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Europe Central Bank Proposes ‘Unattractive’ Rates for Digital Currency

News The European Central Bank (ECB) remains open to the idea of a digital euro equivalent but would want to stop citizens holding too much of it. That was the conclusion of a fresh working paper on so-called central bank digital currencies (CBDCs) by Ulrich Bindseil, the bank’s Director General ..

South Korea Forms Task Force for Central Bank Digital Currency Research

News South Korea's central bank, the Bank of Korea (BOK), plans to organize a task force dedicated to central bank digital currency (CBDC) research in the new year. In its “Monetary Policy for 2020” brief, published on Dec. 27, BOK said it would continue to build on its existing research into..

China: Former Central Bank Exec to Reportedly Head New Tech Regulation Division

News China’s securities regulator is reportedly setting up a tech division that will be headed by the former chief of the central bank’s digital currency initiative. Yao Qian, a former director of the Digital Currency Research Institute at the People’s Bank of China (PBoC), will serve as director ..

Former PBoC Head: China’s Digital Yuan Will Favor Payments and Retail

News China’s digital currency approach will be favoring international payments and domestic retail system, a former senior official said. Zhou Xiaochuan, the president of the Chinese Finance Association and former governor of the People’s Bank of China (PBoC), outlined two types of implementations..

ECB Board Member: Global Stablecoins Pose Risks to a ‘Fragmented’ Europe

News European Central Bank (ECB) board member Benoit Coeure has warned that global stablecoins remain untested and raise potential risks across multiple policy domains. Coeure, a member of the ECB’s Executive Board, made his remarks at the Joint Conference of the ECB and National Bank of Belgium ..

Got Bitcoin? US Fed Warns National Debt Growth Is ‘Not Sustainable’

News The head of the United States Federal Reserve has admitted current economic policy is “not sustainable” — but that it is not its job to fix it. Speaking during testimony before Congress’ Joint Economic Committee on Nov. 13, Jerome Powell noted that currently, U.S. national debt is growing fas..

Tunisian Central Bank Denies Reports of an ‘E-Dinar’ Digital Currency

News The Central Bank of Tunisia (BCT) has denied reports stating that the bank is developing a central bank digital currency (CBDC). An official announcement from the BCT follows apparently false reports that Tunisia was the first country to start moving its national currency to a blockchain plat..

Central Bank Digital Currency Efforts Explode Ahead of China Crypto Launch

If you told someone on Wall Street or a central bank official ten years ago that there would be sovereign digital currencies, they likely would’ve laughed. But, these digital currencies are becoming reality. And quick.Central Banks Going All-In On Crypto? On Monday, CoinDesk reported that the Ban..

EU Reaffirms Potential Move to Block Facebook’s Cryptocurrency

News The European Union is doubling down on its commitment to block the launch of Facebook’s Libra should it deem the project to present “unmanageable or excessive risks.” A draft document to be discussed at a meeting of E.U. finance ministers this Friday states that “all options should be on the ..

Huawei Signs Deal With Digital Currency Research Unit of China’s Central Bank

News Multinational telecommunications and consumer electronics giant Huawei has signed a strategic cooperation agreement with China’s central bank, the People’s Bank of China (PBoC). According to a statement from Huawei’s WeChat channel on Nov. 4, PBoC deputy governor Fan Yifei attended the signin..

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