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Category: national cryptocurrency
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The Bahamas will launch a digital Central Bank ‘Sand Dollar’ in October
The Central Bank of The Bahamas is planning to launch a national cryptocurrency across its entire archipelago next month.
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Top Facts on China’s Crypto Yuan and Related Blockchain Projects
As China stops the spread of COVID-19 inside the country, the government announced two of the largest crypto and blockchain-related developments.
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BRICS Nations Discuss Shared Crypto to Break Away From USD and SWIFT
BRICS countries are discussing the launch of a cross-national cryptocurrency to replace the U.S. dollar and enable freedom of trade
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Digital Yuan: Weapon in US Trade War or Attempt to Manipulate Bitcoin?
Six years after beginning to research digital technologies, China has finally decided to accelerate the development of a state cryptocurrency
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Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin
Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency to take the USD down a peg. The […]
The post Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin appeared first on Bitcoin News.
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Details of Iran’s National Cryptocurrency Unveiled
Iran has been developing a national cryptocurrency, a move that could allow them to evade US economic sanctions. Informatics Services Corporations, the country’s leading provider of banking systems, has reportedly been designing and developing the cryptocurrency and has now revealed its features. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Built on Hyperledger Informatics […]
The post Details of Iran’s National Cryptocurrency Unveiled appeared first on Bitcoin News.
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Iran Expected to Lift Cryptocurrency Ban in September
The deputy for innovative technologies at the Central Bank of Iran, Nasser Hakimi, has stated that Iran’s financial regulator will be reviewing the country’s blanket cryptocurrency ban. The central bank official also indicated that the country’s regulatory apparatus pertaining to virtual currencies is expected to be finalized by the end of September. Also Read: Thailand Updates […]
The post Iran Expected to Lift Cryptocurrency Ban in September appeared first on Bitcoin News.
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CBDC Could Have “Severely Negative Consequences” for “Bank-Dominated Payments System” – Former FDIC Chair
The former chair of the United States Federal Deposit Insurance Corporation, Sheila Bair, recently published an article imploring the U.S. Federal Reserve to explore central bank-issued digital currencies (CBDCs). In the article, Mrs. Bair argues that the development of a state-issued cryptocurrency could “reduc[e] the risk of financial crises” and “improv[e] monetary policy tools.” Also […]
The post CBDC Could Have “Severely Negative Consequences” for “Bank-Dominated Payments System” – Former FDIC Chair appeared first on Bitcoin News.
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$2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies
The chairman of the economic committee of Iran’s parliament has revealed that Iranians have sent more than $2.5 billion out of the country to purchase cryptocurrencies with. His statement follows the country’s central bank banning local banks from dealing with digital currencies including bitcoin. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space $2.5 Billion […]
The post $2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies appeared first on Bitcoin News.
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