No one can refuse China’s digital currency, says central bank exec
The digital renminbi is legally compensatory to China’s fiat currency. Go to Source Powered by WPeMatico
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The Tell Tale Signs of a Scam Crypto Website: Bitcoin-Up.Live
From late March 2020, when the global pandemic Covid-19 paralysed many economies, the appeal of cryptocurrencies has grown. Several statistics show increased interest from downloaded wallet apps to peer-to-peer traded volumes. In many ways, this interest in bitcoin and altcoins is evidence that the policies of central banks are failing. Many professional investors, as well … Read more
Bank of France: stablecoins could impact EU financial sovereignty ‘for decades’
Banque de France Governor François Villeroy de Galhau wanted about the threat of “Big Tech” stablecoins. Go to Source Powered by WPeMatico
At least 3 nations to replace their currency with CBDC by 2030: report
The digital yuan will not unseat the U.S. dollar — at least not right away. Go to Source Powered by WPeMatico
Could Russia lead Eastern Europe’s crypto boom?
Russia’s new bill brings it in line with U.K. legislators, though there is a distinction between the approach of the FCA and the State Duma. Go to Source Powered by WPeMatico
Brazil could have CBDC in two years, says central bank president
A central bank digital currency in Brazil may be inevitable. Go to Source Powered by WPeMatico
Bank of England governor dismissed Bitcoin as a means of payment
Cryptocurrencies like Bitcoin don’t quite convince Bailey, but he sees a lot of potential for stablecoins. Go to Source Powered by WPeMatico
Blockchain technology, financial and self-sovereign digital identities
Discussing a use case that the Brazilian government started developing last year: a digital identity solution called FinID. Go to Source Powered by WPeMatico
US Federal Reserve now owns over 20,000 different financial assets
The nation’s money printer continues to go “Brrr”. Go to Source Powered by WPeMatico
Jerome Powell throws US dollar under a bus in Jackson Hole
Fed Chairman Jerome Powell threw the U.S. dollar under a bus last week at the central bank’s annual Jackson Hole, Wyoming, meeting. Go to Source Powered by WPeMatico