Central Bank Digital Currency

RBI Governor Discusses Crypto and Central Bank Digital Currency

</header> <strong>The governor of the Reserve Bank of India (RBI), Shaktikanta Das, spoke about cryptocurrency during a press conference on Thursday. He also talked about the prospect of an RBI-issued digital currency, when the time will be right for issuing one, and his view on private digital currencies.</strong> Also read: Indian Supreme Court Wraps up …

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Russian Crypto Plot, China Mining U-Turn, Lottery Winner’s BTC Gamble: Hodler’s Digest, Nov. 4–10

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Russia: New law would let police confiscate Bitcoin from 2021 …

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ING’s Chief Economist Predicts Central Bank Digital Currencies in 2-3 Years

Dutch bank ING’s chief economist has said “fully fledged” digital currencies will developed by central banks in just two to three years. Mark Cliffemight, speaking in an ING video published Friday, argued that the Facebook-led Libra cryptocurrency project is putting pressure on monetary authorities. With Libra slated for launch in 2020, central banks “would have” to make …

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New Head of China’s Digital Currency Says It Beats Facebook Libra on Tech Features

The Chinese central bank has a new digital currency chief who says its upcoming digital yuan has features not offered by Facebook Libra. Changchun Mu – previously deputy director of the payments and settlement division at the People’s Bank of China (PBoC) – recently stepped into the lead role at the Digital Currency Research Institute, reports Shanghai Securities …

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China’s official digital currency is nearly ready

Sponsored Links AP Photo/Andy Wong As much as China frowns on cryptocurrency, it’s happy to introduce its own form of virtual cash. The People’s Bank of China has revealed that its digital currency “can now said to be ready” after five years of work. Don’t expect it to mimic crypto, however. According to payments Deputy …

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BIS Chief: Central Banks May Issue Digital Currencies ‘Sooner Than We Think’

After issuing comments and reports heavily critical of cryptocurrencies over the last few years, Agustin Carstens, chief of the Bank for International Settlements (BIS), has acknowledged that central banks will likely soon need to issue their own digital currencies. Speaking to the Financial Times on Sunday, Carstens said that BIS – which acts like a central bank …

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Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings

<strong>Central bank digital currencies (CBDCs) featured prominently when global financial leaders met for this year’s World Bank Group and International Monetary Fund (IMF) joint Spring Meetings in the United States. Faced with emerging disruptive technologies like Bitcoin, their discussions also focused on how money and payments are taking on new forms throughout the world. There …

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Pakistan Central Bank Eyes Digital Currency Launch by 2025

The State Bank of Pakistan (SBP), the country’s central bank, is considering the launch of a digital currency by 2025. According to a report from news source Dawn on Tuesday, SBP deputy governor Jameel Ahmad said that the central bank is currently working on the digital currency concept in order to “promote financial inclusion and reduce …

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