Thursday, November 21, 2019
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Central Bank of China Starts Trials to Restrict Large Cash Transactions

The People's Bank of China (PBOC) announced that it will pilot a restriction on large-scale cash transactions in three different regions across the country, with one expert calling the move paving the way for its upcoming digital Renminbi token (RMB).On Nov. 14, local news outlet Xinhuanet reported that the

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Ex-Federal Reserve Chairman Greenspan: ‘No Point’ Issuing Central Bank Digital Currency

The former Federal Reserve chairman Alan Greenspan said at a conference that it is pointless for central banks to issue their own digital currencies.Presenting his views, Greenspan said that national (fiat) currencies are backed up by sovereign credit and therefore are far superior to digital assets proposed by tech giants

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China’s Central Bank Executive: ‘Controllable Anonymity’ with State’s Digital Currency

As China moves forward towards the launch of the digitized version of its traditional currency, investors and financial authorities all over the world closely monitor and assess its implications for the general public.With worries of surveillance and abuse in mind, the head of the People’s Bank of China’s digital currency

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Former European Central Bank President: Strongly Against Bitcoin, Crypto Is Not Real

Jean-Claude Trichet, former president of the European Central Bank has affirmed his doubts over cryptocurrency, claiming that it can never become the future and replace fiat currency.Trichet is merely the latest anti-crypto member with a banking background to express a dislike over the new emerging technology of cryptocurrency that is

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Tunisia Develops the Central Bank Digital Currency E-Dinar

In what comes as major development in the adoption of a blockchain technology and crypto, Tunisia announces its own Central Bank Digital Currency (CBDC). With this launch, Tunisia positions itself as the first major country to adopt a CBDC, faster even than previously anticipated.The new cryptocurrency, called “E-dinar,” was officially

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Draft Document Reveals Intention to Develop Cryptocurrency by European Central Bank

Facebook’s announcement in June to launch its own cryptocurrency, Libra, met a lot of obstacles as countries including France and Germany claimed that the use of Facebook’s digital currency in their territories could be a potential risk for their financial sector.In accordance with that assessment, recently a European Union draft

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Argentina’s Central Bank Forbids Acquiring Cryptocurrency with Credit Cards

In order to curb the fast depleting foreign reserve in Argentina, the Central Bank of the Argentine Republic has placed a stringent restriction on the amount of Bitcoin(BTC)trade and US dollar its citizens can purchase, and limited the means with which people could make such purchases.Argentina’s economy may have hit

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