Israel: Former PM Calls Crypto a ‘Ponzi Scheme,’ But Underlines Importance of Blockchain
Israeli ex-PM compares cryptocurrencies to Ponzi schemes, but underlines the importance of blockchain technology Go to Source Powered by WPeMatico
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Nigeria’s Union Bank Reportedly Warns Against Crypto Transactions
Nigeria’s Union Bank reportedly warns that crypto transactions could lead to the closure of bank accounts in the country, as crypto “is not a legal tender in Nigeria” Go to Source Powered by WPeMatico
France: Central Bank Does Not Endorse Plans for Tobacco Shops to Sell Bitcoin
Plans for Bitcoin to be sold at French tobacco shops are apparently going ahead, despite complaints from the central bank Go to Source Powered by WPeMatico
Bank of Thailand Governor: Digital Currency Use Won’t Replace Cash for Three-Five Years
The governor of the Bank of Thailand revealed that the use of digital currencies would take three to five years to replace the use of fiat Go to Source Powered by WPeMatico
Singapore’s Central Bank Finalizes Regulatory Framework for Crypto Payment Services
Singapore’s central bank has finalized a new regulatory regime for payment providers, which brings certain cryptocurrencies under its jurisdiction Go to Source Powered by WPeMatico
Canada, UK, Singapore Central Banks: CBDCs Would Reduce Risks in Cross-Border Payments
CBDCs can improve counterparty credit risk for cross-border interbank payments and settlements, according to the central banks of Canada, U.K. and Singapore Go to Source Powered by WPeMatico
Azerbaijan: Central Bank Doesn’t Plan to Issue Its Own Cryptocurrency
The Central Bank of Azerbaijan doesn’t plan to issue its own digital currency, considering it very “risky” Go to Source Powered by WPeMatico
IBM Exec: CBDCs Can Alleviate Risks That Contributed to 2008 Financial Crash
The CTO of IBM Blockchain for Financial Services has said that CBDCs can help to mitigate the risks that contributed to the 2008 financial crash, among other major benefits Go to Source Powered by WPeMatico
Central Bank Digital Currencies Could Have Legitimate ‘Role,’ Says IMF’s Lagarde
IMF head says organization does not discount the idea of states launching central bank digital currencies Go to Source Powered by WPeMatico
New Chinese Blockchain Alliance Plans Development of Four Finance-Oriented Platforms
The Guangzhou City Blockchain Industry Association, the Hong Kong Blockchain Industry Association, and the Macau University Innovation Center have formed a new alliance Go to Source Powered by WPeMatico