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The government should ensure consumers can use the preferred currency instead of launching a digital currency, according to U.S. think tank the Heritage Foundation Go to Source Powered by WPeMatico
Congressman tells Federal Reserve Chair that the U.S. is at the tipping point of issuing its central digital currency Go to Source Powered by WPeMatico
A senior Japanese lawmaker said that the country should release its digital yen in two to three years Go to Source Powered by WPeMatico
At the recent Symposium for Future Payments held in Stanford, California on February 5, Federal Reserve Governor Lael Brainard stressed the importance of remaining “on the frontier of research and policy development regarding CBDC.” The position seems a contrast to the narrative in 2018 when Brainard maintained “there is no compelling demonstrated need for a … Read more
Six major central banks will reportedly discuss digital currencies in April during an International Monetary Fund conference Go to Source Powered by WPeMatico
China’s stock market plunged Monday under selling pressure accumulated during a prolonged holiday. Investors have been worried by the coronavirus outbreak that’s already taken the lives of more than 360 people. Beijing authorities have responded by pumping well over a trillion yuan into the country’s economy and financial system. Also read: China’s Inflation Hits a … Read more
Singapore’s central bank and regulator MAS has licensed capital markets blockchain platform iSTOX to operate in the city-state Go to Source Powered by WPeMatico
With China still in the lead, other countries are advancing their projects to develop payment systems around central bank digital currencies (CBDCs). Cambodia, for example, has recently revealed it will mint its own coin within months. The news comes as more details about the digital Chinese yuan indicate its main purpose will be to substitute … Read more
Singapore’s Zebpay crypto trading platform reopens to Indian customers despite central bank crypto ban Go to Source Powered by WPeMatico
India’s National Strategy on Blockchain has been published. It recommends, among other things, for the Reserve Bank of India (RBI) to issue a central bank digital currency. The Ministry of Electronics and Information Technology tasked the National Institute for Smart Government with drafting this national policy. Also read: Regulatory Roundup — New US Crypto Tax … Read more