Government Cryptocurrency

Deutsche Bank says crypto poses a threat to political and financial stability.

The Frankfurt-based investment bank published a report saying that non-sovereign cryptocurrencies pose a threat to political and financial stability as a real digital payment revolution has been underway for the last ten years. The report claims that even though...

Former Deputy Governor of PBoC tells China to slow on CBDC.

People's Bank of China (PBoC) has been working on its national digital currency from the last 5 to 6 years and is now almost ready to issue it to all major banks in the country. China fast-tracked the process...

BIS report says countries with emerging economies are more likely to issue CBDC

According to a Bank of International Settlement report, central banks in emerging economies are more likely to launch their CBDC as compared to central banks in developed economies. The report also revealed that most of the work being done...

Bank of Japan is looking to accelerate its research on CBDC.

Central banks all over the world are studying and analyzing central bank-issued digital currencies. As reported earlier, central banks in Europe, Canada, and other countries grouped together to discuss the impact of central bank-issued digital currencies on the economy...

Central banks in Europe, Japan, and Canada come together to assess CBDC

The central banks of Canada, England, Japan and Switzerland have teamed up with the European Central bank and the Bank for International Settlements (BIS) to review how a digital currency owned by each central bank could come into existence...

China tests its digital currency, launch expected soon.

The national digital currency of China dubbed DC/EP has been successfully tested by the People's Bank of China. However, Fan Yifei, vice governor of the PBoC, has said there are still some areas that need improvement before launching the...

The Reserve Bank of Australia will not allow Facebook’s Libra even with strict regulations

The Reserve Bank of Australia has denied any hopes for allowing Facebook's stablecoin in the country. However, the central bank is bullish on the success of centralized stablecoin.   RBA does not see bitcoin taking off as a mode of payment...

European Central Bank is looking into the feasibility and merits of launching its digital currency.

Christine Lagarde, the president of the European Central Bank, said that innovation in the area of payments is racing ahead in response to the urgent demand for quicker and cheaper payments, especially cross-border ones. She noted that ECB wants...

US SEC outlines its priorities related to the crypto industry.

The U.S. Securities Exchange Commission released a report highlighting the risk that the emerging digital assets market can create for the retail investors. The report says that due to these risks, OCIEE will continue to identify and examine SEC-registered...

Major Banks from China conduct research and development for sovereign cryptocurrency

Last year, Facebook decided to launch its digital coin, Libra, which didn't receive a warm welcome from the authorities and banks worldwide. On the other hand, China decided to launch its centralized cryptocurrency by the end of 2019. Still,...

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Bitcoin finally breaks above the $9,000 mark.

The first month of 2020 has been quite good for bitcoin bulls as they managed to push through the...