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While a number of countries are working on central bank digital currencies (CBDCs), on Tuesday, the Bank of Jamaica (BoJ) announced it will soon be piloting a CBDC project. The BoJ is working with a firm called Ecurrency Mint Incorporated and plans to pilot the cryptocurrency in May. Jamaican CBDC to Pilot this May Jamaica, […]Powered by WPeMatico
Bank of Korea Governor Lee Ju-yeol has said that crypto assets like bitcoin have no intrinsic value – put simply, a measure of what an asset is actually worth. ● Speaking in the National Assembly on Feb. 23, Lee forecast that bitcoin (BTC) will see increased price swings going forward, the local news agency Yonhap […]Powered by WPeMatico
The G7 will begin its Feb. 12 meeting on the subject of central bank digital currencies, before moving to digital taxation and accelerating global debt.
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Payments giant Visa Inc’s CEO Alfred Kelly has revealed his firm’s plans to enable cryptocurrencies trading on its network. Kelly, who is also chairman of the firm, explains that there is no reason not to add cryptos when these are increasingly becoming “a recognized means of exchange.” Digital Gold Segment In an earnings call with […]Powered by WPeMatico
The Ministry of Digital Transformation of Ukraine has picked the Stellar Development Foundation (SDF) to develop its central bank digital currency project (CBDC). Ukraine Picks Stellar Foundation to Develop Its Central Bank Digital Currency and National Virtual Asset Strategy According to the official announcement, both parties signed a “Memorandum of Understanding” to deploy Ukraine’s crypto […]
The post Ukraine Chooses Stellar Foundation to Develop Its CBDC, Regulatory Infrastructure for Stablecoins appeared first on Bitcoin News.
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The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings. In a recent study, the global lender points to the changing geopolitical landscape, technological advances and the impact of the Covid-19 pandemic as events likely to influence the composition of reserves. Advances in Financial Technologies In addition to the […]
The post IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves appeared first on Bitcoin News.
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Every single day the conversation about the Great Reset continues to amplify. More recently, mainstream media publications have been publishing rebuttals in response to the many skeptics of this agenda who believe the reboot propaganda is meant to install a new world order. The American broadcaster Max Keiser is telling a few countries to get […]
The post The Great Reset Agenda: ‘Bitcoin Is a Decentralized and Rational Strategy to Opt-Out’ appeared first on Bitcoin News.
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PayPal is planning to launch crypto services for users of its platform globally, along with the Venmo app, and the company will explore central bank digital currencies.
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Ethereum-based company Consensys has cut hundreds of jobs since January. In its latest action, the US-based blockchain development team confirmed it will slash more than 90 jobs – or 14% of its workforce – citing the global impact of Covid-19. The decision comes after a virtual town hall meeting on April 20, reports say. The […]
The post Consensys Cuts Hundreds of Jobs This Year – About 25% of Its Staff Slashed appeared first on Bitcoin News.
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The discussions pertaining to centara bank digital currencies, or CBDCs, are far from over it seems. Deutsche Bank analyst Marion Laboure has very high hopes for this field of research. Numerous banks would love to create a digitized version of their fiat currency. Central Bank Digital Currencies in 3 Years? Doing so is not difficult, but creating a viable ecosystem is something else entirely. Deutsche Bank analyst Marion Laboure expects CBDCs to be issued within the next three years. In fact, she believes that the coronavirus crisis is a prominent catalyst for this particular prospect. Using cash is dissuaded in
The post Deutsche Bank Analyst Expects Central Bank Digital Currencies to Appear in 3 Years appeared first on The Merkle News.
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