Category: central bank digital currencies

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

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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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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Ukraine Chooses Stellar Foundation to Develop Its CBDC, Regulatory Infrastructure for Stablecoins

Ukraine Chooses Stellar Foundation to Develop Its CBDC, Regulatory Infrastructure for Stablecoins

The Ministry of Digital Transformation of Ukraine has picked the Stellar Development Foundation (SDF) to develop its central bank digital currency project (CBDC). Ukraine Picks Stellar Foundation to Develop Its Central Bank Digital Currency and National Virtual Asset Strategy According to the official announcement, both parties signed a “Memorandum of Understanding” to deploy Ukraine’s crypto […]

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IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves

IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves

The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings. In a recent study, the global lender points to the changing geopolitical landscape, technological advances and the impact of the Covid-19 pandemic as events likely to influence the composition of reserves. Advances in Financial Technologies In addition to the […]

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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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Fiat Freeway: China’s DCEP Progress in H2 2020

Fiat Freeway: China’s DCEP Progress in H2 2020

Quick Take ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins.  This week’s column examines China’s Digital Currency Electronic Payment (DC/EP) progress in H2 2020.  This research piece is available to members of The Block Genesis. You can continue reading this Genesis research on The Block.

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Fiat Freeway: Norges Bank studies CBDC’s effect on ‘Safe Asset’ Funding

Fiat Freeway: Norges Bank studies CBDC’s effect on ‘Safe Asset’ Funding

Quick Take ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and Stablecoins.  Pieces thus far have focused on the ECB’s ‘digital euro’ initiative and the Fed’s classification of CBDC literature to date.  This week’s column starts with an overview of Norges Bank’s third CBDC report, which considers […]

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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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Recently authorized patents shed light on the surveillance capabilities of China’s digital currency

Recently authorized patents shed light on the surveillance capabilities of China’s digital currency

Quick Take The People’s Bank of China recently received authorizations for 15 out of 65 submitted patent applications for DC/EP. The authorized patents shed light on tracking capabilities and touch on “controllable anonymity” features of the system. The authorizations come as China ramps up real-world testing of the digital currency. This feature story is available […]

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R3’s public Corda Network gets its first token ‘XDC’ for DeFi and CBDC projects

R3’s public Corda Network gets its first token ‘XDC’ for DeFi and CBDC projects

Cordite Society, a co-operative society registered in the U.K., has launched “XDC” — the first token built on R3’s public Corda Network. XDC is designed to meet requirements of decentralized finance (DeFi) projects, as well as stablecoins and central bank digital currencies (CBDCs), Cordite Society said in a release shared with The Block on Tuesday. […]

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