Bank Republic of Indonesia, the country’s financial institution, is reportedly considering issue a central bank digital currency (CBDC) to fight the employment of cryptocurrency. “A CBDC would be one amongst…
Federal Reserve Chairman Powell Confirmed No Intention to Ban or Limit Use of Cryptocurrencies
Federal Reserve Chairman Jerome Powell confirmed throughout a hearing before the House Financial Services Committee that he has no intention to ban or limit the use of cryptocurrencies. He additionally…
President of Argentina open Bitcoin and a CBDC however central bank says no
Argentina’s president is hospitable to the concept of central bank digital currency however the country’s central bank head has rejected the concept. Argentina President Alberto Fernandez has indicated support for…
Nigeria planning to begin Piloting Digital Currency in October
The central bank of Nigeria (CBN) has reportedly set October 1 as the commencement date for the trial part of its digital currency project. Dubbed Project Giant, this digital currency…
New Zealand’s Reserve bank consulting public on a possible CBDC
The Reserve Bank of New Zealand can scrutinize the potential for a CBDC “to work alongside cash as government-backed money,” and assess the problems within the emergence of crypto assets…
Bank of Korea Says They Have No Urgent Need For Issuing CBDCs
South Korea’s Central Bank has said that it currently has no plans of issuing a digital currency in the near future, according to a report by the local news outlet, The…
MD Of IMF Wants The Introduction Of State-Backed Cryptocurrencies
With the rise in the popularity of digital assets, it is the opinion of the Managing Director of International Monetary Fund, Christine Lagarde, that it is time for governments and…
Is Cryptocurrency the ‘Evil Spawn of the Financial Crisis’?
The European Central Bank’s (ECB) executive board member, Benoit Coeure, has made a rather controversial statement that could make a lot of people really angry and unhappy. Benoit called cryptocurrency the “evil spawn…
Former FDIC Chair Urges The Feds To Get Serious About Crypto
The former head of the U.S. government’s deposit insurance corporation wrote an op-ed last week that the Federal Reserve should consider its own crypto. Yahoo Finance has published a page…