Everyday transactions with China’s digital currency during the Beijing Olympic Games account for around 2 million yuan (approximately $315,000), a top official at the nation’s central bank said. He further …
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Ripple (XRP) has partnered with the Digital Euro Association (DEA) to work on CBDCs
On Friday (February 11), the Digital Euro Association (DEA) announced that it was “delighted” about a new partnership with FinTech firm Ripple. The Digital Euro Association (DEA) is “a think tank specializing …
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Bank of America crypto strategists say stablecoin adoption and CBDC is ‘inevitable’
It appears that the United States will finally be moving forward to create its own central bank digital currency (CBDC), according to the Bank of America. Bank of America crypto …
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Australia is going to enforce a cryptocurrency reform plan in 2022
The Australian politician and Federal Treasurer – Josh Frydenberg – indicated that Australia would implement a “comprehensive payments and crypto-asset reform plan” next year. The legislation is expected to enhance …
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European Central Bank: digital currencies to be considered as legal tender
Central Bank Digital Currencies (CBDCs) developed by foreign institutions are most likely going to become legal tender in the eurozone, according to officials, via Bloomberg. The likelihood of this outcome was confirmed by European Central Bank …
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Nigeria is set to become the first African country to launch a central bank digital currency
Nigeria, a country with one of the world’s highest cryptocurrency adoption rates, is set to become the first African nation to launch its own central bank digital currency (CBDC) today as President …
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Financial leaders from the G7 issue central bank digital currency guidelines
Group of Seven advanced economic nations has been discussing central bank digital currencies (CBDCs) this week, concluding that they should “do no harm” and meet rigorous standards. Finance leaders from …
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Edward Snowden calls CBDC “perversion of cryptocurrency.” Find out why
The world-famous whistleblower from the US, Edward Snowden, has taken to Twitter to bash the concept of central bank digital currencies (CBDCs) and in particular the one that the Fed Reserve …
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The US Federal Reserve is ready to launch review process for potential CBDC
The U.S. Federal Reserve released its plans to initiate a review of the risks and benefits of issuing a U.S. digital currency, or Central Bank Digital Currency (CBDC), following the …
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Federal reserve governor ‘highly skeptical’ of digital dollar
U.S. Federal Reserve Governor Christopher Waller has stated that he is “highly skeptical” that the country needs to develop its own central bank digital currency (CBDC). In remarks prepared for …
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