A new report from the BIS has found that 70 percent of central banks are conducting research into central bank digital currencies. A new report published on Jan. 8 by the Bank for International Settlements (BIS) has found that seventy percent of central banks worldwide are conducting research into central bank digital currency (CBDC) issuance. […]
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The head of Israel’s National Economic Council has denounced Bitcoin as “intrinsically inefficient,” predicting it will disappear. Israel’s economics “tsar” Avi Simhon has denounced Bitcoin (BTC) as intrinsically inefficient, predicting that the cryptocurrency will therefore disappear. A Cointelegraph correspondent reported that Simhon — the head of the National Economic Council and senior economic policy advisor […]
Continue ReadingMIT Technology Review has argued that 2019 will be the year of hype-less, mainstream implementation of blockchain technology. MIT Technology Review has published an article today, Jan. 2, arguing that 2019 is the year in which blockchain will become mundane. The Review is a magazine that is independent but wholly-owned by the United States Massachusetts […]
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Cryptocurrencies are “Ponzi schemes,” while blockchain is “important,” says former Israeli prime minister. Ehud Barak, a former Israeli Prime Minister, has compared digital currencies to Ponzi schemes, Israeli media agency Arutz Sheva reported on Dec. 3. Barak had participated in the Camp David Accords in 2000 as part of an attempt to solve the Israeli-Palestinian […]
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The Bank of Thailand’s governor says that developing countries will take some time to switch to using digital currency. The governor of the Bank of Thailand (BoT) has said that it will take three to five years for countries to switch from using cash to using digital currencies. The bank governor’s comments were reported by […]
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The head of the IMF suggests looking into central bank issued digital currencies, while a Swiss stablecoin gets Sharia certified. Coming every Sunday, the Hodler’s Digest will help you to 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 […]
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CBDCs can improve counterparty credit risk for cross-border interbank payments and settlements, according to the central banks of Canada, U.K. and Singapore. Central bank digital currencies (CDBCs) can help improve counterparty credit risk for cross-border interbank payments and settlements, according to a new in-depth report jointly published by the central banks of Canada, the U.K. […]
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Executive Board member of the European Central Bank, Benoit Coeure, considers Bitcoin to be the “evil spawn of the [2008] financial crisis.” Executive Board member of the European Central Bank (ECB) Benoit Coeure considers Bitcoin (BTC) to be the “evil spawn of the [2008] financial crisis,” Bloomberg reports Nov. 15. Coeure reportedly made his acid […]
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The CTO of IBM Blockchain for Financial Services has said that CBDCs can help mitigate the risks that contributed to the 2008 financial crash. Stanley Yong, global lead for central bank digital currency (CBDC) solutions at IBM, has said that CBDCs can help to mitigate the risks that contributed to the 2008 financial crash. Yong […]
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IMF head Christine Lagarde says relevant actors “should consider the possibility to issue digital currency.” The head of the International Monetary Fund (IMF) has said the international community should “consider” endorsing central bank issued digital currencies (CBDCs) in a speech at the Singapore Fintech Festival Nov. 14. IMF managing director Christine Lagarde said that despite […]
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