy Tool: Former FDIC Chair

Central bank digital currencies have elicited mixed responses around the world, but for one former chair of the US Federal Deposit Insurance Corporation, they might offer a better tool to conduct monetary policy than existing methods. In an opinion piece published on Yahoo Finance, Sheila Bair called on the Federal Reserve to seriously evaluate the […]

Go to Source

CBDC Could Have “Severely Negative Consequences” for “Bank-Dominated Payments System” – Former FDIC Chair

CBDC Could Have “Severely Negative Consequences” for “Bank-Dominated Payments System” - Former FDIC Chair The former chair of the United States Federal Deposit Insurance Corporation, Sheila Bair, recently published an article imploring the U.S. Federal Reserve to explore central bank-issued digital currencies (CBDCs). In the article, Mrs. Bair argues that the development of a state-issued cryptocurrency could “reduc[e] the risk of financial crises” and “improv[e] monetary policy tools.” Also […]

The post CBDC Could Have “Severely Negative Consequences” for “Bank-Dominated Payments System” – Former FDIC Chair appeared first on Bitcoin News.

Go to Source

Bank of Thailand Exploring Blockchain Tech and CBDCs

The Bank of Thailand, the country’s central bank, is working closely with various stakeholders in the financial services industry to explore blockchain applications in the banking sector. In a speech at the Nomura Investment Forum Asia held in Singapore, Governor Veerathai Santiprabhob was full of praise for blockchain technology, describing it as able to drive […]

Go to Source

Norway and England Contemplate Central Bank-Issued Cryptocurrencies

Norway and England Contemplate Central Bank-Issued Cryptocurrencies The central banks of Norway and England have published reports exploring different models for central bank-issued cryptocurrencies. By contrast, Federal Reserve governor, Lael Brainard, recently expressed her opposition to central bank cryptocurrencies – claiming that such would result in broad “macroeconomic consequences.” Also Read: Chilean President Considering Regulation of Cryptocurrencies Decline of Cash Prompts Norwegian Central […]

The post Norway and England Contemplate Central Bank-Issued Cryptocurrencies appeared first on Bitcoin News.

Go to Source

The Satoshi Revolution – Chapter 3: Do You Want a Government Fiat Crypto? (Part 4)

The Satoshi Revolution: A Revolution of Rising Expectations. Section 1 : The Trusted Third Party Problem Chapter 3: Trying to Undo Satoshi by Wendy McElroy Do You Want a Government Fiat Crypto? (Chapter 3, Part 4) It is the ability of governments to acquire money without direct taxation that makes modern warfare possible, and a […]

The post The Satoshi Revolution – Chapter 3: Do You Want a Government Fiat Crypto? (Part 4) appeared first on Bitcoin News.

Go to Source