Hong Kong is exploring a general-purpose central bank digital currency (CBDC) to be distributed through commercial banks and payment service providers, said Howard Lee, deputy chief executive of the Hong …
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Boston Fed and Massachusetts Institute of Technology To Release Digital Dollar Prototypes In July
Researchers at the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) will unveil prototype central bank digital currency systems as early as July, according to a new …
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Crypto kryptonite’: A digital euro would be dual threat to banks and fintechs, a critical new report warns
Europe’s banks, already facing a potential tidal wave of bad loans stemming from the COVID pandemic, could face a new threat to their viability from an unexpected quarter: The European …
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Central Bank of France is Eyeing XRP as Basis for Digital Euro
CPA Australia has released a report that says the Central Bank of France is considering using Ripple and XRP as a potential platform for issuing the digital euro. CPA Australia is a professional accounting …
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Central Bank of France Eyes XRP as Basis for Digital Euro
Banque de France, the central bank of France, has reportedly discussed XRP and Ripple for the launch of a central bank digital currency (CBDC). The central bank is planning to …
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Central Bank of Ghana To Launch Regulatory Sandbox Pilot for Blockchain and Financial Projects
The central bank revealed this development in a recent press release. According to the report, the sandbox will cover a wide range of innovations within the financial services sector and improve …
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Bank of Korea Governor expressed skepticism over the recent crypto rally
Amid a major downward correction in the cryptocurrency market, the head of South Korea’s central bank is skeptical about digital currencies like Bitcoin (BTC). Bank of Korea Governor Lee Ju-yeol said …
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Cryptocurrency market is too big to ignore according to Nigeria SEC
Having recently suspended its planned crypto regulations in the wake of the central bank ban, Nigeria’s Securities and Exchange Commission has clarified its position on cryptocurrencies in the country. According to a report by Premium …
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Federal Reserve branch shares paper on Ether & DeFi
A paper regarding decentralized finance—which surprisingly included the term “DeFi”— was recently published to the website of the St. Louis Federal Reserve, a branch of the United States’ central bank. …
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Nigeria’s Central Bank move aims to burst the country’s cryptocurrency bubble
The latest crackdown by Nigeria’s central bank on cryptocurrency has elicited outrage and confusion in a country where the virtual currency has boomed in the last five years. It’s also emblematic …
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