The Euro Zone is set to experience another face of central bank-issued digital currency, following a recent announcement about the Lithuania digital token. The Baltic country is looking to secure its financial spot from the likes of Facebook, by proposing a digital coin which will be issued starting from next week. Euro Zone to see […]
The world is moving towards digitization in almost every field. Banking and finance are no exception to that digitization. Central Bank Digital Currency is the newly emerging concept of digitization of money. It is an attempt to properly regulate the money and bring all citizens into a process of inclusion. It can be taken as […]
US SEC charges Wells Fargo CEO for misdirecting its customers. The CEO of Fargo, an American banking giant, John Stumpf, was criminalized by the US Securities and Exchange Commission. Mr. Stumpf had to cough up almost three million dollars to appease the regulator while a former lead exec, Carrie Tolstedt, will be involved in a […]
TL;DR Breakdown: The Reserve Bank of India supports the idea of a complete crypto ban. RBI presented the negative impact of crypto to the central board in the latest board meeting. The Indian crypto community is fearful about a potential ban like China. India’s central bank RBI has communicated its support to the central board […]
Governor of the Bank of England has charged the G20 countries to work together and come up with stablecoins regulation that would check its activities in the market Giving his speech at an event that was held in Brookings Institution, Andrew Bailey said the G20 countries need to work together to achieve the common aim […]
The Central Bank of Korea has recently submitted a report that has highlighted how central banks approach to CBDC around the world will be focused on Blockchain technology. According to the report, central banks around the world have been harnessing the thoughts of creating their digital currency with blockchain technology because of technological advancement. The […]
A Central Bank of Canada CBDC appears to be underway if a job positing for a CBDC project manager is anything to write home about. The financial institution has been working behind the scenes to develop its native central bank digital currency (CBDC). After a job posting for the position of the projects’ manager on […]
One of the lead investors of Ripple in 2013 himself declared at the start of the year that he never believed Ripple would be seen as a coin. Kevin Rose believes that Ripple is limited as a currency, but it excels as a transfer. In an interview with tech crunch regarding how he felt about […]
Stablecoin ban might be the next move by the central banks if their recommendations are anything to write home about. The banks are worried that the coins are a threat […]
The Bank of Thailand (BOT) has entered the third phase of development for its digital Baht project and plans on expanding its use among corporations. According to The Nation Thailand, BOT assistant governor Vachira Arromdee revealed that the bank is already using the CBDC for financial transactions with some big businesses. Digital Baht The bank […]
