Kik has launched a Defend Crypto campaign, while Facebook’s crypto coin could face some demographic challenges. Coming every week, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph […]
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The Bundesbank president said that easy access to digital currencies could destabilize the financial system during periods of crisis. The president of Germany’s central bank, the Deutsche Bundesbank (BBk), has warned central banks about the potential risks of introducing digital currencies, Reuters reports on May 29. Jens Weidmann, BBk president and chairman of the board […]
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A recent report by the WEF states that at least 40 central banks around the world are currently or soon will be experimenting with central bank digital currencies. Dozens of central banks around the world are currently or soon will be experimenting with central bank digital currencies (CBDCs), according to a recent report from the […]
Continue ReadingThe QuadrigaCX story gets stranger as the criminal past of one founder is allegedly revealed, while IBM gets more into blockchain. Top Stories This Week Six Global Banks Sign Up to Issue Stablecoins on IBM’s Now-Live Blockchain Network This week, six international banks signed letters of intent to issue their own stablecoins — which will […]
Continue ReadingBitcoin critic and general manager at the Bank for International Settlements advised against the issuance of CBDCs. Bitcoin (BTC) critic and general manager at the Bank for International Settlements (BIS) Agustin Carstens advised against the issuance of central bank digital currencies (CBDCs) in a speech in Dublin on March 22. Bloomberg reported on the speech […]
Continue ReadingThe Basel Committee on Banking Supervision believes that cryptos are unsafe to rely on as a medium of exchange or store of value. International banking authority the Basel Committee on Banking Supervision (BCBS) has issued a warning statement on crypto assets on March 13. The BCBS is a committee of banking supervisory authorities hosted and […]
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The financial capital of the world can afford to be picky — but does it stifle fintech innovation? Recently the New York Department of Financial Services (NYDFS) grant statewide virtual currency licenses to two applicants: stock trading service Robinhood and cryptocurrency ATM operator LibertyX. The state’s regulatory regime, commonly known as BitLicense, imposes a set of […]
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“The emergence of crypto-assets may challenge any framework,” according to the Financial Stability Board. The growth of cryptocurrencies as an asset class “may challenge any framework” for financial stability, according to remarks from the chair of the Financial Stability Board (FSB) on Feb. 10. Speaking at a Bank of International Settlements’ (BIS) special governors meeting […]
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An Indian governmental committee is reportedly concerned by the impact that crypto could have on the country’s fiat currency, if it is allowed to be used for payments. An Indian governmental committee is concerned by the impact that cryptocurrency could have on the rupee, if it is allowed to be used for payments, according to […]
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South Korea’s central bank says it won’t be issuing a central bank digital currency in the near term, but will continue to conduct detailed research into the matter. South Korea’s central bank, the Bank of Korea (BOK), says it won’t be issuing a central bank digital currency (CBDC) in the near term, local English-language newspaper […]
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