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Tag: Central Banks

United and Cashaa Launch Unicas in India for Crypto Regulations

A joint venture between Cashaa and United, Unicas claimed to be the first crypto financial institution of the world with physical locations.

South Korean major internet companies submit a proposal to test the feasibility of a CBDC.

South Korean subsidiaries of Naver and Kakao are reported to have submitted proposals to run the 10-month blockchain pilot program, which will aim to test the feasibility of a central bank digital currency in a simulation. South Korea’s central bank has received bids from Kakao’s blockchain subsidiary Ground X and the Naver-affiliated Line Plus. Bank of Korea […]

Are Central Banks Scared of Digital Currencies?

Are central banks scared of cryptocurrencies?

The post Are Central Banks Scared of Digital Currencies? appeared first on Bitcoin Market Journal.

60% of Central Banks are Exploring CBDCs: The European Central Bank has Reached the ‘Investigation’ Stage

The European Central Bank has just announced that it has reached the investigative stage of its digital euro project. If successful, the European Union would be the largest economic bloc to implement a Central Bank Digital Currency (CBDC) project. The progress made by the European Central Bank is a step towards a "CBDC era".

This Week in Fintech ending 16 July 2021.

This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. Monday Ilias Hatzis our Greece-based crypto...

PayPal Raises Crypto Purchase Limit in the US to $100,000

In a press release published on Thursday, Paypal said it is increasing the weekly limit on purchases made with crypto to $100,000.

UAE central bank joins the CBDC race as it looks to launch its national digital currency.

The United Arab Emirates is looking to spearhead the march into a bold new world of central bank digital currencies (CBDCs). In a recently-launched roadmap, UAE’s central bank revealed its ambition to become one of the world’s top ten banks, and it believes a CBDC will play a significant role in its ambitious goal. The […]

Federal Reserve Chair Jerome Powell Talks Up Central Bank Digital Currency: “I am Concerned About Getting this Right”

“I am concerned about getting this right.” – Jerome Powell Federal Reserve Chairman Jerome Powell hiked up to Capitol Hill this week to visit...

Fed’s Powell ‘legitimately undecided’ on central bank digital currency

(Reuters) - Federal Reserve Chair Jerome Powell on Thursday said he had not made up his own mind on the pros and cons...

UAE to issue its own Govcoin Cryptocurrency

The Central Bank of the United Arab Emirates (CBUAE) has unveiled its plan to launch a new digital currency as part of its 2023-2026 strategy plan to become one of the world’s top 10 central banks. In its announcement, the CBUAE said that its strategy includes seven objectives, including the issuance of the digital currency […]

The post UAE to issue its own Govcoin Cryptocurrency appeared first on TheCoinsPost.

Stablecoin News for the week ending Wednesday 14th July.

Stablecoins are for payments, not just as a value store between trades. Here is our pick of the 3 most important Stablecoin news stories during...

FX Market View #19

In the past week the Dollar faced resistance to its near-term trend of strengthening against the currency majors. Despite the fact that the...

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