Dutch regulators unsure of number of crypto investors in Netherlands
Stringent KYC requirements notwithstanding, the Dutch central bank still does not know how many crypto investors are in the Netherlands. Go to Source Powered by WPeMatico
Central Bank
Auto Added by WPeMatico
Cuban Central Bank Issues Warning on the Rising Number of Crypto-Related Ponzi Cases
Cuba has witnessed some exciting times in the last few months as far as nationwide digital currency acceptance, but the road toward this goal is still under construction. The country’s central bank recently issued a warning about the rising number of cryptocurrency-related scam cases across the island. Alleged Crypto Scams Are Mentioned in the Alert … Read more
State-backed digital currencies can disrupt financial systems: Report
While CBDCs could help central banks address the decline in cash payments, some risk factors remain. Go to Source Powered by WPeMatico
UK will likely need to issue a digital currency, says BoE deputy governor
The Bank of England’s deputy governor has argued that, with the possible rise of non-bank actors issuing currency, public money in digital form could serve as a crucial anchor for confidence in money as a social convention. Go to Source Powered by WPeMatico
Central Bank of Bahrain and JPMorgan to work on digital currency settlement pilot
The Central Bank of Bahrain expects that its digital currency collaboration with JPMorgan and Bank ABC could extend to a CBDC. Go to Source Powered by WPeMatico
Bank of Korea wants to monitor crypto trading activity, cites monetary risks
South Korea’s central bank is the latest entity seeking powers to monitor crypto trading activity in the country. Go to Source Powered by WPeMatico
Hong Kong to expand pilots for cross-border use of digital yuan
The first phase of tests for use of the digital yuan across borders has been successful, the Hong Kong Monetary Authority has said. Go to Source Powered by WPeMatico
Bank of Israel Drafts Model of a Digital Shekel
The central bank of Israel has offered a glance at what a digitalized version of the national fiat currency may look like. According to a released “draft model” of the coin, Israelis should be able to use the digital shekel in payments, even offline, and convert it to cash at any moment. The Israeli central … Read more
Israel’s central bank floats possible digital shekel with new action plan
The bank has been exploring the introduction of a CBDC since 2017. Go to Source Powered by WPeMatico
China’s Digital Yuan Smart Card to Feature Biometrics and Fingerprint Scanning
The People’s Bank of China’s upcoming digital yuan card will feature IDEX Biometrics and fingerprint scanning, according to regional reports. China’s “Digital Currency Electronic Payment” or DCEP is getting closer toward launch by the day. Last week, smart card manufacturer Chutian Dragon and IDEX Biometrics announced the companies are working on a digital yuan payments … Read more