Buying Bitcoin is like entering a minefield, Bank of Russia exec says
The Bank of Russia expressed concerns over the increasing number of local investors pouring their money into Bitcoin. Go to Source Powered by WPeMatico
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Bank of Ghana to pilot CBDC with German securities printing firm G+D
Originally specialized in currency and securities printing, Giesecke+Devrient has been increasingly working with central banks like the Bank of Thailand in piloting CBDCs. Go to Source Powered by WPeMatico
Bank of Jamaica mints the first batch of national digital currency
The Bank of Jamaica plans to issue a total of $1.5 million of CBDC to institutions and authorized payment service providers as part of a pilot ending this December. Go to Source Powered by WPeMatico
Singapore to License Digital Payment Providers, Approves Crypto Exchange
The Monetary Authority of Singapore (MAS) has notified several providers of digital payment services that they will be licensed to operate in the city-state. The move, which comes after the approval of a crypto exchange for a license, secures Singapore’s status as Asia’s crypto hub, industry observers say. Digital Payment Service Providers to Be Authorized … Read more
Cambodia explores cross-border transactions of CBDC-like Bakong
Launched in late 2020, Cambodia’s digital money project Bakong reached 200,000 users in June, doubling from three months earlier. Go to Source Powered by WPeMatico
‘Bitcoin fixes this’ — US Infrastructure Bill would add $250B to US debt mountain
The hotly-debated legislation is no surprise to hard money supporters, as Cameron Winklevoss saying that it would “plunder” future generations. Go to Source Powered by WPeMatico
Fed governor says CBDCs remain ‘a solution in search of a problem’
Chris Waller’s comments come after Jerome Powell said the Federal Reserve would be issuing a discussion paper on CBDCs. Go to Source Powered by WPeMatico
Fed Governor Lael Brainard Can’t Imagine Future Without Digital Dollar
Pointing to a number of reasons why a digital version of the U.S. dollar should be created, Federal Reserve Governor Lael Brainard insisted that not having one wouldn’t lead to a sustainable future. The central bank official believes a digital dollar will have both international and domestic applications. US Fed’s Lael Brainard Can’t Wrap Head … Read more
Central Bank of Ireland Governor Talks Crypto, Praises ‘Secure, Decentralized’ Technology
Gabriel Makhlouf, the governor of the Central Bank of Ireland (CBI), has published a blog post in which he shares his views on the digitalization of finance. While echoing concerns expressed by his counterparts regarding cryptocurrencies, the official has also highlighted some of their positives. Don’t Ignore the Positive Elements of Crypto Technology, Central Bank … Read more
Ukraine central bank now officially allowed to issue digital currency
Ukraine’s newly-signed law titled “On Payment Services” requires close cooperation between the National Bank of Ukraine and private startups in the payment market. Go to Source Powered by WPeMatico