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“# Sweden extends digital krona digital currency pilot until 2022 ” Sweden’s central bank has extended an ongoing pilot aimed at creating a digital version of the Swedish krona until 2022, as was recently announced by the nation’s Riksbank. In combination with professional services firm Accenture, the “e-krona” pilot program was created to address what…
“# Russian mobile carriers consider smartphone integration for digital ruble ” Major Russian mobile network operators like MegaFon and Beeline are considering how the digital ruble will function on their mobile devices. According to a Feb. 16 report by local news agency Izvestia, Beeline and MegaFon proposed to set up smartphone wallets for Russia’s central…
“# Stablecoin adoption and pivot to DeFi drive Algorand (ALGO) price higher ” In the past few months cryptocurrencies have become a frequent topic of discussion among the mainstream media and traditional investors partially because of the Bitcoin evangelism of well-known influencers like Elon Musk, Mark Cuban and Michael Saylor. One platform that has benefited…
“# 4 top universities submit CBDC designs to the Bank of Canada ” Major Canadian universities have submitted new research to the Bank of Canada centered around the development of a central bank digital currency, or CBDC, underscoring the innovation underway in this space. The research began last year after the BoC engaged four institutions around…
“# MasterCard announces support for crypto on its network ” MasterCard has announced plans to support cryptocurrencies in 2021, paving the way for its nearly one billion users to spend digital assets at more than 30 million merchants. The firm believes this may open merchants up to new customers and build loyalty with existing customers…
“# Covid-19 has pushed Bank of Canada toward ‘digital looney’ ” The Bank of Canada is pushing ahead with digitizing its currency. In a speech today, BoC deputy governor Timothy Lane noted that the COVID-19 pandemic had accelerated the need to digitize cash. Lane said: “The pandemic may bring us to a decision point sooner than…
“# ECB leader floats 3K threshold for digital euro holdings ” In an interview today, Fabio Panetta, executive member of the European Central Bank said the ECB may only allow digital euro holdings “up to a certain threshold” but added that the rollout of the central bank digital currency was unlikely to cause banks to lose…
“# G7 to discuss CBDC and digital taxation this week ” Japanese Finance Minister Taro Aso has revealed the G7’s financial leaders will discuss central bank digital currencies during a meeting on Feb. 12. The meeting will be chaired by Britain, with representatives from the world’s largest economies set to discuss strategies for navigating their…
“# China releases final anti-monopoly rules targeting major tech and payments firms ” China has finalized new guidelines to aid in antitrust battle against tech giants. On Feb. 7, the State Administration for Market Regulation released finalized rules for its anti-monopoly push against e-commerce and payments giants like Alibaba, Ant Group and Tencent. The guidance specifically…
“# A turn for the worse? India’s crypto plan unsettling to local industry ” The Indian Crypto community has been involved in discussions with the government about how it should perceive cryptocurrencies and blockchain technology before finding ways to regulate the industry ever since the government placed a now-defunct blanket ban on banks servicing crypto…