Digital euro to be ‘most private electronic payment option’
Since the inception of the digital euro, many critics have called the proposed digital currency a surveillance tool. Go to Source
Central Bank
Auto Added by WPeMatico
Potential Trump victory and rising global liquidy may benefit crypto, analyst says
Macroeconomist Lyn Alden assesses the impact of the 2024 US presidential election outcome on Bitcoin and the broader crypto industry. Go to Source
Bahamas to Mandate Banks to Distribute Central Bank Digital Currency
The Bahamas, the first country to issue a central bank digital currency (CBDC) called the Sand Dollar, is preparing regulations to mandate commercial banks to provide access to the e-money to boost adoption. Central Bank Governor John Rolle indicated that these regulations would be implemented within two years. “We’ve begun to signal that to our … Read more
European Central Bank releases first CBDC progress update
The ECB promised pseudonymization and independent audits of the CBDC system to calm consumer fears of tracking. Go to Source
Iran to launch public CBDC pilot in June
Unlike other types of electronic money in Iran, the digital rial doesn’t require interbank settlement to transfer funds between the buyer and the seller. Go to Source
Ripple partners with National Bank of Georgia to digitize economy
Ripple continues to deepen its CBDC collaboration with the Republic of Georgia by exploring ways to digitize the local economy. Go to Source
Bitcoin price hits $70K as spot and BTC ETF buying surges
Analysts believe Bitcoin price is en route to new highs now that the recent consolidation phase has come to an end. Go to Source
Gold Prices Break Record Highs, Silver Also Rallies
Gold has continued rising in financial markets, hitting new all-time high (ATH) prices against the U.S. dollar. The precious metal’s price rose to levels close to $2,450 per ounce this Monday, fueled by geopolitical tensions and the expectations of a Federal Reserve dovish move on interest rates. Other motives propelling gold prices would be the … Read more
Philippines begins Peso-backed stablecoin sandbox testing
The test aims to evaluate the PHPC stablecoin’s real-world performance, its impact on the local fiat ecosystem, and its potential uses, including payments, trading and DeFi applications. Go to Source
Cryptocurrency Imports in Brazil Break Records and Begin to Affect Trade Balances
Purchases from foreign cryptocurrency exchanges, considered imports, have broken records in Brazil, putting some weight into the nation’s trade balance. During the last 12 months, cryptocurrency purchases reached $14.84 billion, after reaching $12.3 billion last year. Likewise, crypto imports reached $4.69 billion in Q1 2024, rising by 118% compared to the numbers registered in Q1 … Read more