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” UN agency head sees ‘massive opportunities’ in crypto: WEF 2022 “ The United Nations is smitten with distributed ledger technology (DLT). In a conversation with Cointelegraph at WEF 2022, United Nations International Computing Centre (UNICC) director Sameer Chauhan explained the “massive opportunities” he sees in cryptocurrencies. A former traditional finance executive and head of…
” India to roll out CBDC using a graded approach: RBI Annual Report “ Further cementing India’s decision to introduce an in-house central bank digital currency (CBDC) in 2022-23, the Reserve Bank of India (RBI) proposed a three-step graded approach for rolling out CBDC “with little or no disruption” to the traditional financial system. In…
” Falling Bitcoin price doesn’t affect El Salvador’s strategy: ‘Now it’s time to buy more,’ reveals Deputy Dania Gonzalez “ Dania Gonzalez, Deputy of the Republic of El Salvador, was recently in Brazil to reveal her country’s experiences with the decision to adopt Bitcoin (BTC) as legal tender. Gonzalez’s invitation to Brazil came from digital…
” Draft bill to ban China’s digital yuan from US app stores “ Lawmakers in the United States are moving to protect the country from the potential undesirable impacts of the global adoption of China’s national digital currency. Three Republican senators, Tom Cotton, Mike Braun and Marco Rubio, introduced a bill on May 25, aiming to limit…
” Brainard tells House committee about potential role of CBDC, future of stablecoins “ The Fed vice chair told the House Financial Services Committee that a CBDC offers stability, interoperability in increasingly complex economic system. <p>United States Federal Reserve vice chair Lael Brainard submitted a written statement in advance to the Financial Services Committee virtual…
” Blockchain tech offers multiple paths to financial inclusion for unbanked “ Financial inclusion, accessible services and the unbanked are standard talking points in many conversations about crypto. But, the details may remain somewhat fuzzy — the people who talk about crypto are generally those already inside the financial system. There are people who are…
” ECB president’s anti-crypto comments trigger community responses “ The crypto community has fired back at European Central Bank (ECB) President Christine Lagarde for her recent anti-crypto remarks, with people expressing disappointment and even criticizing the euro. As crypto markets show signs of stagnation, Lagarde reminded the world of her stance on cryptocurrencies. According to…
” WEF 2022: SWIFT probably won’t exist in 5 years, says Mastercard CEO “ Mastercard CEO Michael Miebach said on Tuesday that he does not expect SWIFT, one of the most widely used platforms for cross-border fiat transactions, to exist in five years’ time. Miebach was speaking at a panel session on central bank digital…
” Mercado Bitcoin partners with Stellar to create MVP for Brazilian CBDC “ Brazilian exchange Mercado Bitcoin announced its partnership with the Stellar Development Foundation (SDF) on Tuesday. The company said it intends to develop one of the nine projects selected for the LIFT Challenge Real Digital, promoted by the Central Bank of Brazil. The…
” WEF 2022: Blockchain community breaks stereotypes at Davos “ On the second day of Global Blockchain Business Council’s (GBBC) Blockchain Central Davos 2022, Cointelegraph’s editor-in-chief Kristina Lucrezia Cornèr moderated a panel discussion focusing on the direction that the financial industry is going. Panelists included the co-founder and CEO of Soramitsu, Makoto Takemiya; Treasury executive…