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2 mins read
Bitcoin is getting closer to posing a risk to financial stability, the Bank of England's deputy governor warns
Because cryptos are growing very fast, they are becoming more integrated with the financial system,…
Camomile Shumba
2 mins read
Visa is testing a platform that will support central bank digital currencies in partnership with blockchain firm ConsenSys
Payment rival Mastercard already launched a similar CBDC testing platform in December 2020, also in…
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
A US congressman has proposed a bill to limit the Fed's ability to issue its own digital currency
Rep. Tom Emmer said the Fed should not have central authority over the retail accounts of Americans…
Isabelle Lee
1 min read
Private cryptocurrencies and a US central bank coin would be able to coexist, Fed chief Jerome Powell says
The comments were be a shift in tone from July, when the Fed chair said he saw no need for cryptos …
Isabelle Lee
2 mins read
China is pressing US companies like McDonalds and Visa to accept its e-yuan at the Winter Olympics: report
China is pressuring US companies to accept payments in digital yuan at the Winter Olympics, accordi…
Camomile Shumba
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 …
1 min read
E-commerce giant JD.com accepts China's digital currency for world's biggest shopping event
According to JD, over 100,000 customers have paid using China's digital currency on the JD shopping…
Phil Rosen
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
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
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
3 mins read
A fully digital US dollar would be a better online currency than crypto, new Fed report suggests
A Fed-backed digital dollar would allow for fast and secure transfers without a third party or the …
Ben Winck
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
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 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…
Isabelle Lee
1 min read
Wyoming is the first US state to approve a DAO, consolidating its crypto-friendly reputation
Wyoming has legalized a decentralized autonomous organisation (DAO) with effect from July 1, markin…
Camomile Shumba
3 mins read
Emerging markets could be the next big frontier for crypto. A slew of politicians want to follow El Salvador and adopt bitcoin as legal tender.
Emerging markets could be the next big crypto frontier as central banks create digital currencies a…