Gemini Exchange Adds Local Currency, DeFi Tokens in Singapore Expansion
The exchange has increased the trading options for Singapore users, including several DeFi tokens. Source
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Currency
French Central Bank Trials Digital Currency for Interbank Settlement
The leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source
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Former Canadian Prime Minister Lists Bitcoin as Possible Future Reserve Currency
Stephen Harper, an economist and the former prime minister of Canada, said bitcoin could potentially see use as a reserve currency, but isn’t going to supplant the U.S. dollar’s international role.In an interview with Cambridge House’s Jay Martin on Sunday, Harper acknowledged that the dollar had been on a downtrend,
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China’s Blockchain-Based Service Network to Integrate Central Bank Digital Currency
China’s Blockchain-based Service Network (BSN) – a permissioned blockchain network for building decentralized applications and tokens – plans on releasing a beta central bank digital currency (CBDC) as early as the second half of 2021, according to a Jan. 15 blog. Source
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Swedish Bankers Air Concerns Over E-Krona Digital Currency Plan
Swedish banks have expressed apprehension over the central bank’s proposed e-krona digital currency and how it could affect their industry.With Sweden the nation that uses cash the least globally, the Riksbank has been considering taking digital payments using the e-krona mainstream. Late last year, Sweden’s financial markets minister, Per Bolund,
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Ukraine Government Picks Stellar Development Foundation to Help Build National Digital Currency
Ukraine’s government has chosen the Stellar blockchain network as a platform to build a central bank digital currency (CBDC).Announced Monday, the Ministry of Digital Transformation of Ukraine and the Stellar Development Foundation (SDF) signed a Memorandum of Understanding to build out a “virtual assets ecosystem and national digital currency of
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Turkey to Pilot Digital Currency in 2021, Says Central Bank Governor
Turkey will begin piloting a previously undisclosed digital currency in the second half of 2021, the country’s chief central banker Naci Ağbal told members of parliament Friday. “There is an R&D project initiated on digital money. Currently the conceptual phase of this project has been completed. We aim to start
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Japan Gearing Up to Launch Its Own Digital Currency: Report
The group is preparing to conduct a feasibility study for its virtual currency in 2021. Source
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Russia’s central bank digital currency: Prospects and problems
Active digitalization of large domestic financial institutions is a noticeable, definitely positive trend. Russia is one of the five world leaders in the speed of transition to cashless payments, and the number of contactless transfers and payments are increasing every year. Such active development requires changes in legislation, and inevitably,
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China’s Latest Digital Currency Trial Is Its Most Important Yet
More money, more participants, more participating banks and merchants – a look inside the latest DC/EP trial in Suzhou.Our main discussion: Why the newest trial of China’s central bank digital currency is its most important trial yet.In this episode, NLW discusses: Source
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