central bank
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The Bank of Korea plans to include stable currency in its regulatory scope and legislate separately
On April 27th, the Bank of Korea stated in its \”2022 Payment and Settlement Report\” released today: \”Regulatory authorities are responsible for the basic supervision of encrypted a
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The Digital Euro: What It Is and What We Know About Its Implementation
According to reports, the European Central Bank has stated that the digital euro can be provided through existing banking and euro system applications, and may initially be provide
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Federal Reserve Maester: The Federal Reserve will not take action to launch central bank digital currency
According to reports, Federal Reserve Meister: The Federal Reserve will not take action to launch a central bank digital currency, which requires congressional approval. The United
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The $47 Million Encryption Scam in Sri Lanka: What You Need to Know
According to reports, the Central Bank of Sri Lanka is preparing to file a lawsuit against a group of individuals suspected of organizing a $47 million encryption scam. According t
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The Impact of the Decline in Cash Usage and the Rise of Digital Payments on CBDC
According to reports, Signe Krogstrup, President of the Danish National Bank, discussed some of the impacts of the decline in cash usage and the rise of digital payments on the cen
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A Closer Look at the Chinese Stock Market: Analysis and Insights
According to news, A-shares closed at 3234.91, down 0.48%, while the Shenzhen Composite Index closed at 11247.13, down 0.27%. The Shenzhen Blockchain 50 Index closed at 3164.83, do
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Bitcoin Predicted to Skyrocket to $1 Million as Central Bank Policies Shift
According to reports, Arthur Hayes, the founder of BitMEX, said that due to significant changes in global central bank policies, it is expected that Bitcoin (BTC) will rise significantly, or rise to $1 million. Founder of BitMEX: With significant changes in central bank policy, Bitcoin will rise to $1 million Analysis based on this information:Arthur Hayes, the founder of BitMEX, recently made headlines when he predicted that the value of Bitcoin could effectively skyrocket to a staggering $1 million in response to significant changes in global central bank policies. While many may have been skeptical of such a bold claim, experts are taking it seriously for a variety of reasons. To start with, it is important to understand the context in which Hayes made this prediction. Central bank policies have long been one of the key drivers of the global economy, as the decisions made by these institutions regarding interest rates, money supply, and other factors can have a significant…
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Standard Bank CEO Expresses Support for African Central Bank’s Digital Currency
It is reported that at yesterday’s meeting of the African Central Bank of Standard Bank, Standard Bank CEO Sim Tshabalala expressed broad support for the Central Bank’s Digital Currency (CBDC), but believed that retail options could lead to unfair competition. CEO of Standard Bank: Retail CBDC may lead to unfair competition Analysis based on this information:The African Central Bank of Standard Bank held a meeting yesterday where the CEO of Standard Bank, Sim Tshabalala, announced his support for the proposed Digital Currency by the Central Bank. However, Tshabalala expressed concerns that offering Retail options for the new currency could result in unfair competition. The Digital Currency proposed by the African Central Bank is an innovative step towards modernizing the financial industry across the African continent. Traditional banking systems rely on physical currency, which makes them prone to currency theft and the costs of printing and distribution. Moreover, the current payment systems are slow and costly, making it difficult for…
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Strong Labor and Inflation Report Tests Central Bank’s Credibility
It is reported that Athanasios Vamvakidis, the G-10 monetary strategy director of Bank of America, said that the strong labor and inflation report is strengthe…
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The Digital Dollar: A Controversial Proposal by US Congressman Emmer
According to reports, U.S. Congressman Tom Emmer said at an event on the risk of the Central Bank\’s digital currency (CBDC) that the digital dollar is \”a progr…
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Brazilian Central Bank Launches Digital Currency Pilot Project
On March 8, the Brazilian Central Bank announced on Monday the launch of a digital currency pilot project aimed at replicating the success of its real-time pay…
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Nigeria Collaborates with R3 to Launch eNaira
On February 21, Nigeria was negotiating with potential technical partners to develop a new system to operate and manage its central bank\’s digital currency, eN…
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Nordic Innovation Center of BIS Seeks Offline Functions in CBDC
It is reported that the Nordic department of the Innovation Center of the Bank for International Settlements is inviting technology suppliers to submit the ide…
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The Role of the Central Bank in Shaping the Fate of Cryptocurrency
It is reported that Nikita Maslennikov, a famous Russian economist, believes that the central bank will ultimately determine the fate of cryptocurrency, even i…
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Bitcoin and the Central Bank: An Interpretation of Indira Kempis’ Statement
According to reports, Mexican Senator Indira Kempis said, \”Bitcoin makes the central bank obsolete, which is why they hate it.\”
Mexican Senator: Bitcoi…
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Brazilian Government to Issue Decree to Supervise Cryptocurrencies
It is reported that the Brazilian government is preparing to issue a decree to fill the gap left by the recently approved cryptocurrency law. This document is …
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Russian Central Bank to Launch Pilot Project for Digital Ruble Transactions
On February 17, according to the local news agency Tass, Olga Skorobogatova, the first deputy governor of the Russian Central Bank, said during the financial n…
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Fed Vice Chairman Brainard’s Departure to Biden’s National Economic Committee Could Impact Fed’s Monetary Policy and Digital Dollar Adoption
According to reports, \”Fed mouthpiece\” Nick Timiraos: Fed Vice Chairman Brad left the Fed to lead Biden\’s National Economic Committee, which may attract market…