The head of Russia’s central bank has said the institution could one day launch its own digital currency. Chairwoman Elvira Nabiullina told a student conference that, while such a project…
Continue ReadingBy CCN Markets: Russia is continuing to explore the possibility of a gold-backed cryptocurrency for use as a cross-border settlement alternative with other countries. Under heavy sanctions from the US,…
Continue ReadingThe Takeaway: With $63.2 million in fresh funding from 14 banks, Fnality is building tokenized versions of five major fiat currencies. The digitized fiat would be fully collateralized by cash…
Continue ReadingThe chief of the Philippines central bank has warned over the risks of growing cryptocurrency use in the country. On Monday, The Philippine Star quoted Benjamin Diokno, governor of the Bangko…
Continue ReadingBy CCN: Deutsche Bundesbank president Jens Weidmann has added a dampener to discussions on central bank digital currencies (CBDC), claiming they would destabilize financial systems and worsen bank runs. The…
Continue ReadingFacebook’s cryptocurrency project is gathering steam as the Social Media Giant is expected to make formal announcements on the project by the end of this month. The reports that have…
Continue ReadingBy CCN: Some of the world’s biggest banks are partnering with London-based Fnality International to create a blockchain digital currency for faster cross-border transfers. These banks from Japan, Europe, and…
Continue ReadingThe head of Germany’s central bank has said central bank digital currencies could destabilize financial systems and worsen bank runs. In a speech at the opening of the Bundesbank Symposium…
Continue ReadingBy CCN: The Chairman of the Board of the Bank of Lithuania has spoken about the merits of central bank digital currencies. He has labeled them as a new, more…
Continue ReadingBy CCN: The governor Reserve Bank of Malawi (RBM) has warned that cryptocurrencies are not legal tender and should not be used in place of the legal fiat currency, the…
Continue Reading