Cryptocurrency Analysis and News Portal
German banks have presented a position paper in which they make several arguments for the digital euro.On Oct. 30, in a paper released by the Association of German Banks (Bankenverband), which represents more than 200 private commercial banks and eleven member associations, banks stated that the “economy needs a
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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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The venture capital arm of German marketplace Deutsche Börse has sealed a new partnership for allowing institutional investors to obtain digital securities.Deutsche Börse pushes regulated digital securitiesIn a press release on Oct. 30, Deutsche Börse Venture Network (DBVN) confirmed the deal with local fintech company Cashlink, the benefits of
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“…But it could also bring a lot of illegal cross-border financial activities. This should be a matter of great concern to all countries, especially emerging markets.” Sun TianqiSpeaking on the Bund Summit in China’s commercial hub, the chief accountant of China’s State Administrator of Foreign Exchange (SAFE), Sun Tianqi, urged
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The president of the European think tank, the Centre for Economic Policy Research (CEPR), told CNBC that although Facebook’s forthcoming digital currency Libra has not been approved yet, it could spark the creation of another global virtual currency.Since it was announced, Libra has faced a lot of criticism from multiple
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An executive at a Chinese economics think tank has said that China’s central bank will be the first to launch a digital currency successfully.According to Chinese tech news outlet Pandaily, Huang Qifan, vice chairman of China Center for International Economic Exchanges (CCIEE), confidently believes that China’s central bank will
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China’s rapid embrace of blockchain, more precisely its Yuan backed crypto is huge news in circles such as congress, finance and the Whitehouse itself. First off we start with China’s new law aimed at developing blockchains increasing role as a replacement for Fiat currency active 1st Jan 2020. According to the Chinese
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The renowned Chinese internet-based technology conglomerate, Tencent Holding, joined the queue earlier in the week when it released its blockchain whitepaper for 2019 that suggests Facebook’s cryptocurrency Libra poses as much threat to the current digital payment systems as much as it does to the traditional financial world.Before now, Facebook’s
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The Central Bank of the Bahamas (CBOB) is planning to release its own fiat digital currency in order to ensure economies’ resilience in the event of a natural disaster.CBOB governor John Rolle made the statement during his speech at the Counsellors Limited’s Exuma Business Outlook at Sandals Emerald Bay,
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It has been revealed that Galaxy Digital plans to launch new Bitcoin funds in November.On October 23, a severe crypto crash struck leaving Bitcoin hovering around the $7,500 level. Many of the investors said that they never thought this kind of buying opportunity would come again. Now, market leaders believe
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