yen – Page 2 – DIGIT INFO

While the US Dollar Tramples the Euro, Pound and Yen, Russia’s Ruble Skyrockets Against the Greenback

While the U.S. dollar has soared in value against a basket of worldwide fiat currencies, Russia’s ruble climbed 4.5% against the greenback this week. During the first week of September, Russia told the press China would pay for natural gas with rubles and yuan. Moreover, Switzerland’s imports of Russian gold reached a high not seen […]

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BoJ official says digital yen won’t be used to achieve negative interest rate

The Bank of Japan’s Executive Director announced that the eagerly-awaited digital yen won’t be used to attain negative interest rates.

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Japan’s financial regulators may propose legislation in 2022 restricting stablecoin issuance

The move comes as the Bank of Japan wants to roll out a digital yen CBDC by the end of next year.

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Japanese megabanks join consortium launching yen-based digital currency

Private-sector behemoths in Japan are exploring digital currencies as a way to streamline large fund transfers and settlements.

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Online Retail Giant Rakuten Allows People to Load Payment App With Cryptocurrencies

The firm Rakuten Inc., often referred to as “the Amazon of Japan,” announced customers can now load up Rakuten Pay accounts with cryptocurrencies like bitcoin, ethereum, and bitcoin cash. In order to commemorate the latest crypto service, Rakuten is also offering bonus points to people leveraging “Rakuten Cash” via crypto assets. Crypto Can Pay for […]

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New York authorizes first Yen stablecoin operator in the US

Japanese firm GMO will now be able to offer Yen and dollar-pegged stablecoins to the public in New York.

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Inflation games: Bitcoin competes with fiat on value but lacks volume

Amid global economic contraction, Bitcoin appears to be gaining momentum against struggling fiat currencies.

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Bitcoin’s Market Cap Is More Valuable Than the IMF’s Special Drawing Rights Reserves

Bitcoin's Market Cap Is More Valuable Than the IMF's Special Drawing Rights Reserves At its current price per unit, the decentralized cryptocurrency Bitcoin’s market valuation has surpassed the overall value of the International Monetary Fund’s (IMF) Special Drawing Rights market (SDR $281 billion). Since the massive global market rout on March 12, bitcoin has risen over 323% since the crypto asset’s $3,600 low in 2020. The price of […]