The US election seals China’s victory in digital currency supremacy
While there is an unclear future for digital currency development under Joe Biden’s presidency, China is leading the race. Go to Source Powered by WPeMatico
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BoE policymaker says digital currencies could be part of ‘new monetary order’
BoE policymaker Andy Haldane believes a widely-used digital currency could have a positive impact on financial stability. Go to Source Powered by WPeMatico
Japan’s megabanks to lead experiment with digital yen
Could a new, coordinated effort to digitalize the Japanese economy be strong enough to compete with residents’ persistent use of cash? Go to Source Powered by WPeMatico
Join BlockShow, part of the FinTech Festival backed by Monetary Authority of Singapore
BlockShow 2020 at Singapore FinTech Festival to reflect on achievements of blockchain and how the mainstream finance industry is starting to accept blockchain and digital currency tech. Go to Source Powered by WPeMatico
Dutch Bitcoin firm reluctantly tightens rules at central bank’s behest
Unique in Europe, the Dutch central bank now requires Bitcoin exchanges to prove that their users actually control their withdrawal addresses. Go to Source Powered by WPeMatico
Former Bank of Japan exec says Japan will need years to issue digital yen
A former Bank of Japan official is concerned about a digital yen triggering massive outflows from private bank deposits. Go to Source Powered by WPeMatico
Central bank digital currencies are dead in the water
CBDCs won’t fundamentally be changing anything — central banks still want to control your wealth and your money. Go to Source Powered by WPeMatico
Ukraine is prepared to lead Eastern Europe’s crypto space
The Ukrainian government is making serious steps toward crypto to make the country a leader in Eastern Europe. Go to Source Powered by WPeMatico
BIS head says physical cash still important, even if CBDCs take over
BIS Innovation Hub head Benoît Cœuré stressed the importance of maintaining multiple payment options beyond just CBDCs. Go to Source Powered by WPeMatico
“Banks will have to adjust” to crypto, says Bank of England leader
Jon Cunliffe, one of the leaders of England’s central bank, said banks must adapt to the changes brought on by digital assets. Go to Source Powered by WPeMatico