Blockchain not suitable for CBDC, says Swiss national bank economist
Global economists continue to question the implications of blockchain implementation for central bank digital currencies. Go to Source Powered by WPeMatico
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Tanzania central bank may rescind crypto ban after presidential endorsement
President Samia Suluhu Hassan’s positive stance on crypto could see Tanzania’s central bank reversing its previous cryptocurrency prohibition. Go to Source Powered by WPeMatico
Palestine monetary authority mulls digital currency as ‘political signal‘
Analysts note that the occupied territories’ macroeconomic and political conditions don’t allow for a digital currency to operate as a means of exchange but stress its potential value at a symbolic level. Go to Source Powered by WPeMatico
Bank of Israel steps up CBDC efforts with reported tests on Ethereum
The Bank of Israel has experimented with using Ethereum and nonfungible tokens for a pilot as part of its ongoing digital shekel research, a local report claims. Go to Source Powered by WPeMatico
Bank of France, Swiss Crypto Bank Test Securities Settlement Using CBDC
The Bank of France has successfully completed an experiment involving the use of CBDC to settle listed securities. The test has been carried out with the help of an alliance of partners led by SEBA Bank, a digital asset banking provider based in the Swiss crypto valley. Central Bank and Crypto Company Conduct Successful CBDC … Read more
Iran Seizes 7,000 Bitcoin Mining Machines
Iranian police have reportedly seized 7,000 bitcoin mining machines operating illegally in the country. The machines were found in an abandoned factory west of the capital. 7,000 cryptocurrency mining machines have been seized by Iranian authorities, state news agency IRNA reported Tuesday, noting that this is Iran’s largest seizure of cryptocurrency mining machines to date. … Read more
Bank of Israel deputy governor confirms digital shekel pilot is underway
Despite the pilot, the central bank’s deputy governor said he was apprehensive about launching a full-scale CBDC in Israel, and referred to Bitcoin as a “pyramid scam.” Go to Source Powered by WPeMatico
PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately
China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin and other virtual currency transactions.” PBOC Tells Banks to Stop Dealing With Crypto Exchanges and … Read more
Banque de France tests digital currency-based securities settlement
The Bank of France has completed a central bank digital currency pilot for securities transactions in collaboration with Swiss crypto bank SEBA. Go to Source Powered by WPeMatico
Over 3,000 ATMs in Beijing can now convert digital yuan into cash
The Agricultural Bank of China previously debuted digital yuan ATMs this January. Go to Source Powered by WPeMatico