Deutsche Bank: central bank digital currency will replace cash in long term
Deutsche Bank has called on Europe to accelerate the development of central bank digital currencies. Go to Source Powered by WPeMatico
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Lebanon to launch digital currency in face of economic and financial turmoil
Lebanon’s central bank governor says the country, whose lira has been in freefall, is preparing to launch a digital currency in 2021. Go to Source Powered by WPeMatico
CBDC revolution is coming in 3 years, says Bitcoin naysayer Roubini
The word “cryptocurrency” is a misnomer because it isn’t a currency, according to Roubini. Go to Source Powered by WPeMatico
Argentinian Central Bank to Lift Freeze on Bank Fee Increases: Sets the Ceiling for Future Hikes at 9%
The Central Bank of the Argentine Republic says starting in January 2021, financial institutions will be able to increase the fees or commission they levy for services rendered. In its November 5 update, which effectively ends the February 19 freeze on any fee hikes, the central bank says such increases should not exceed 9% each … Read more
Netherlands registers first consumer-facing crypto platform since AMLD5
Everyday investors in the Netherlands can now invest in crypto, thanks to company’s new registration. Go to Source Powered by WPeMatico
Only 4% of Norway uses cash as country evaluates CBDC, Norges Bank exec says
Cash usage has declined in Norway since COVID-19, but physical currency also carries strengths that CBDCs may lack. Go to Source Powered by WPeMatico
Russia’s central bank says the pandemic has accelerated regulators’ interest in CBDCs
The pandemic-induced crisis is galvanizing new trends across all aspects of the global economy, including digital currencies. Go to Source Powered by WPeMatico
Fed calling for more stimulus is ‘code for buy Bitcoin,’ says Winklevoss
Jerome Powell says Congress should agree further fiscal stimulus as U.S. public debt tops $27.2 trillion. Go to Source Powered by WPeMatico
Economy minister says Brazil will have its own CBDC
Paulo Guedes said that the Brazilian real will have a digital counterpart and also highlighted the autonomy of the Central Bank Go to Source Powered by WPeMatico
China’s digital yuan is ‘a long way’ from beating USD says financial firm exec
Sounds like its CBDC is unlikely to dethrone the United States dollar as the world’s reserve currency anytime soon. Go to Source Powered by WPeMatico