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Bank of Thailand Is Open to Discuss Libra, Concerned Over Security

News Bank of Thailand governor Veerathai Santiprabhob said that the institution is open to discussing Facebook’s Libra stablecoin with the company, local media Xinhuanet reported on July 19. Per the report, Santiprabhob made his remarks at the Bangkok FinTech Fair on July 19, pointing out that Fac..

European Central Bank Policymaker Says Stablecoins Not Cause for Alarm

News A European Central Bank (ECB) official has stated that users should be aware of the risks associated with the stablecoins use, but not to be alarmed. As Reuters reported on July 18, member of the ECB’s governing council and president of the Deutsche Bundesbank, Jens Weidmann said that stablec..

Bundesbank Head Says Don’t Suppress ‘Innovative Concepts’ Like Libra

News The head of Germany's central bank Jens Weidmann spoke in favor of Facebook’s Libra during a recent G7 event. Bundesbank head warns against suppressing innovationWeidmann, Bundesbank President and the Governing Council member of the European Central Bank, argued that global regulators sh..

Bank of English Governor on Libra as a Solution to Financial Problems

News Bank of England governor Mark Carney said that people need to acknowledge the issues Facebook is attempting to solve with Libra, regardless of the project’s potential downsides. Carney delivered his remarks at the Financial Stability Report press conference as seen on the Bank of England’s Yo..

Iran Plans to Allow Crypto Mining, Central Bank of Iran Governor Says

News Iranian authorities are planning to authorize cryptocurrency mining, as the governor of the Central Bank of Iran (CBI) declared, news agency PressTV reported on July 10. CBI governor Abdol Hemmati reportedly claimed that the Iranian government has approved some parts of an executive law that ..

German Central Bank: Cryptos Are Not a Threat to Financial Stability

News Central Bank of Germany representative Burkhard Balz said that cryptocurrencies do not pose a threat to financial stability during a talk at the European Parliament reported a post published on the institution’s website on July 9. Burkhard Balz, Member of the Executive Board of the Deutsche B..

CBDCs Hold No Interest Without Full Anonymity: Banxico Deputy Governor

News Central bank digital currencies (CBDC) will not hold much interest for the general public unless they provide full anonymity, the deputy governor of Mexico's central bank has argued. The executive’s remarks were published by the Bank for International Settlements on July 11. Javier Calaf..

Turkey Puts Central Bank Digital Currency on New Economic Roadmap

News The government of Turkey has included a central bank-issued digital currency in its 2019–2023 economic roadmap published on July 9. As per the 11th Development Plan from the Presidency of the Turkish Republic, “Blockchain-based digital central bank money will be implemented.” In addition to a..

‘PayPal is F*cked’: BitMEX CEO Says Facebook Libra Will Make Banks ‘Dumb Nodes’

News Facebook’s Libra payment protocol could make central and commercial banks irrelevant, but PayPal has no future anyway, the CEO of derivatives giant BitMEX thinks. Arthur Hayes made the comments in a new interview with Taiwanese news network BlockTempo TV on July 9. Speaking during this year’s..

4 Big Reasons Bitcoin’s Price Will Probably Not Stop at $20K This Time

Bitcoin blasted through $10K in recent days, but unlike in 2017, the rally is being driven by institutional investors and central banks

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