EU Plans for Wholesale CBDC Out Within Weeks, French Central Banker Says
A central bank digital currency usable by financial markets is moving faster than a more controversial plan targeting regular citizens Source
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Head of Portugal Central Bank deems crypto unsustainable, calls for global regulation
Mário Centeno, the Governor of Banco de Portugal, joins a chorus of regulators, claiming that national efforts to oversee crypto wouldn’t work correctly without a global framework. A section of Mário Centeno's speech. Source: Publicnow.comIn his opening speech at the 2023 Banco de Portugal Financial Stability Conference on Oct. 2, Centeno
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BIS Chief Calls On Central Banks To Prepare
Central banks worldwide must be proactive in adapting to the fast-evolving crypto landscape, urged Cecilia Skingsley, the head of the Innovation Hub
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Brazil’s central bank to implement tight crypto laws
The governor of Banco Central do Brasil, the country’s central bank, announced plans to tighten crypto regulations due to rising adoption. During a speech to the parliamentary Finance and Taxation Commission on Sep. 27, Roberto Campos Neto drew attention to the increasing number of Brazilians importing crypto. According to data from the
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BIS and central banks of France, Singapore, and Switzerland wrap up CBDC project
The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland have completed Project Mariana. Project Mariana focused on the cross-border trading and settlement of CBDC between financial institutions by applying the decentralized finance (defi) technology. The initiative was developed by three financial innovation hub centers (the Swiss,
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BIS and France, Switzerland, Singapore Central Banks Successfully Test Cross Border Trading of Wholesale CBDC Using DeFi
Project Mariana's proof of concept used a hypothetical euro, Singapore dollar and Swiss franc wCBDCs between simulated financial institutions. The project relied on "a common token standard on a public blockchain which facilitates interoperability and seamless exchange of wCBDC across varied local payment and settlement systems maintained by participant central
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Brazil’s crypto surge prompts Central Bank to tighten regulation
The governor of the Central Bank of Brazil, addressing the Finance and Taxation Commission of the country's parliament, said the bank has noted a significant surge in crypto adoption in the country and intends to react by tightening the digital assets regulation. During his speech on Sept. 27, Banco Central do Brasil
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Coinbase (COIN) Registers With Central Bank of Spain
The global economy may not be ready to face the worst-case scenario of the U.S. interest rate rising as high as 7% with stagflation, according to the CEO of investment banking giant JPMorgan (JPM), Jamie Dimon, Bloomberg reported on Tuesday. Since March 2022, the Federal Reserve has raised the benchmark
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Coinbase Successfully Registers With Spain's Central Bank
The firm has registered as a crypto exchange and custody wallet provider. Source
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EU Central Banks Facing Triple Dilemma amid Growing Inflation
Central Banks around the world are grappling with the difficult task of managing excessive inflation while maintaining economic development. In recent times, Central Banks in the European Union (EU) are facing a triple dilemma that demands delicate balancing acts and strategic decisions following persistent high inflation that is threatening to cripple
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