Bank of England Warns Crypto Adoption May Impact Credit Creation
The Bank of England official urges regulators to prepare before stablecoins become “systemically important” Go to Source Powered by WPeMatico
Central Bank
Auto Added by WPeMatico
Brazil’s PIX Payments System Has the Same Spirit, but Not a Blockchain Structure
When PIX is implemented, a number of Brazilan banks could take a hit. Point-of-sale machines and payment processing firms could become scarce Go to Source Powered by WPeMatico
Fed Coronavirus Rate Cut May Beat Bitcoin Inflation After 2020 Halving
The Fed may bring short-term rate under 1% this year, traders are betting as coronavirus continues its spread Go to Source Powered by WPeMatico
Bank of Japan Official Calls for Deeper Understanding of Digital Currencies
Advanced economies should focus on addressing money laundering and oversight instead of issuing digital currencies, says a Bank of Japan official Go to Source Powered by WPeMatico
Lebanon Fights for Separation of Money and State as Residents Use Bitcoin to Evade Capital Controls
Mass unrest in Lebanon due to allegations of political corruption and heavy handed capital controls has carried over into the new year, with reports pointing to a notable uptick in bitcoin trading from the embattled nation. As residents seek to preserve as much value as they can while government falters, some traders are calling for … Read more
China’s Digital Yuan Research Delayed Amid Coronavirus Epidemic
The coronavirus outbreak has led to postponed work at various Chinese government institutions, including the organs responsible for researching and developing the digital yuan Go to Source Powered by WPeMatico
Ukraine’s Central Bank: E-Hryvnia Threatens Landscape of Banking System
The National Bank of Ukraine is still trying to balance the potential threats and benefits of a central bank digital currency Go to Source Powered by WPeMatico
China Adopts Security Standards for Blockchain Applications in the Financial Sector
Keeping the focus on blockchain development, banking authorities in China have issued a set of rules pertaining to the secure application of crypto-related technologies in the financial sphere. The new standards, the first of this kind, are to guide the work of developers and service providers operating in the industry. Also read: China Issues Digital … Read more
Bank of England Official: Central Banks May Lose Payments Race to Tech Companies
The chief cashier of the Bank of England has warned that central banks must act quickly to prevent tech companies from dominating the digital payments sector Go to Source Powered by WPeMatico
In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix
Banco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many new services. Portrayed as a response to Bitcoin, the Pix system will be mandatory for major financial institutions to ensure wide coverage. The project aims to limit the use of paper money and … Read more