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"Digital euros are euros, but bank deposits are not euros. Deposits are just promises to pay euros, and if banks can't fulfill those promises, then you get crises emerging," he said, adding that a CBDC would have the benefit of stability, justifying the use of the digital euro instead of
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Ravi Menon says the country is instead clearing a path for CBDCs and regulated stablecoins. There will not be a place for private cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) in the monetary scene as many of them fail the “fundamental tests of financial services,” Monetary Authority of Singapore’s managing
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European Central Bank (ECB) president and prominent Bitcoin (BTC) critic Christine Lagarde has shared a family story about unsuccessful cryptocurrency investments, according to a report from Reuters.Lagarde told students at a town hall in Frankfurt on Nov. 24 that her son lost “almost all” of his investments in crypto
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"I believe it is our responsibility – not only the central bank's, but also the financial industry's – to be ready to ensure that a service which is key to society's well-being, as the payment system is, does not come under threat. Therefore, and irrespective of the decision which is
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OpenAI ousted Sam Altman as its chief last week after the board said it no longer had confidence in his ability to lead the company. Source
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Dubai’s VARA CEO Henson Orser resigns amid impending fines on non-compliant crypto firms. The leader of the United Arab Emirate’s primary cryptocurrency oversight body, Henson Orser, is set to resign. This departure comes as the authority gears up to enforce strict penalties on several digital asset companies that haven’t complied with
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U.S. regulators don't have any more authority now to head off another major crypto collapse than they did when FTX imploded and took much of the industry with it, said Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam. Original Source
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The public sector should continue to prepare for CBDC deployment, IMF Managing Director Kristalina Georgieva said. Original Source
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“I really do think that Optimism is the best team in crypto, hands down,” Wyatt told CryptoX in an interview. “I loved my time at YouTube, I loved my time at Polygon. I'm super happy with the work that I did at both of those places. I'm so eager about
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The former compliance chief of OneCoin — a 2015 crypto scheme that defrauded investors out of $4 billion — has pleaded guilty to wire fraud and money laundering charges in Manhattan federal court.In a Nov. 10 statement, the Department of Justice (DOJ) said that U.S. District Judge Edgardo Ramos had
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