Bookmarking Crypto Insights
Auto Added by WPeMatico
Tanzanian President Samia Suluhu Hassan has urged her country to be ready for emerging fintech by paving the way for cryptocurrencies. She also urged the country’s central bank to begin the necessary preparations for a step-change in global attitudes towards banking. However, in her address of the Tanzanian finance chiefs, Hassan acknowledges that not everyone … Read more
A long-time member of the Russian State Duma has criticized the central bank’s approach to digital assets. Go to Source Powered by WPeMatico
China reportedly implemented the country’s first blockchain-powered digital yuan transactions in the Xiong’an New Area. Go to Source Powered by WPeMatico
The Republic of Cuba is suspending the use of U.S. dollars due to embargo restrictions with U.S. and foreign banks. The central bank of Cuba’s restrictions stems from the “obstacles that the U.S. embargo creates for the national bank system.” Cuba Bans USD Deposits, BCC Tells Tourists to ‘Arrive With a Currency Other Than the … Read more
The Central Bank of Nigeria says it is gearing up to test a sovereign digital currency to ease foreign remittance restrictions. Go to Source Powered by WPeMatico
The central bank digital currency project will test cross-border settlement between French and Swiss fiat currencies. Go to Source Powered by WPeMatico
The Bank of England’s executive director of the Financial Market Infrastructure Directorate says that stablecoins are hardly “launching us off into some brave new world.” Go to Source Powered by WPeMatico
The Hong Kong Monetary Authority (HKMA) plans to guide local banks towards full adoption of fintech technologies, a new strategy reveals. The region’s central banking institution also stressed that it’s going to “walk the talk” by digitalizing its own supervision of financial institutions. Hong Kong Central Bank to Support Fintech Development Hong Kong’s monetary policy … Read more
Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital yuan to its domestic payments system to evaluate the CBDC’s usability in cross-border scenarios. Hong Kong Residents to Load E-CNY Wallets via Mobile Phones China … Read more
The Bank of England has published a new discussion paper that tries to gauge the systemic implications of both private stablecoins and a central bank digital currency. Go to Source Powered by WPeMatico