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In addition to recommending the financial education of the public in the Bahamas, the IMF hinted at the importance of a “robust supervisory and regulatory framework” for digital assets. Go to Source Powered by WPeMatico
“Globally, more than two thirds of central banks consider that they are likely to or might possibly issue a retail CBDC in either the short or medium term,” said the BIS. Go to Source Powered by WPeMatico
The Bahamas Prime Minister Philip Davis shared his plans to welcome crypto businesses to the region during SALT’s Crypto Bahamas. Go to Source Powered by WPeMatico
The European Central Bank (ECB) leans toward a “transparent” digital euro over one that ensures a higher level of privacy for its users, a presentation devoted to the project has indicated. In the document, the monetary authority explores different privacy options for the eurozone’s digital fiat. User Anonymity Not Desirable for Digital Euro, ECB Says … Read more
Transactions via the EU’s prospective CBDC could be transparent to intermediaries, as any non-crypto digital transactions are. Go to Source Powered by WPeMatico
The former Federal Reserve official once again expressed his opposition to a United States central bank digital currency in a Tuesday podcast. Go to Source Powered by WPeMatico
The senator spoke about the importance of definitions and weeding out nonviable altcoins for her comprehensive bill on cryptocurrency. Go to Source Powered by WPeMatico
SALT’s Crypto Bahamas brought together traditional financial players with crypto companies and industry experts to discuss the future of digital assets. Go to Source Powered by WPeMatico
Eurozone’s monetary authority, the Eurosystem, is looking to enlist financial companies willing to develop front-end solutions for the digital euro. The plan is to carry out a “prototyping exercise” this year to test transactions to the back-end developed by the regulator. Eurosystem to Select Front-End Providers for Digital Euro Project Within the ongoing investigation into … Read more
The Indian government is exploring “several commercial use purposes and not just financial inclusion” for its central bank digital currency. India’s finance minister clarified that the aim is for the digital rupee, which will be backed by the Reserve Bank of India (RBI), to be issued by 2023. India’s Finance Minister on RBI-Backed Digital Currency … Read more
