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“# Thailand’s central bank outlines safeguards for a future retail CBDC ” The Bank of Thailand has published the results of a new study into how to manage the implications of issuing a retail central bank digital currency (CDBC) for the country’s financial sector. As distinct from a wholesale CBDC, which is limited to use…
“# Dutch central bank claims Binance is operating illegally ” De Nederlandsche Bank, the central bank of the Netherlands, issued a warning to Binance Holdings Limited and its entities offering crypto services to local residents. In a Wednesday statement, De Nederlandsche Bank said the major crypto exchange was not operating in compliance with the country’s…
“# Ukrainian ministry considering digital currency pilot for staff salaries ” Mikhail Fedorov, Ukraine’s Deputy Prime Minister and the head of the country’s Ministry of Digital Transformation, has revealed a possible early use case for the nation’s planned central bank digital currency (CBDC). In a recent interview published by Ukrainian media outlet TSN, the minister…
“# Ghana’s digital cedi must emulate cryptocurrencies, Afroblock states ” The latest central bank digital currency (CBDC) initiative from Bank of Ghana (BoG) met with skepticism as Afroblocks, an in-house independent association, speculates lack of clarity on the central bank’s intentions. Afroblocks (previously Blockchain Society Ghana) has warned BoG to steer away from “old traditional…
“# President of Argentina open to Bitcoin and a CBDC, but central bank says no ” Argentina President Alberto Fernandez has indicated support for digital assets, asserting there is no reason to push back against the emerging asset class. During an interview with a local media outlet, Caja Negra, on Thursday, Fernandez responded to a…
“# Buying Bitcoin is like entering a minefield, Bank of Russia exec says ” The Russian central bank has once again reiterated its negative stance on Bitcoin (BTC), with one of the bank’s top executives comparing the cryptocurrency with a pyramid scheme. Sergei Shvetsov, the first deputy governor at the Bank of Russia, expressed the…
“# Bank of Jamaica mints the first batch of national digital currency ” Jamaica is aggressively progressing with the country’s central bank digital currency (CBDC) as the Bank of Jamaica, or BOJ, has minted the country’s first batch of CBDC. The BOJ officially announced that its dedicated CBDC division demonstrated the process of minting digital…
“# What form of digital assets will be the future of payments? ” We’re living in a time where digital assets are moving towards mainstream adoption. From retail customers to traditional banks and financial service providers, digital assets are on the rise. Many of these assets promised to disrupt financial markets and large incumbents, and…
“# Cambodia explores cross-border transactions of CBDC-like Bakong ” The National Bank of Cambodia (NBC) continues progressing with its central bank digital currency-like initiative known as Bakong, disclosing several project milestones. NBC’s director-general and the Bakong project lead Chea Serey said in a Wednesday interview with The Nikkei that Bakong’s electronic wallet reached 200,000 users in June,…
“# Fed governor says CBDCs remain ‘a solution in search of a problem’ ” Chris Waller, a member of the Board of Governors of the Federal Reserve System, seems to think it’s unnecessary for the U.S. government to develop a central bank digital currency. Speaking with Michael Strain of the American Enterprise Institute today, Waller…