A former vice president of a top Chinese bank has argued that digital currency should replace fiat in the nation’s financial systems. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk […]
Currency
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Hailing digital currency’s potential to democratize electronic payments, financial services giant Visa appeared on Wednesday to redouble its efforts to “shape and support” cryptocurrency’s place in the “future of money.” Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides […]
https://cdn1.img.sputniknews.com/img/107919/31/1079193136_0:0:3073:1728_1200x675_80_0_0_baef435a6861e37b395bbfcba4f302a4.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/business/202007221079955307-iran-planning-to-lever-financial-assets-held-abroad-to-balance-own-currency-rate/ MOSCOW (Sputnik) – The Iranian government has unveiled plans to use foreign currency reserve assets abroad for balancing domestic exchange rates, which have experienced extreme volatility over the past week, President Hassan Rouhani said on Wednesday. “We are trying to use the currency […]
Japan’s largest banking firm, Mitsubishi UFJ Financial Group (MUFG), is set to issue a digital currency in the second half of this year. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. […]
The Bank of Japan is warming to digital currencies and now has a team dedicated to researching a possible digital yen. Source link
Thailand’s digital currency is backed by the central bank’s foreign currency reserves, which have grown by $25 billion over the past 12 months. Source link
The Bahamas is betting its mobile phone-based digital currency could be the key to faster post-disaster economic recovery. Source link
If there’s one thing we can thank the coronavirus pandemic for, it’s a math lesson. Watching an infection lead to two, then four, then eight, then 16, then 32, then 64, then 128 and so on, people found a real-world reason to comprehend the phenomenon of exponentiality. Without such context, […]
DiDi, the Chinese equivalent of Uber, is forming a task force to design and implement a trial of China’s central bank digital currency (CBDC) on its transportation platform. A spokesperson of the Chinese ride-hailing mobile service told CoinDesk in an email response that it has entered into a strategic partnership […]
Zimbabwe’s central bank, seeking to block attempts to avoid the country’s hyperinflation, halted all transactions conducted by “mobile money agents” this week, and limited payment sizes through other processors. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by […]
Sergey Medvedev, a Russian national who operated a digital currency escrow service for the $568 million payment card fraud forum he founded in 2010, pleaded guilty to racketeering charges in what the U.S. government called its largest ever cyber fraud case. Medvedev, 33, admitted in his June 26 plea before […]
Bitcoin’s often criticized for its volatile and unpredictable nature – now analysts are saying that, and more, about the pound sterling. In a shock-inducing note to clients on Tuesday, currency analysts at Bank of America (BoA) said sterling had devolved into an emerging market currency in all but name during […]
Sweden’s Riksbank has looked into the viability of central bank digital currencies (CBDCs) for its local market and declared mixed results. In a 96-page economic review, updated June 18, the world’s oldest central bank presents four models for supplying a digital version of the Swedish krona (e-krona) as well as […]
The currency markets are currently facing “multiple cross-currents” on rising global concerns over a potential second wave of Covid-19, said Deutsche Bank’s chief Asia macro strategist Sameer Goel. According to him, the “big question” for investors right now is whether the US dollar should be trading at a safe-haven risk […]
The Bank of Thailand is developing a prototype payments system which would rely on a central bank digital currency (CBDC). The central bank announced Thursday that it would target businesses, and would design a payment system that could be integrated with the procurement and financial management system of Siam Cement […]
South Korea’s central bank is moving ahead with research into digital currencies as it sets up a legal panel to advise on possible regulatory sticking points. Per an article in The Korea Times on Monday, the Bank of Korea (BOK) said the six-person panel, comprised of legal experts in the […]
https://cdn1.img.sputniknews.com/img/107957/23/1079572308_0:0:3072:1728_1200x675_80_0_0_5f3437adb258b5e04bcec6ff766dc1c6.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/middleeast/202006101079572291-lebanese-protest-local-currency-devaluation-in-beirut/ BEIRUT (Sputnik) – People gathered outside the Lebanese central bank’s building in Beirut on Tuesday to protest the high cost of the dollar, which has been driving the local currency’s exchange rate downward. Demonstrators blocked traffic on the central street as they called […]
As thousands continue protesting across the United States, the Keiser Report talks to the author of “Bitcoin & Black America,” Isaiah Jackson, about the economic, monetary and financial injustice at the heart of the unrest there. “Being self-sovereign is very important,” Jackson says. He gives the example of communities in […]
The Iranian government just made conduits to cryptocurrency markets riskier, and more confusing, than ever before. According to Iranian news outlet ArzDigital, the parliament published a proposal this week to include cryptocurrency in existing “currency smuggling” and foreign currency exchange regulations. The result of this prospective regulation is Iranian entrepreneurs […]
The Bank of Mauritius is inching closer to issuing a retail-focused central bank digital currency (CBDC), its governor confirmed Tuesday. Speaking at CoinDesk’s Consensus: Distributed virtual conference, Governor Harvesh Seegolam said the Republic of Mauritius would be embarking on a pilot in the near future, though he declined to share […]
CipherTrace, a blockchain analytics partner of governments and cryptocurrency exchanges, is pitching itself to a fresh clientele: central banks. The crypto investigations firm announced Tuesday that it is establishing a central bank digital currency (CBDC) initiative. As described by chief financial analyst John Jefferies, the outreach effort will seek to […]
Italian Town Prints Own ‘Currency’ To Help Locals And Businesses By Alessio Dellanna, Euro News. May 12, 2020 Italian Town Prints Own ‘Currency’ To Help Locals And Businesses2020-05-122020-05-12https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/05/money-e1589297828464.jpg200px200px Above photo: Ducati banknotes are checked after being printed in Campobasso, southern Italy. April 26, 2020. AP. Castellino del Biferno is a small […]