Marshall Islands digital currency would ‘raise risks,’ says IMF
Thanks to COVID measures, the local economy may not recover until 2022. Go to Source Powered by WPeMatico
Digital Currency
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Digital Yuan Won’t Be Fully Anonymous but Offers ‘Controllable’ Privacy Protection, Says Official
Privacy has been a discussion that has not gone unnoticed when it comes to the forthcoming launch of the digital yuan. The head of the People’s Bank of China-run Digital Currency Research Institute had firmly pointed out that anonymity cannot be guaranteed at all. Feature Seeks to Avoid Tax Evasion and Finance Terrorism During an … Read more
China’s digital yuan will offer best privacy protection, says official
The People’s Bank of China intends to enable anonymous digital yuan transactions of small amounts in order to protect “reasonable” anonymity needs. Go to Source Powered by WPeMatico
Putin issues orders to combat ‘illegal cross-border transfers’ of digital assets
Russia is apparently preparing to scrutinize cross-border cryptocurrency transactions for potential illegal activity. Go to Source Powered by WPeMatico
Goldman Sachs Reports Rising Customer Demand for BTC: Predicts an ‘Explosion’ in the Use of Digital Currencies
John Waldron, the chief operating officer (COO) of Goldman Sachs, says the financial services giant is seeing rising customer demand to own and invest in bitcoin. Nevertheless, the COO explained that his organization was still exploring ways of satisfying this demand without running afoul of regulators. ‘How Banks Should Be Regulated When Dealing With Digital … Read more
Bank of Russia to start digital ruble trials in 2022
The Bank of Russia hopes to complete a prototype platform for a digital ruble by the end of 2021. Go to Source Powered by WPeMatico
Chinese banks pilot digital yuan at Shanghai department stores
The Bank of Communications and China Construction Bank conducted digital yuan trials at two major department stores in Shanghai. Go to Source Powered by WPeMatico
South Korean Shinhan Bank pilots digital currency platform with LG CNS
South Korean commercial bank Shinhan Bank has built a digital won pilot platform in collaboration with LG CNS. Go to Source Powered by WPeMatico
Canadian bank plans to launch dollar-backed digital currency ‘in the coming months’
Stablecorp CEO Jean Desgagne said VersaBank’s digital currency was intended to provide an alternative to concerns over volatility and security in crypto markets. Go to Source Powered by WPeMatico
The Fed Is Carefully Examining Digital Dollar — Chairman Jerome Powell Says ‘Very High Priority Project for Us’
Federal Reserve Chairman Jerome Powell has provided an update on the progress of a digital dollar. He confirmed that it is a “very high priority project” for the Fed, and agrees with U.S. Treasury Secretary Janet Yellen on the benefits of issuing a digital dollar. The Fed Is Looking Carefully at a Digital Dollar Fed … Read more