Bitcoin News / Bitcoinist - 10 months ago
In South Korea, numerous private banks are actively researching tokenized deposit technology as a viable alternative to both private stablecoins and central bank digital currencies (CBDCs). Top banks in the region have shown considerable interest in...
Bitcoin News / Bitcoinist - 10 months ago
The G20 nations have witnessed a significant development in global regulation for cryptocurrencies. On Monday, the Financial Stability Board, an international body supported by the Bank for International Settlements and consisting of representatives...
Bitcoin News / Google News Bitcoin - 10 months ago
Bank of England Governor Blasts Bitcoin (BTC) and Stablecoins, Touts Other Forms of Digital Money& & The Daily Hodl
Bitcoin News / Bitcoin.com - 10 months ago
The top stablecoins have continued to see redemptions over the past 30 days as the dollar-pegged crypto economy currently hovers at $127.32 billion on July 12. The stablecoin BUSD’s supply has dropped below the 4 billion mark as the token ...
Cryptocoins News / Blockchain - 10 months ago
The Reserve Bank of India (RBI) is planning to increase the number of Central Bank Digital Currency (CBDC) transactions to one million per day by the end of 2023, according to Deputy Governor T Rabi Sankar. (Read More)
Cryptocoins News / Finance Magnates - 10 months ago
Stablecoins, a sort of cryptocurrency meant to maintain a stable value, have received a lot of interest because of its potential to revolutionize financial institutions all around the world. Stablecoins offer a possible alternative in places where tr...
Bitcoin News / Google News Bitcoin - 10 months ago
Bitcoin Dethroned? Circle CEO Says Stablecoins Will Fast-Track Yuan Globalization Efforts& & Benzinga
Cryptocoins News / Blockchain - 10 months ago
According to SCMP, despite the stringent ban on cryptocurrencies in mainland China, Jeremy Allaire, the co-founder and CEO of Circle, a leading operator of the USDC stablecoin, foresees a significant role for yuan-backed stablecoins in the global cry...
Bitcoin News / Bitcoinist - 10 months ago
In a recent speech, Bank of England (BOE) Governor, Andrew Bailey, expressed his preference for ‘enhanced digital money’ over crypto and stablecoins. The central bank governor highlighted the importance of the singleness of money and sett...
by COINS NEWS - 10 months ago
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Cryptocoins News / The Cointelegraph - 10 months ago
A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money. Andrew Bailey, a B...
by COINS NEWS - 10 months ago
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by COINS NEWS - 10 months ago
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Cryptocoins News / Finance Magnates - 10 months ago
A bill that aims to regulate cryptocurrencies and stablecoins in the UK has been approved by King Charles III. Dubbed the Financial Services and Markets Act 2023, the new law classifies the trading of cryptocurrencies as a regulated activity and brin...
Cryptocoins News / CoinStats - 10 months ago
While cryptocurrencies have a viable monetary role as a medium of exchange, they are inherently too volatile to be used as a unit of account or a store of value. The unreliable nature of popular cryptocurrencies like bitcoin is the reason why crypto...
Bitcoin News / Bitcoinist - 10 months ago
Stablecoins, the digital assets designed to maintain a stable value by pegging them to traditional currencies, have come under scrutiny once again. Italy’s prominent banking authority has raised concerns about the instability of these supposed...
Cryptocoins News / The Cointelegraph - 10 months ago
The Reserve Bank of India listed six specific ways a stablecoin can undermine emerging markets, adding to its mounting case against crypto. Stablecoins have a lot of...
by COINS NEWS - 11 months ago
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Cryptocoins News / Finance Magnates - 11 months ago
The world of cryptocurrencies has seen a substantial increase in popularity and adoption in recent years. As this digital ecosystem grows, one sort of cryptocurrency has emerged as a significant participant in providing stability in the unpredictable...
Bitcoin News / Bitcoinist - 11 months ago
One of Japan’s most prominent banks, Mitsubishi UFJ Financial Group (MUFG), has announced its intention to issue global stablecoins linked to various foreign currencies, notably the United States dollar. To accomplish this, the financial powerh...
Bitcoin News / Bitcoinist - 11 months ago
As crypto prices, spearheaded by Bitcoin and Ethereum, recover and rise to multi-week highs, breaking above critical liquidation levels, on-chain data shows that more stablecoins like USDT and USDC flow to centralized cryptocurrency exchanges. As of...
Cryptocoins News / CoinJournal - 11 months ago
Powell testified before the House Financial Services Committee today. He discussed a range of topics around digital assets on Wednesday. Bitcoin surpassed the $30,000 level today for the first in two months. Cryptocurrencies seem to have some &ldqu...
Cryptocoins News / EthereumWorldNews - 11 months ago
The Monetary Authority of Singapore has published a whitepaper in collaboration with other central banks and financial institutions.& The central bank proposed standards for the use of digital money, including Central Bank Digital Currencies (CB...
by COINS NEWS - 11 months ago
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by COINS NEWS - 11 months ago
Fed Chair Jerome Powell just gave a speech where he talked about more rate hikes and inflation. Powell also spoke about the broader crypto industry in his speech. He said that the Fed is "closely monitoring" the development of cryptocurren...
