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The President of Central Reserve Bank of Peru (CBRP), Julio Velarde Flores, announced in November 2021 that the country would cooperate with India, Singapore and Hong Kong to develop a CBDC. The Central Reserve Bank of Peru (CBRP) has recently published a report on the need for a well planned
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The Central Reserve Bank of Peru (CRBP) has published a paper that it said will be the first in a series to examine the need, design and timing of a Peruvian central bank digital currency (CBDC), John Kiff, research director at the Sovereign Official Digital Association (SODA), reported. The report concentrates
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“Para nosotros, que no hemos tenido inflación por mucho tiempo, 9% es bastante alto. A pesar de que el tipo de cambio no se ha disparado, la moneda local se ha ido depreciando poco a poco frente al dólar estadounidense”, dijo Romero, de Buenbit, a CoinDesk. “Por lo tanto, existe
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Julio Velarde, the president of the Central Bank of Peru, attacked the value of cryptocurrencies and referred to negative effects they are said to have on the environment. In a recent interview with local media, Velarde said the Bank did not consider bitcoin a payment method. Instead, Velarde referred to
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A draft of a new cryptocurrency asset law was introduced in Peru in December, seeking to regulate the cryptocurrency interactions that are already happening in the country. The draft law, besides defining what a crypto asset is and establishing the duties of virtual asset service providers (VASPs), also seeks to
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The president of Peru’s central bank, Julio Velarde, has indicated that the country will be joining forces with India, Singapore, and Hong Kong to develop its own central bank digital currency (CBDC). Peru has decided on partnering up with the central banks of these countries, mainly because they are way
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The president of the Central Reserve Bank of Peru Julio Velarde announced that his country will be entering the global race to develop a Central Bank Digital Currency (CBDC).At the Annual Conference of Executives (CADE) with business leaders in Lima on Nov. 16 he said: “I think the payment system
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The Central Reserve Bank of Peru (BCRP) is developing a central bank digital currency (CBDC), BCRP President Julio Velarde said Tuesday.“We have been working on a digital currency,” Velarde said at an online business forum in Peru. “We are involved in a lot of projects with several central banks.”The initiative
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