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Retail CBDCs, issued directly by a central bank to a country's citizens, who can use them to purchase goods and services, can theoretically cut out traditional intermediaries like commercial banks, Galhau said, addressing a more contentious type of CBDC. Original Source
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Having served his five-year prison sentence in France, Russian IT and crypto specialist Alexander Vinnik is now facing a return to Greece and possible extradition to the United States. A French cassation court has recently dismissed an appeal filed by his defense against the transfer. US Extradition Continues to Haunt BTC-e’s
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Cryptocurrency exchange Coinbase has revealed its plan to expand in several European markets. The company is reportedly in the process of registering a crypto exchange in Spain, France, Italy, and the Netherlands. Coinbase Expanding in Europe Coinbase Global Inc. (Nasdaq: COIN) is reportedly planning to expand operations in Europe, Bloomberg reported Wednesday,
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The EU bill would also tackle decentralized finance and bitcoin's energy use. Original Source
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Binance has been registered as a digital asset provider in France. Original Source
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Impermanent loss is one of the most recognized risks that investors have to contend with when providing liquidity to an automated market maker (AMM) in the decentralized finance (DeFi) sector. Although it is not an actual loss incurred from the liquidity provider’s (LP) position — rather an opportunity cost that
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On Wednesday, the Banque de France (BdF), the BIS Innovation Hub (BISIH), and the Swiss National Bank (SNB) announced the success of a pilot run of a wholesale central bank digital currency (wCBDC), titled Project Jura. The project aimed to investigate cross‑border settlement with euro and Swiss franc wCBDCs, and
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France’s central bank has concluded that further examination of wholesale central bank digital currencies (CBDCs) is needed following its initial experiments.The Banque de France’s experiment commenced in March 2020, with results published Monday.“We have demonstrated that a wholesale CBDC would be of benefit for cross-border and cross-currency payments as it
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Global crypto exchange Binance is starting a 100-million euro ($115 million) initiative to develop the blockchain and crypto ecosystem in France and Europe, Binance CEO Changpeng “CZ” Zhao announced in a talk with French Minister Cédric O at the French Ministry of Finance in Paris.Binance is launching the new initiative, officially
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As the adoption of digital assets is becoming more mainstream, some countries are awakening to join the flow. This has borne the desire to get a central bank digital currency, CBDC, by some countries. One of such countries is France. For some months, the Central Bank of France has explored a
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