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Read MorePayPal has terminated its services to domain registrar Epik, allegedly due to a risk of money laundering through its “alternative currency” Masterbucks, according to an article on Mashable.However, in a series of open letters, Robert Davis, Epik’s senior vice president of strategy and communications has suggested that the motive behind
Read MoreA Russian official argued that the country should have launched research on a central bank digital currency four years ago in order to claim leadership in the field.However, according to Dmitry Peskov, a special representative of the President of the Russian Federation on digital and technological development, the first-mover advantage also
Read MoreChangpeng Zhao, the enigmatic chief executive of Binance, believes a central bank digital currency that’s designed well enough could become a threat to Bitcoin. In a video interview with Fortune senior writer Jeff Roberts, he was asked how the People’s Bank of China’s digital yuan initiative would affect the crypto industry.
Read MoreThere appears to be a disagreement within the top echelons of Japan’s government on the threat that China’s CBDC poses to the nation. Just last week, Kenji Okamura, vice-finance minister for Japan’s international affairs voiced concerns over its neighbor’s efforts in the space, stating “first-mover advantage is something we should
Read MoreThe Bank for International Settlements (BIS), in collaboration with a group of seven central banks, published its first joint report into central bank digital currencies on Oct. 9, focusing on the foundational principles and core features of CBDCs.Alongside the report, the Bank of Japan, one of the members of the
Read MoreThe pandemic has seen consumers adopt digital payments in increasing numbers and the trend was accelerating, said the President of the European Central Bank (ECB) Christine Lagarde. She also indicated a panel of euro-zone central bank officials is set to reveal a verdict on a European central bank digital currency
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