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Canada Won’t Launch CBDC Unless Facebook’s Libra Succeeds

Canada’s central bank is reportedly laying the foundation for possible issuance of a central bank digital currency (CBDC) while maintaining that the present situation of things does not call for the country to develop a sovereign virtual currency. Meanwhile, more than a dozen other nations are repo..

Bank of Japan Official Calls for Deeper Understanding of Digital Currencies

News Central banks should develop a deeper understanding of the consequences of issuing a digital currency, according to a Bank of Japan official. According to Reuters on Feb. 27, Bank of Japan Deputy Governor Masayoshi Amamiya explained that central bank digital currencies (CBDCs) could streamlin..

China’s Digital Yuan Research Delayed Amid Coronavirus Epidemic

News Research on a central bank digital currency (CBDC) in China has been delayed as the coronavirus epidemic continues. Global Times reported on Feb. 25 that the epidemic’s impact on staff has resulted in significant setbacks. A source familiar with the matter reportedly said: “The coronavirus ou..

Ukraine’s Central Bank: E-Hryvnia Threatens Landscape of Banking System

News Despite considerable testing and research, the prospect of a central bank digital currency (CBDC) still raises significant concerns for bankers in Ukraine. At a Feb. 21 conference in Kyiv, the National Bank of Ukraine (NBU) presented the results of testing its CBDC project, the e-hryvnia, no..

Bank of England Official: Central Banks May Lose Payments Race to Tech Companies

News Bank of England (BoE) chief cashier Sarah John has expressed opinions favoring state-issued digital currencies, according to a Feb. 22 article published by The Telegraph. She urged other central banks to consider developing central bank cryptocurrencies in response to recent moves from privat..

Brazilian Central Bank Promises Instant Payment Platform to Compete With Crypto

News The Central Bank of Brazil (BCB) has announced a plan to launch a new near-instant payment system during November. The platform, called the Brazilian Instant Payment Scheme (PIX), will facilitate peer-to-peer and business-to-business transactions in 10 seconds or less via mobile phone, intern..

Israeli Banks Should Not Deny Services to Crypto Firms: Attorney General

News Israeli banks should not deny services to firms involved with cryptocurrencies, according to Israel's attorney general Avichai Mandelblit. Instead of halting financial services for all crypto firms, banks should closely examine each case for indicators of money laundering risks or other ..

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