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In addition to offline functionality, RBI is gauging CBDC’s potential for cross-border transactions and linkage with legacy systems of other countries. Go to Source Powered by WPeMatico
The use cases for the CBDC ranged from offline payments to “trusted Web3 commerce” and financial industry participants were invited to undertake a live pilot. Go to Source Powered by WPeMatico
BoE deputy governor Jon Cunliffe compared a potential digital pound with iPhone’s Apple Store as it could “open a new frontier for people to improve payments.” Go to Source Powered by WPeMatico
A series of recommendations and papers setting standards for a global crypto regulatory framework will be released by the institutions in July and September. Go to Source Powered by WPeMatico
On the sidelines of the G20 meeting, U.S. Treasury Secretary Janet Yellen said the country is not pushing for an outright banning of crypto activities. Go to Source Powered by WPeMatico
This week, Bloomberg Intelligence Senior Macro Strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further explained in an update about bitcoin and the Nasdaq that a key ingredient to force the U.S. Federal Reserve to pivot its stance … Read more
The IMF mission spent three months studying conditions in the country, which is preparing to produce a feasibility report. Go to Source Powered by WPeMatico
BTC price action is all but guaranteed to benefit from extra central bank liquidity, but the journey higher is fraught with difficulty, says QCP Capital. Go to Source Powered by WPeMatico
BIS General Manager Agustín Carstens reckons the war between fiat and crypto has been won by fiat. The community would tend to disagree. Go to Source Powered by WPeMatico
After multiple attempts to create an efficient digital currency, the Central Bank of Nigeria is turning to a New York tech firm to revamp the underlying technology. Go to Source Powered by WPeMatico