Fintech and blockchain developer Ant Financial, an affiliate of e-commerce giant Alibaba, has been ranked the fifth most valuable private firm in China. Fintech and blockchain developer Ant Financial, an affiliate of e-commerce giant Alibaba, has been ranked the fifth most valuable private firm in China. In an inaugural rankings report by Hurun, which is […]
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Christine Lagarde has pushed for the bank’s involvement in the development of a CBDC to address the demand for faster and cheaper cross-border payments. The president of the European Central Bank (ECB), Christine Lagarde, supports the bank’s active involvement in the development of a central bank digital currency (CBDC) to address the demand for faster […]
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IMF chief economist Gita Gopinath said she sees too many different complications blocking a digital currency from overtaking the U.S. dollar. Digital currencies have gained prominence over the last few years, although such options will not budge the U.S. dollar from its seat of prominence, according to chief economist International Monetary Fund (IMF) Gita Gopinath. […]
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If the U.S. keeps ignoring the blockchain tech space in terms of cooperation between public and private sectors, China might win this war. While Mark Zuckerberg was fighting with the United States Congress over Facebook’s Libra, China took another step forward in the global technology race. President Xi Jinping called on his country to “seize […]
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From Switzerland and Malta to North Korea and Iran: Overview of experimental crypto regulations around the globe. This is the final part of a three-part series covering the regulatory landscape for cryptos in 2019 and thinking about the prospects for 2020. The first two parts covered the “Insiders” of Europe, North America and the Pacific […]
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The International Monetary Fund has encouraged the Philippines’ central bank to explore the possibility of starting to collect data on cross-border flows of crypto assets. The International Monetary Fund (IMF) has encouraged the Philippines’ central bank to explore the possibility of starting to collect data on cross-border flows of crypto assets. The IMF made the […]
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What are the key advantages and disadvantages of CBDCs? In recent months, the race for the development of a central bank digital currency is gaining pace. The last signal was launched by Chinese President Xi Jinping, who publicly stated the need to invest public resources in blockchain, slated to be the core technology of the […]
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After examining SOV’s white paper, Cointelegraph reached out to the development team to find out if the cryptocurrency was inspired by EOS. It has been almost a year since the Republic of the Marshall Islands (RMI) unveiled the development of its national digital currency dubbed Sovereign (SOV). The cryptocurrency is set to tackle some issues […]
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Stablecoins have the potential to temper the systemic threats posed by USD domination of global foreign currency reserves, analysts have argued in a new piece for the WEF. Stablecoins have the potential to temper the systemic threats posed by the United States dollar’s domination of global foreign currency reserves, according to an opinion piece published […]
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“We’re way past the point where the bubble should have burst. It should have happened long ago. We’re in uncharted territory now.” Global debt has surpassed $250 trillion. That’s 320% of gross domestic product, announced the Institute of International Finance on Nov. 14. Emerging market debt also hit a record $71.4 trillion, 220% of GDP. […]
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