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2 mins read
No crypto ban in India — SEBI will reportedly be pulled in to regulate the sector
The Indian government is not looking to ban cryptocurrencies, but to regulate them as ‘assets’. All…
1 min read
Bank of America's COO shared his outlook for the future of the digital-asset space in a recent address. Here are the 7 best quotes.
Tom Montag has been at the helm of BofA's massive investment banking unit. He announced his retirem…
Isabelle Lee
2 mins read
Central bank digital currencies could save global corporations $100 billion per year, JPMorgan says
The 35-page report looked into a CBDC network that operates 24/7 and focused on Southeast Asia, whi…
Isabelle Lee
2 mins read
Roughly half the world's central banks are 'at some stage' of exploring their own digital currencies, IMF says
Around half the world's central banks are at "some stage" of looking into creating their own digita…
Camomile Shumba
2 mins read
The Fed may release its long-awaited paper on central bank digital currencies as early as next week, report says
Jerome Powell has said CBDCs would negate the need for stablecoins, but other observers say a digit…
Isabelle Lee
6 mins read
Crypto FAQs answered — everything you need to know about crypto regulations, trading, taxes and CBDC in India
So far, the legality of cryptocurrencies in India have been more or less grey. The country act…
2 mins read
Visa is looking to roll out a universal payment channel that could manage transfers of stablecoins, or central bank digital currencies
Visa said on Thursday it was looking into creating what it called a universal payment channel (UPC)…
Camomile Shumba
1 min read
PayPal and Visa are among the companies that will help the Bank of England work on a UK digital currency
Two forums will help the BoE and the UK Treasury department understand the technological and practi…
Carla Mozée
1 min read
Central bank digital currencies could slash costs for cross-border payments and speed transactions to seconds, BIS says
A prototype of a CBDC platform showed the time for cross-border payments taking as little as 2 seco…
Carla Mozée
3 mins read
Nigeria joins China, Brazil and others in the race to launch its own central bank digital currency
The cryptocurrency world is undergoing a period of rapid progression as governments and compan…
3 mins read
Japan is increasing vigilance on crypto — to hire more employees and explore CBDC
The island nation was the first country in the world to put a law in place that defined ‘crypto …
2 mins read
Central banks must 'roll up their sleeves' and urgently speed up their work on their own digital currencies before crypto upends the current financial system, the BIS says
The Bank for International Settlements is urging central banks to crank up their efforts in develop…
Camomile Shumba
1 min read
Trading bitcoin is like trading stamps and the cryptocurrency may 'collapse,' Sweden's central bank governor says
BoE governor Andrew Bailey has has echoed the sentiment on crypto: "Buy them only if you're prepare…
Ethan Wu
2 mins read
Australia, Malaysia, Singapore and South Africa will trial cross-border central bank digital payments
Australia, Malaysia, Singapore and South Africa have decided to jointly test multiple CBDC's that f…
Camomile Shumba
2 mins read
Bank of England official says Britcoin CBDC launch is 'probable'
Cunliffe clarified the BoE will continue to make physical cash available, especially for the 1.2 mi…
Isabelle Lee
2 mins read
China is years ahead of other major countries in the development of its digital yuan, giving Beijing the chance to expand its influence: Chainalysis
China is several years ahead of other major economies in its efforts to develop a central bank digi…
Camomile Shumba
2 mins read
Fed Governor Waller is 'highly skeptical' that the Fed needs to create a central bank digital currency
Waller doesn't see how a Fed CBDC would solve any major problems in the US payment system such as s…
Carla Mozée
6 mins read
The number of countries exploring CBDCs more than doubled during the pandemic year
These 81 counties represent over 90% of the world’s gross domestic product (GDP). The pandemic…
1 min read
India is considering a phased roll-out of a central bank digital currency
Deputy Governor T. Rabi Sankar said politicians are eyeing a CBDC to protect citizens from the vola…
Isabelle Lee
2 mins read
Fed Chair Jerome Powell says cryptocurrencies and stablecoins won't be needed once the US has a digital currency
"You wouldn't need stablecoins, you wouldn't need cryptocurrencies, if you had a digital US currenc…