Russia’s central bank digital currency: Prospects and problems
The digital ruble will, most likely, take the place of other forms of money, but the intrigue is which ones: non-cash or cash? Go to Source Powered by WPeMatico
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Bitcoin adoption in Nigeria soars as central bank blocks remittances in Naira
The Central Bank of Nigeria’s “Naira defense” policy is pushing more Nigerians towards Bitcoin and crypto adoption. Go to Source Powered by WPeMatico
QE Infinity: US Fed to Keep Rates at Zero, Billion-Dollar Bond Purchases Until Economy Recovers
This week the U.S. Federal Reserve met for two days at the Federal Open Market Committee meeting and detailed that it would keep short-term borrowing rates at near zero. Meanwhile, the Fed also stated that it would continue buying bonds until the U.S. economy returns to full employment. America’s central bank met this week for … Read more
Sweden is studying a potential transition to the e-krona CBDC
Sweden is examining risks and consequences of moving its economy to its e-krona digital currency. Go to Source Powered by WPeMatico
Digital ruble will undercut bank profits but help businesses: Bank of Russia
Russia’s central bank wants the digital ruble to help businesses by cutting out financial middlemen. Go to Source Powered by WPeMatico
New US stimulus, Brexit and $20K: 5 things to watch in Bitcoin this week
A mountain of fresh U.S. debt contrasts with a mountain of institutional cash potentially set to flow into Bitcoin thanks to major FOMO. Go to Source Powered by WPeMatico
China’s central bank plans digital yuan pilot for payments to Hong Kong
Preliminary talks are underway to begin testing the e-CNY in the special administrative region of Hong Kong. Go to Source Powered by WPeMatico
Swiss National Bank and BIS complete digital currency proofs-of-concept
The Swiss National Bank and BIS don’t want to miss out on possible blockchain-powered benefits for the financial system. Go to Source Powered by WPeMatico
Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO
Despite ambitions of overtaking the dollar, China’s central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks might lend a hand. Go to Source Powered by WPeMatico
Canada could launch CBDC sooner than expected, central bank exec says
COVID-19 could force the Bank of Canada to launch a CBDC sooner than previously expected. Go to Source Powered by WPeMatico