Cryptocurrency Analysis and News Portal
The European Central Bank President, Christine Lagarde, addressed the ECB’s top brass, saying that the bank needs to outline the objectives of its upcoming cryptocurrency project before the development and the technical process begins, at a conference on Thursday.The European Central Bank is expected to have a thoroughly detailed set
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Notably, those reports revealed Riksbank’s reticence to base any such digital currency on a blockchain or distributed ledger technology (DLT), which Riksbank labeled an “inefficient technology.” But its 2018 report nonetheless stated that “an e-krona should be able to interact with DLT solutions.” Source
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In a statement following a cabinet meeting, the government said: “Universally accessible central bank digital currency would bring no additional benefits for Switzerland at present. Instead, it would give rise to new risks, especially with regard to financial stability.” Source
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The history of the cryptocurrency project can be traced to the 1970s. One key factor was the fear of future surveillance. Both surveillance and the possibility to more directly manipulate transaction data. I wrote about Paul Armor, a computer scientist who worked on and off in the Department of Defense, and
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In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners,
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The tests are likely to include the participation of state-owned partners. These comprise the "Big Four" commercial banks – the Industrial and Commercial Bank of China, Bank of China, China Construction Bank and the Agricultural Bank of China – and three telcos, China Telecom, China Mobile and China Unicom. Source
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According to the new release of ‘Outrageous Predictions’ by the banking fintech company Saxo Group, The United States dollar’s long-lived reign as the main reserve currency might soon meet its end, especially as China has started working on the creation of a new digital currency that is driven by blockchain
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Going by recent headlines, it appears as though central banks around the world are planning to or in the process of creating their own digital currencies.The coins, by their disruptive nature, are bound to attract attention from these banks. And with Facebook’s plans to launch the Libra, there are ever-growing
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The central bank of France plans to pilot a central bank digital currency (CBDC) for financial institutions in 2020. François Villeroy de Galhau, the governor of the Bank of France, announced that the bank will start testing the digital euro project by the end of the first quarter 2020,
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Japan's MUFG Bank and Recruit Holdings are reportedly launching a digital currency as part of a new payments venture. Source
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