Cryptocurrency Analysis and News Portal
Thailand is laying the groundwork to become a “crypto-positive society” with the aim to attract crypto holders and boost its tourism industry. The country hopes to gain back some of the $80 billion in lost tourism revenue due to the Covid-19 pandemic and subsequent shutdown. Thailand Plans to Attract Crypto Holders The
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The governor of the Bank of England (BoE), Andrew Bailey, said that exploring a central bank digital currency (CBDC) would be better for financial stability than asset-backed stablecoins, which the banking chief said he was “skeptical” about.Speaking at a House of Lords’ Economic Affairs Committee on Tuesday, Bailey said a
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“The blockchain technology has been there for ten years and can grow without cryptocurrencies,” RBI Governor Shaktikanta Das said at the SBI Banking and Economics Conclave on Tuesday. “When the central bank says we have serious concerns from the point of view of macroeconomic and financial stability, there are far
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India’s central bank, the Reserve Bank of India (RBI), still has “serious concerns” about cryptocurrency from a macroeconomic and financial stability standpoint. Furthermore, RBI Governor Shaktikanta Das says he doubts the veracity of the number of Indian crypto investors reported by the media. RBI Has Serious Concerns About Crypto, Governor Doubts
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The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking forum. The governor also warned that cryptocurrencies and fiat-backed stablecoins create risks for financial stability. CBR’s Nabiullina Praises Digital Ruble
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The governor of the Reserve Bank of India (RBI) believes that the number of Indians reported to be investing in crypto could be “exaggerated.”Shaktikanta Das said he is “not so sure about the numbers which being quoted,” in an interview, which was part of financial newspaper Business Standard’s BFSI Insight
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During a virtual video session at the Bank of Finland Institute for Emerging Economies' 30th Anniversary Conference, People's Bank of China governor Gang Yi discussed recent developments regarding the country's central bank digital currency, or CBDC, known as the digital yuan (e-CNY). Gang specifically addressed the issue of privacy surrounding
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Central Bank of Russia isn’t prepared to admit a bitcoin exchange-traded fund (ETF) to the market, the head of the regulator, Elvira Nabiullina, told Russian media. Her statement, reaffirming the bank’s hardline stance on cryptocurrencies that has been recently criticized again, came after the debut of bitcoin ETFs in the
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Randal Quarles, who also chairs the Financial Stability Board, said he’s not certain how a central bank digital currency could address financial inclusivity concerns. Oct 20, 2021 at 9:14 p.m. UTCUpdated Oct 20, 2021 at 9:25 p.m. UTCFSB Chair Randal Quarles (Lintao Zhang/Getty Images) Original Source
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The New York State Governor Kathy Hochul has been asked by a group of local businesses to deny permits for converting the city’s old fossil-fuel power plants into crypto mining centers. The request comes in the form of a letter cosigned by a number of organizations, businesses and labor groups.The
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