Cryptocurrency Analysis and News Portal
China is set to launch the world’s first central bank digital currency (CBDC). As the majority of central banks, including in the US and Europe, are tentative over issuing their own CBDCs, the People’s Bank of China (PBoC) has gone all-in on the idea of a digital Yuan and not
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The Dutch central bank has notified that it will start regulating companies that are providing cryptocurrency services in the Netherlands beginning from January 10, 2020.In an announcement that was released this Tuesday, the De Nederlandsche Bank has made it clear that crypto firms serving in the Netherlands for the exchange
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Rwanda’s central bank, the National Bank of Rwanda, is researching how to offer an official digital currency.BNN Bloomberg reported the news on Aug. 22. The central bank is interested in offering digital currency as a means to increase transaction efficiency and foster economic growth, per the report. However, Financial
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While investors agree that the current monetary policies from central banks will spell doom for the market, there is no consensus on which asset takes primacy as a hedge against the coming uncertainties. Mark Mobius of Mobius Capital Partners recently told Bloomberg, that rising bitcoin interest will only fuel the
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India’s supreme court has slammed the country’s central bank over its handling of a cryptocurrency business ban and ordered it to address complaints.Judge: RBI has not properly responded to representationIn the latest session of an ongoing hearing into the actions of the Reserve Bank of India (RBI) on Aug.
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China’s answer to Facebook’s Libra digital currency could help the central bank attract business away from Alipay and WeChat Pay.Speaking to mainstream media outlet the South China Morning Post (SCMP) on Aug. 19, Cindy Wang, an analyst at DBS Group Research, said Beijing could profit from the appeal of
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The People’s Bank of China (PBoC) has claimed that its digital currency “can now be said to be ready."According to PBoC deputy director Mu Changchun, a prototype that adopts blockchain architecture has been successfully developed after five years of research.His announcement, made at the China Finance 40 Forum, was
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The People’s Bank of China (PBoC) – China’s central bank, which is in charge of overseeing the development of an official state-issued cryptocurrency – apparently plans on intensifying tits work behind the scenes to ensure the cryptocurrency arrives here soon.You will recall that China’s government has been hinting on this
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Any country seeing widespread use of Facebook’s proposed Libra digital currency could find that its central bank monetary policy is severely undermined. This is the view of Hiromi Yamaoka, former Bank of Japan executive, who oversaw research into digital currencies for the organization.“The emergence of Libra would pressure policymakers
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