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IOTA will be able to host CBDCs, DeFi and decentralized exchanges, says Dom Schiener

January 18, 2021 , , , Eddy 0

According to IOTA co-founder Dominik Schiener, the IOTA Smart Contract Protocol can provide the technical foundation for a central bank digital currency (CBDC) IOTA smart contracts will provide “the most flexible developer environment” to host DeFi and decentralized exchanges. IOTA co-founder Dominik Schiener once again took the time to answer some questions from the community […]

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Central Bank Digital Currencies [CBDC] Are Inevitable Believes Stephen Harper, Former Canadian PM

January 18, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

During a recent interview, former prime minister of Canada Stephen Harper said that he believes Central Bank Digital Currencies [CBDC] are inevitable and he sees Bitcoin as an alternative reserve currency to the US Dollar. Harper’s comment came during an interview at the 2021 Vancouver Resource Investment Conference with Jay Martin of investment firm Cambridge […]

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China’s Blockchain Attempt BSN to Reportedly Integrate CBDCs This Year

January 17, 2021 , , , , , Eddy 0

China is preparing a consequent major take on blockchain adoption. The country is developing a new project aimed at integrating international central bank digital currencies (CBDC) as a part of their recent blockchain endeavor, the BSN. Building a Universal Digital Payment Network as part of 2021 Outlook The country’s national blockchain project, Blockchain Service Network […]

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IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies

IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies

January 17, 2021 , , , , , , , , , , , Eddy 0

Researchers at the International Monetary Fund (IMF) have examined the central bank laws of 174 IMF members to answer the question of whether a digital currency is really money. They found that of all the central banks studied, only about 23%, or 40 central banks, “are legally allowed to issue digital currencies.” IMF Explores if […]

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Crypto Twitter: IMF’s Twitter Poll On Digital Currency Goes Viral, What’s so Special?

January 15, 2021 , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

An interesting twitter poll titled, “Are Digital Currencies Real Money” regarding digital currencies posted by International Monetary Fund [IMF] has already received 75K votes and counting. Surprisingly, more than 80% of all the voters till now agree to this notion and believe Digital Currencies are actual Money. Are digital currencies really money? #poll — IMF […]

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Jerome Powell says the Fed’s work on stablecoin risks is a ‘very high priority’

Jerome Powell says the Fed’s work on stablecoin risks is a ‘very high priority’

January 14, 2021 , , , , Eddy 0

Federal Reserve chairman Jerome Powell described the central bank’s work on stablecoins as a “very high priority” during a webinar on Thursday.  “Clearly there’s a need for, and we’ve been very focused as you know, on better regulatory answers for potential global stablecoins, in particular,” Powell said during a segment that focused in part on central […]

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ECB: Digital euro survey participants cite privacy, security as key elements

ECB: Digital euro survey participants cite privacy, security as key elements

January 13, 2021 , , , , , Eddy 0

The European Central Bank said that its public consultation on a proposed digital euro generated more than 8,000 responses.  The online consultation began on October 12 and concluded on Tuesday, according to a statement published today. Full analyses of the findings will be published in spring, prior to when the ECB Governing Council will decide […]

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