China’s latest bond issuance on the ledger is a sign of trust placed into the blockchain technology, but not everything may be rosy. The Bank of China has recently issued 20 billion Chinese yuan ($2.8 billion) of special bonds, which it has sold in order to fund small and micro-enterprise businesses, according to the China Development […]
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Head of the digital currency research institute at China’s central bank Mu Changchun said that the digital form of the yuan will be different from Bitcoin and stablecoins. The People’s Bank of China’s (PBoC) deputy director Mu Changchun said that the digital form of the yuan will be different to Bitcoin (BTC) and stablecoins. Chinese […]
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The Deutsche Bank Imagine 2030 report highlights centralized tokens as the driver for fiat’s demise. A recently unveiled Deutsche Bank “Imagine 2030” report boldly puts a date on the eventual fiat–crypto “social consensus flip,” citing the Asian continent and, in particular, China, to have already recognized the trend. If true, then what every cryptocurrency speculator […]
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Commenting on cryptocurrency policy, a Federal Reserve governor highlighted a single study claiming thata only half of Bitcoin payments are above board. A member of the United States Federal Reserve’s board of governors appears to believe that one in four people who use Bitcoin (BTC) are criminals. In a panel speech honoring Benoît Coeuré, a […]
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Russian authorities are poised to introduce several prohibitive measures, yet feasibility and enforcement mechanisms raise questions. At the end of November, news surfaced that Russian cryptocurrency users, who have been operating in a regulatory gray zone, could soon be at risk as the nation’s financial authorities reportedly join forces to outlaw the use of digital assets […]
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Recent research from the European Central Bank showed that it is possible to develop a central bank digital currency payment system that protects user privacy. Recent research by the European Central Bank (ECB) claims that it is possible to develop a central bank digital currency (CBDC) payment system that protects user privacy. Per the report […]
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Two Russian citizens are being prosecuted for allegedly targeting computers at state organizations to illicitly mine cryptocurrency. Two Russian citizens are being prosecuted for allegedly targeting computers at state organizations to illicitly mine cryptocurrency. The two unnamed individuals purportedly infected the hardware with a program that mines cryptocurrency via a web browser, local media agency […]
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Global banking regulator the Basel Committee on Banking Supervision calls for a conservative framework for crypto assets. Global banking regulator Basel Committee on Banking Supervision (BCBS) calls for a conservative prudential treatment framework for crypto assets. The Basel Committee — which includes banking regulators from the United States, Europe and Japan — published its report […]
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The world is inevitably becoming more and more digital, and Facebook’s digital currency dubbed Libra is a step toward this future. Since Facebook’s digital currency project, Libra, was announced in June, there has been a growing chorus of central bankers and policy makers pushing back against its ambitions. Germany’s Vice Chancellor Olaf Scholz and France’s […]
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A statement confirms the Fed will ease the strain on banks over the new year period by creating more than three times Bitcoin’s market cap in new money. The United States central bank will inject at least $425 billion of nonexistent money into the economy by the middle of next month. In a statement released […]
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