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“# European central bankers predict that the digital euro is at least five years away ” Several experts from various European banks agreed that even a proof of concept for a digital euro is four or five years away. In a panel on Monday called “Upgrading Money to the Digital Age: Introducing Digital Euro,” participants…
“# Economic justice doesn’t need the blockchain, say advisors to ‘The Squad’ ” American progressives, particularly the high-profile group of Congresswomen known as “the Squad,” have been highly vocal on questions of economic equity, the corrosive social impact of Big Tech and the need to reimagine fiscal and monetary policy in the post-2008 and post-COVID-19…
“# A digital yen will make the crypto market ‘more lively,’ says Monex CEO ” Earlier this fall, the Bank of Japan announced its plans to begin testing a central bank digital currency proof-of-concept in 2021. Further details of the institution’s approach to development and collaborations have since emerged, with indications that the private sector…
“# BIS report suggests ‘embedded‘ monitoring tool for stablecoins ” Facebook’s proposal for its digital currency, Libra, was a wake-up call for international regulatory agencies, finance ministries and central bankers. All these actors recognized that the company’s reach across its three platforms had the potential to accelerate adoption of a global stablecoin to an unprecedented…
“# Ripple seeks director to engage with central banks on digital currency ” Ripple, the payment services using digital currency XRP, is looking for an expert specializing in central bank digital currencies, or CBDCs. According to a recent job posting by Ripple, the firm is seeking a senior director of central bank engagements focusing on supporting…
“# The US election seals China’s victory in digital currency supremacy ” The world is engaging in financial warfare, and China is winning. China’s digital yuan — also referred to as Digital Currency Electronic Payment, or DCEP — will soon be used around the world. The People’s Bank of China is one of the most…
“# BoE policymaker says digital currencies could be part of ‘new monetary order’ ” The Bank of England, or BoE, is broadening its assessment of digital currencies, including evaluating how these assets could form the basis of a “new monetary order.” Andy Haldane, the Bank’s chief economist and sitting member of the Monetary Policy Committee,…
“# Japan’s megabanks to lead experiment with digital yen ” Japan’s three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen. The group consists of banks, various Japanese brokerages, utilities and telecoms firms and retailers, according to a Reuters report published…
“# Join BlockShow, part of the FinTech Festival backed by Monetary Authority of Singapore ” BlockShow has unveiled the speakers for the upcoming cryptocurrency-related event taking place in Singapore in December. As previously announced, the Singapore FinTech Festival, or SFF 2020, is organized in partnership with the Monetary Authority of Singapore, the country’s major financial regulator…
“# Dutch Bitcoin firm reluctantly tightens rules at central bank’s behest ” Bitconic, a Netherlands-based Bitcoin (BTC) exchange, has informed its users that they now need to comply with a new verification measure in order to continue to use their services. The change comes following new requirements from the Dutch central bank, which were published…