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The European Central Bank (ECB) wants to play an active role in the field of digital currency, said President Christine Lagarde. As the bank works on its own digital currency and an instant payment system, Lagarde emphasizes that “central bank initiatives should neither discourage nor crowd out private market-led solutions for fast and efficient retail … Read more
The People’s Bank of China says it is making smooth progress with the development of its forthcoming digital currency Go to Source Powered by WPeMatico
Issuing a national digital currency could prevent losing the economic war with China Go to Source Powered by WPeMatico
Leaders in the blockchain and cryptocurrency space share their New Year’s wish for the industry Go to Source Powered by WPeMatico
Following a “successful” introduction of a digital currency, other existing payment instruments may disappear if their use falls below a critical threshold Go to Source Powered by WPeMatico
The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro from 16.34% to 17.40%. The change could signal further disassociation … Read more
In this roundup, we cover Russia’s supreme court recognizing tokens as assets like money and property, France’s new crypto regulatory framework, and several industry developments in China, including a blockchain ETF filing. We also cover Japan’s world conference for decentralized financial governance, Uzbekistan’s crypto ban, and four countries’ central bank digital currency updates. Also read: … Read more
The Bank of Korea will organize a task force dedicated to central bank digital currency research in 2020 Go to Source Powered by WPeMatico
The Bahamas is planning to pilot a digital version of the Bahamian dollar in the Exuma district starting December 27 Go to Source Powered by WPeMatico
No country has a stiffer policy on blockchain than China, so the country’s latest issuance of bonds on its decentralized system raises eyebrows Go to Source Powered by WPeMatico