# Taiwan central bank governor considers interest-free CBDC design to prevent fiat deposit flight

# Taiwan central bank governor considers interest-free CBDC design to prevent fiat deposit flight

” Taiwan central bank governor considers interest-free CBDC design to prevent fiat deposit flight “ As reported by local news outlet bnext.com on Wednesday, Chin-long Yang, governor of the Central Bank of the Republic of China (Taiwan), recommended a no-interest design for the country’s central bank digital currency, or CBDC, pilot. In explaining the decision,…

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# CBDC may threaten stablecoins, not Bitcoin: ARK36 exec

# CBDC may threaten stablecoins, not Bitcoin: ARK36 exec

” CBDC may threaten stablecoins, not Bitcoin: ARK36 exec “ Central bank digital currencies (CBDCs) do not pose any direct threat to cryptocurrencies like Bitcoin (BTC) but are still associated with risks in relation to stablecoins, one industry executive believes. According to Mikkel Morch, executive director at the digital asset hedge fund ARK36, a state-backed…

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# ‘Brutal and unrelentingly hard’: Singapore regulator’s clampdown on crypto

# ‘Brutal and unrelentingly hard’: Singapore regulator’s clampdown on crypto

” ‘Brutal and unrelentingly hard’: Singapore regulator’s clampdown on crypto “ Singapore’s financial regulator and central bank has pledged to be “brutal and unrelentingly hard” on any “bad behavior” from the cryptocurrency industry. The comments come from Monetary Authority of Singapore (MAS)’s chief fintech officer Sopnendu Mohanty, explaining in an interview that “if somebody has…

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# US lawmaker lays out case for a digital dollar

# US lawmaker lays out case for a digital dollar

” US lawmaker lays out case for a digital dollar “ Connecticut House of Representatives member Jim Himes has released a proposal aiming to start a dialogue on the United States potentially launching a central bank digital currency, or CBDC. In a white paper released on Wednesday, Himes urged Congress to begin exploring the rollout…

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# BIS compares projects to transfer central bank digital currencies across borders

# BIS compares projects to transfer central bank digital currencies across borders

” BIS compares projects to transfer central bank digital currencies across borders “ The Bank of International Settlements (BIS) Innovation Hub released a report Tuesday looking at four projects that examined wholesale central bank digital currency (CBDC) transfers across borders. The projects demonstrated the technical feasibility of the transfers, the BIS found, but practical and…

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