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Japanese Ex-Central Banker: Libra Spurred Us to Take CBDCs Seriously

News The former head of payments and settlements at the Bank of Japan (BOJ) says Facebook’s Libra galvanized central banks globally to look seriously into digital currency issuance. A Jan. 22 Reuters report cited remarks by Hiromi Yamaoka, who reportedly oversaw the BOJ’s research into digital cur..

Six Major Central Banks to Collaborate on Digital Currency Research

News The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland created a group with the Bank for International Settlements (BIS) to jointly research central bank digital currencies (CBDC). According to a press release published by the Bank of England on Jan. 21..

Binance P2P Crypto Trading Platform Supports Vietnam’s Fiat Currency

News Major cryptocurrency exchange Binance has launched peer-to-peer (P2P) trading for the Vietnamese dong (VND). Vietnam-based Binance users can now directly purchase and sell major cryptocurrencies using VND through the latest versions of the Binance P2P mobile app on iOS and Android. The four s..

The Problems with Fiat Currency & How It’s About to Go Digital

Even many of cryptocurrency’s harshest critics acknowledge that there are serious problems with fiat currencies. Strangely, enough the most outspoken critic of government-issued currencies; former International Monetary Fund (IMF) Chief Economist Kenneth S. Rogoff, is also a foe of cryptocurrency. ..

Blockchain.com Launches Pound Sterling Payments Gateway for Brexit-Bound Brits

News United Kingdom-based cryptocurrency data and wallet provider Blockchain.com has added a British pound gateway to its crypto exchange, The Pit. On Dec. 19, Xen Baynham-Herd — executive vice president of product at Blockchain — told Cointelegraph that with Brexit on the horizon, the exchange ha..

British Virgin Islands Announce US Dollar-Backed Digital Currency

News Blockchain startup LifeLabs announced that it is developing a digital currency dubbed BVI~LIFE in partnership with the British Virgin Islands (BVI). According to a press release on Dec. 3, the currency is part of a broader initiative to grow the local fintech sector and will be presented duri..

ICE Officially Confirms Dec. 9 Launch of Cash-Settled Bitcoin Futures

News The Intercontinental Exchange (ICE)’s Bakkt platform has officially confirmed its forthcoming launch of a cash-settled Bitcoin (BTC) futures contract. In a news release published Nov. 22, ICE — the operator of 23 leading global exchanges, including the New York Stock Exchange — revealed that ..

McAfee Champions Importance of Stablecoins for Decentralized Exchanges

News American entrepreneur and staunch crypto advocate, John McAfee, has argued for the importance of stablecoins for decentralized exchange (DEX) adoption. McAfee made his argument in a tweet posted on Oct. 20. Stablecoins as an interim solutionMcAfee’s video begins by tackling the main obstacle ..

Argentina’s Central Bank to Increase Peso Supply by 5% in 2 Months

News The Committee of Monetary Policy (COPOM) of Argentina’s Central Bank (BCRA) announced the intention to increase the monetary base by 2.5% per month for the next two months on Sept. 18. “To ensure monetary and financial stability”Per the announcement, the move is meant to ensure monetary and f..

Rapper Akon Says Bitcoin Better Than ‘Military-Backed’ US Dollar

News Grammy award-winning music artist Akon has rebuffed Bitcoin (BTC) naysayers who claim that the asset lacks intrinsic value. In a radio interview published on Sept. 10, Akon lambasted the perception that fiat currencies are any less vulnerable to this same critique, arguing that: “Nothing back..

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