Cryptocurrency Analysis and News Portal
A report commissioned by IBM and the central banking think tank the Official Monetary and Financial Institutions Forum (OMFIF), claims scores of officials from central banks around the world are considering launching their own consumer-ready central bank digital currency (CBDC).The report is based on findings of a research group which
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China’s central bank, the People’s Bank of China (PBoC), will use a new system to certify 11 types of fintech hardware and software products relating to digital payments. On Oct. 29, the PBoC alongside China’s market regulator, the State Administration for Market Regulation (SAMR), jointly released a set of documents
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73% of leading global banks have claimed that central bank digital currencies (CBDC) should be available “under all circumstances” in a new study.“CBDC will substitute much more easily for cash”According to a joint report conducted by tech giant IBM and the Official Monetary and Financial Institutions Forum (OMFIF), global
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Ever since the vision for a Libra stablecoin was unveiled in its white paper back in June, Facebook has suffered a startling backlash from countries around the world. Some American politicians have claimed the digital currency has the potential to be more dangerous than 9/11. Lawmakers over in Europe haven’t been
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Malayan Banking Bhd (Maybank) has signed a memorandum of understanding (MoU) with the National Bank of Cambodia (NBC) on cross-border payments and remittances.On Oct. 16, Malaysian business news outlet The Edge Markets reported that the largest bank in Malaysia, Maybank, will work together with the National Bank of Cambodia
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Denis Beau, the deputy governor of France’s central bank, Banque de France, recently delivered comments regarding the approach of central banks to cryptocurrencies.Establish appropriate cryptocurrency regulations On Oct. 16, Beau spoke at the Official Monetary and Financial Institutions Forum conference in London, where he discussed the role of cryptocurrency assets in
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Patrick Harker, president of the Federal Reserve Bank of Philadelphia, is confident that central bank digital currencies are inevitable.As Reuters reported on Oct. 2, Harker expressed the idea that central banks — including the Federal Reserve — will inevitably release digital currencies. Still, Harker believes that the United States should
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According to some sources, Venezuela’s Central Bank is conducting tests to check if it can contain cryptocurrencies in its coffers. The news came after Petroleos de Venezuela SA showed interest in using Bitcoin(BTC)trade to make its payments.Petroleos de Venezuela SA (PDVSA) is a state-run natural oil and gas company. According
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Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has
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The chief economist of Dutch multinational banking and financial services giant ING says that Facebook’s plan to launch a digital currency has put pressure on central banks to launch their own.In an article and video interview published on ING’s THINK portal on Sept. 27, Mark Cliffe said that there
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