The Takeaway: A review of over 50 patent applications submitted by the People’s Bank of China shows the design of its central bank digital currency will only resemble a cryptocurrency…
Continue ReadingPaper money today is a marginal part of the currency in circulation and represents a direct relationship between the end user and the central bank. Its use is, however, unknown…
Continue ReadingThis month alone, at least three separate countries have reported on their prospective central bank-issued digital currencies (CBDCs): The Republic of the Marshall Islands (RMI) announced the creation of a…
Continue ReadingThe Bank of Thailand, the country’s central bank, has moved ahead with its digital currency project by building a blockchain-based prototype solution. The solution will enable the central bank to…
Continue ReadingCryptocurrency enthusiasts should hodl their coin reserves as the IMF declares war on cash following negative interest rate proposals. If anything, this is the best time for people to turn…
Continue ReadingThe custodians of global financial order have been prominent in crypto news recently. The weekend kicked off with the announcement of the International Monetary Fund (IMF) joining forces with the World Bank…
Continue ReadingBitcoin price under pressure Carstens of BIS against central bank digital currencies (CBDCs) Volumes low and drop below or above Mar 21 high-lows must exceed 13k According to BIS’s Carstens,…
Continue ReadingI’m afraid the BIS was not very receptive at the time: it saw any expansion as a slippery slope. Central Banks Can Design Their Own ‘Cryptos’ Carstens then took the…
Continue ReadingJapan’s central bank has examined the role of central bank digital currencies (CBDCs) in the current monetary system in a report released on Feb. 19. In the document, the bank…
Continue ReadingA Central Bank Digital Currency (CBDC) is not good for a country’s financial stability, said the Bank of Korea in its latest report. Dubbed as ‘Central Bank Digital Currency and…
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