The European Central Bank stated that cryptocurrency’s implications for monetary policy do not factor into the real economy. The European Central Bank (ECB) stated that cryptocurrencies do not have implications on monetary policy or factor into the real economy in a May report. In the report dubbed “Crypto-Assets: Implications for financial stability, monetary policy, and […]
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Chinese payment giant WeChat bans crypto payments for merchants. On May 7, Dovey Wan, founding partner of crypto investment firm Primitive Ventures tweeted that the Chinese social media behemoth and payment service provider WeChat is set to ban merchants from making cryptocurrency payments. This ban marks the latest effort to stymie cryptocurrency usage in China, […]
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The CEO of Reserve thinks central banks will tokenize their currency, but businesses will choose other stablecoin services for their privacy. CEO Nevin Freeman of stablecoin startup Reserve predicts that central banks will tokenize their currency at some point, but stablecoins will likely still have an advantage in offering privacy. Freeman delivered his remarks at […]
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The Bank of France’s governor Francois Villeroy de Galhau says they are monitoring stablecoins “with great interest.” The Bank of France has taken an interest in stablecoins, as indicated by the bank’s governor Francois Villeroy de Galhau in a Bloomberg report on May 14 . Villeroy has said that the bank is “observing with great […]
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Fidelity may soon offer crypto trading, Facebook Coin may be launched in Q3 2019, and more. Top Stories This Week Hackers Withdraw 7,000 Bitcoins in Binance Crypto Exchange Security Breach Binance, one of the largest cryptocurrency exchanges by daily trade volume, experienced a security breach this week, losing a little over 7,000 bitcoins (BTC). CEO […]
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Indian cryptocurrency exchange Coinome has announced it will be halting operations as of May 15, ostensibly due to regulatory difficulties. Indian cryptocurrency exchange Coinome has announced it will be halting operations as of May 15, ostensibly due to regulatory difficulties. The development was announced in an official tweet from the exchange on May 9. As […]
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European Central Bank president Mario Draghi said that cryptocurrencies are not real currencies. European Central Bank (ECB) president Mario Draghi said that cryptocurrencies are not real currencies during the ECB Youth Dialogue meeting with the winners of the Generation €uro Students’ Award, as Cointelegraph Italia reported on May 9. During the meeting, Draghi answered a […]
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R3 and global IT firm Wipro have developed a blockchain solution prototype to enable a CBDC for interbank settlements in Thailand. Blockchain consortium R3 and global IT leader Wipro Limited have developed a blockchain solution prototype to enable digital currency for interbank settlements in Thailand, according to a press release from May 7. The release […]
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The Chief Fintech Officer of the Monetary Authority of Singapore delivered statements at the Blockchain in Business event at the Massachusetts Institute of Technology. Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore (MAS), said that blockchain has potential for cross-border payments but the agency “does not see much” in retail bank digital […]
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The Central Bank of Myanmar has received reports of several scams targeting consumers who lack understanding about crypto. The Central Bank of Myanmar has urged consumers to stop trading cryptocurrencies amid fears that inexperienced users could lose money, Southeast Asian news outlet The Irrawaddy reported on May 3. In a statement obtained by the website, the central […]
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