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 ...
Tag: Central Bank
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 ...
State Digital Currency Not in Demand in Japan: Central Bank Governor Says
Governor Haruhiko Kuroda of Bank of Japan (BOJ) has insisted that there is no significant public demand for a central bank digital currency (CBDC) in the Asian country. Speaking at ...
South African Central Bank Shifts Focus on New Crypto Regulations
In spite of the volatility in the crypto market, the nascent industry seems to be growing. The South African Reserve Bank (SARB) is allegedly going to enforce new digital currency ...
Will You Trust Facebook Libra with your Money?
The social media behemoth’s foray into the crypto territory with some financial powerhouses on board should prompt heavy suspicion. With the recent data leakage scandals yet to fade into the ...
Central Bank of Turkey Punishing Foreign Currency Deposits
The people of Turkey no longer deem the Lira as valuable. Many Turks prefer to use foreign currencies. Some institutions are also choosing forex (foreign exchange) or precious metals. Forex ...
Cryptos Will Form an Integral Part of Daily Transactions Soon, Says Hayvn Co-founder
During the interview with ArabianBusiness.com, Christopher Flinos, the co-founder of cryptocurrency trading and custody platform for institutional investors Hayvn, expressed that soon cryptocurrencies will become part of daily transactions. Christopher ...
A Bank of England Poll Shows Digital Assets are Taking Over Christmas
The Old Lady of Threadneedle Street aka UK's Central Bank posted a tweet earlier this week asking revelers how they would prefer to get their Christmas gifts. The revelation is ...
Sweden’s Central Bank Intends to Test Digital Coin
In an interesting development, Sweden’s central bank, Riksbank, declared that it intends to engage in testing a digital currency, which is known as e-krona. The country is known to have ...