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The Central Bank of Bhutan, the Royal Monetary Authority (RMA), has partnered with Ripple to start testing a model of its central bank digital currency (CBDC) using Ripple’s technology. The test will be using Ripple’s own CBDC private ledger, to support similar use cases. The pilot test will include retail, cross-border and wholesale payments for … Read more
Bitcoin derivatives markets flipped neutral-to-bearish after China’s ‘crypto ban’ announcement triggered a BTC price dip to $40,600. Go to Source Powered by WPeMatico
Since 2009, China and Hong Kong have “banned” or otherwise caused FUD in the crypto space on 22 separate occasions. Go to Source Powered by WPeMatico
REN, CELR and CVC ignore the market’s bearish reaction to China’s new crypto ban by posting double-digit gains. Go to Source Powered by WPeMatico
The People’s Bank of China (PBOC), the country’s central bank, published a Q&A to its website which said that Chinese citizens participating in virtual currency exchange offshore is “considered illegal financial activity.” The PBOC also reiterated comments it had made in the past stressing that “financial institutions and non-bank payment institutions” cannot process crypto payments. … Read more
The latest debacle over China’s anti-crypto stance has a firm historical echo to it — and old hands are more than aware. Go to Source Powered by WPeMatico
The Chinese central bank sets up a “coordination mechanism” with state agencies to continue battling crypto. Go to Source Powered by WPeMatico
Old news suddenly gets picked up on social media, sparking an instant crypto price crash. Go to Source Powered by WPeMatico
PBoC maintains its anti-crypto stance despite local players experimenting with digital yuan-pegged stablecoins. Go to Source Powered by WPeMatico
Nexi, a leading European payments company, is reportedly giving advice to the European Central Bank (ECB) related to the digital euro project. The announcement was made by Nexi’s CEO Paolo Bertoluzzo, who also gave his opinion about the future of central bank digital currencies (CBDC) and cryptocurrencies during the Money 20/20 fintech conference in Amsterdam. … Read more