Category: CBDCs

Bitcoin is ‘highly speculative’ and needs to be regulated, says ECB’s Lagarde 

Bitcoin is ‘highly speculative’ and needs to be regulated, says ECB’s Lagarde 

European Central Bank President Christine Lagarde has said that bitcoin is “highly speculative” and needs to be regulated. Speaking at the Reuters Next conference on Wednesday, Lagarde said bitcoin has conducted “some funny business and some interesting and totally reprehensible money laundering activity.” “And there has to be regulations and this has to be applied […]

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The EURST Stablecoin Set the Path That Major Central Banks Now Want to Follow

The EURST Stablecoin Set the Path That Major Central Banks Now Want to Follow

From Asia to Europe, major central banks all around the world are expected to announce their own digital currencies soon. This is vindication that stablecoins like EURST are on the right path forward, and they can serve to show how national economies should reinvent themselves following the current crisis. Why Everyone Wants a CBDC Now […]

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Fiat Freeway: GMO’s JPY-pegged Stablecoin Rises in the Big Apple and Fed Researchers Weigh-in on Digital Asset Tokens vs. Accounts

Fiat Freeway: GMO’s JPY-pegged Stablecoin Rises in the Big Apple and Fed Researchers Weigh-in on Digital Asset Tokens vs. Accounts

Quick Take ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins.  This week’s column first examines GMO-Z.com Trust Company Inc.’s trust charter approval from the New York State Department of Financial Services (NYDFS).  We conclude with a review of a recent FEDS Note on the tokens […]

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The Great Reset Agenda: ‘Bitcoin Is a Decentralized and Rational Strategy to Opt-Out’

The Great Reset Agenda: ‘Bitcoin Is a Decentralized and Rational Strategy to Opt-Out’

Every single day the conversation about the Great Reset continues to amplify. More recently, mainstream media publications have been publishing rebuttals in response to the many skeptics of this agenda who believe the reboot propaganda is meant to install a new world order. The American broadcaster Max Keiser is telling a few countries to get […]

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Spotify wants to hire an associate director to lead payments team involved with internal crypto efforts

Spotify wants to hire an associate director to lead payments team involved with internal crypto efforts

Spotify is hiring an associate director to lead a payments strategy team involved in Spotify’s cryptocurrency and digital asset efforts, according to a new public posting on the streaming service’s website.  The associate director “will play a key part in defining and implementing Spotify’s payments strategy as well as leading Spotify’s activity within the Libra […]

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Deutsche Bank says central bank digital currencies will replace cash in the long run

Deutsche Bank says central bank digital currencies will replace cash in the long run

Central bank digital currencies (CBDCs) will replace cash in the long term, according to Deutsche Bank’s research team. In its latest edition of the “Konzept” periodical, published Tuesday, the bank said the coronavirus pandemic has accelerated the use of digital payments over cash, and the trend will eventually lead to CBDCs taking over cash. However, […]

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Russia could pilot a digital ruble by the end of 2021, its central bank governor says

Russia could pilot a digital ruble by the end of 2021, its central bank governor says

Elvira Nabiullina, governor of the Russian central bank, has said that a digital currency pilot project could be launched by the end of 2021. As reported by Russian news agency TASS, Nabiullina said during an online press conference on Friday that the central bank is currently collecting public feedback on whether to issue a digital […]

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Bank of Japan won’t launch digital currency unless there is public support, says official

Bank of Japan won’t launch digital currency unless there is public support, says official

A top official of the Bank of Japan has said that the central bank won’t launch digital currency unless there is public support for it. Kazushige Kamiyama, head of the Bank of Japan’s payment system department and the person in charge of digital yen research, told Bloomberg on Friday that the central bank has made […]

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EY-led consortium bids to work on Korea’s central bank digital currency pilot project

EY-led consortium bids to work on Korea’s central bank digital currency pilot project

A consortium led by EY Hanyoung, the “Big Four” consulting giant’s South Korean subsidiary, has reportedly bid for the country’s central bank digital currency (CBDC) pilot project. EY Hanyoung, along with Samsung SDS and Japanese tech giant LINE (owned by South Korea’s Naver Corporation), looks to work on the technical design of the CBDC project, […]

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LINE is in talks with Asian central banks to work on digital currency projects

LINE is in talks with Asian central banks to work on digital currency projects

Japanese messaging giant LINE is in discussions with Asian central banks regarding possibly working on digital currency projects, a spokesperson of the company told The Block. “Our aim is to provide a blockchain platform that is fit for CBDC [central bank digital currency] based on LINE Blockchain,” said the spokesperson. LINE launched its blockchain platform […]

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