Bank of Korea seeks tech partner to build central bank digital currency
South Korea’s state digital currency pilot is scheduled to run from August to December 2021. Go to Source Powered by WPeMatico
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Dutch Central Bank Revokes Strict Verification Rules for Crypto Exchanges
The cryptocurrency industry in the Netherlands has won a small but significant battle. The country’s central bank has canceled some excessive verification procedures that it imposed on crypto service providers last fall. The move comes after a local exchange took the matter to court. DNB Takes a Step Back on Unlawful KYC Requirements De Nederlandsche … Read more
Bank of Canada: Crypto highly risky despite institutional adoption
Crypto volatility is an emerging vulnerability to Canada’s financial system, while stablecoins pose risks for the country’s monetary system, the Bank of Canada said. Go to Source Powered by WPeMatico
State digital currency to get more trust than crypto, says Russian ex-PM
Former Russian prime minister and president Dmitry Medvedev believes that it is time to recognize the importance of crypto and CBDCs. Go to Source Powered by WPeMatico
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
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