Libra Will Never Launch, Monetary Historian Says
Ever since Facebook announced that it plans to launch its Libra project in 2020, it faced huge opposition. Most of the main opposers of the project include governments, authorities, central ...
Tag: Central Bank
Sweden’s Central Bank Shows Some Devotion To CBDC
Sweden's central bank, Sveriges Riksbank, published a 98-page ‘Economic Review’ report. In that report, the central bank digital currencies, or CBDCs, were extensively discussed. Thus, it indicates that the country ...
China’s Digital Yuan To Launch in Four Cities
Reports have emerged that China is planning to test its digital Yuan in four cities. Screenshots of an alleged pilot version of a wallet app for the central bank digital ...
Japan Needs Digital Yen Quickly, Key Government Official Says
Countries are continuing to consider the potential of the adoption of a central bank digital currency (CBDC) even as the financial turmoil grows in the wake of the coronavirus outbreak. ...
Bitcoin Tamed as Bank of England Cuts Rates to 11-Year Low
Bitcoin has been highly volatile in the past few days. However, the United Kingdom’s central bank seems to have helped tame it. The Bank of England (BoE) followed the Federal ...
Indian Central Bank to File A Review Petition in Supreme Court
The Reserve Bank of India (RBI) plans to file a review petition in the country’s apex court- the Supreme Court, against their order seemingly benefitting cryptocurrencies. What happened in the ...
Crypto Adoption May Affect Credit Creation, Bank of England Warns
The deputy governor for the financial stability of the Bank of England (BoE), Jon Cuncliffe, has said that the emergence of a crypto economy may eventually weaken or even eliminate ...
China En-route To Introduce Its Digital Yuan To The World
Reports emerged in 2019 that the People’s Bank of China (PBoC) had embarked on developing a state digital currency. China went public with the news of its central bank digital ...
Criminals Hide Behind The Face Of Bitcoin, US Fed Official Says
Ever since Bitcoin started gaining public attention, it has also faced the wrath of governments and regulators. In the latest bashing, one member of the US Federal Reserve’s board of ...
Ghana Considers Launching a CBDC, Still Sees Crypto As A Threat
Since its inception, Bitcoin has penetrated almost all parts of the world including Africa. Although Africa is yet to embrace the nascent industry, various proponents like Jack Dorsey believe that ...
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