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“# Mexico lawmakers aim to follow the example of neighboring countries with proposed Bitcoin legislation ” Eduardo Murat Hinojosa, a senator of the federal government of Mexico, has said he will be submitting a proposal to lawmakers seemingly aimed at crypto adoption in the country. In a tweet today, Hinojosa changed his profile picture to…
“# Ghana gearing for central bank digital currency pilot ” The Bank of Ghana (BoG) is reportedly moving towards the introduction of a central bank digital currency (CBDC) experiment. Speaking during a news conference in Ghana’s capital, Accra, on Monday, Ernest Addison, governor of the country’s central bank revealed that the BoG was in the…
“# ECB says digital euro may be needed to combat ‘artificial currencies’ ” The European Central Bank has warned that a CBDC or digital euro may be required to head off the spectre of “artificial currencies” dominating cross-border payments. In ECB’s annual review of the euro dubbed “The international role of the euro”, economists Massimo…
“# China to hand out $6.2M in new digital yuan trial in Beijing ” The Chinese government is launching another digital yuan lottery to stimulate its ongoing digital currency trials, this time in the capital of Beijing. The Beijing Local Financial Supervision and Administration officially announced Tuesday that the government will distribute 40 million digital…
“# Lack of knowledge is main barrier to crypto adoption, new survey says ” Among the many complications associated with cryptocurrencies like Bitcoin (BTC), a lack of knowledge and understanding of crypto is the biggest obstacle for wider adoption, according to a new survey. The Economist Intelligence Unit, the research and analysis division of the…
“# Bank of Canada sees no strong case for a digital dollar — for now ” The Bank of Canada does not see a strong reason for issuing a central bank digital currency, or CBDC at the moment. Timothy Lane, the Bank of Canada’s deputy governor and head of research at the bank’s fintech and…
“#NFTs getting a closer look from FINRA” How hot is the NFT craze? It’s so hot that even Finra is trying to wrap its head around it. The Financial Industry Regulatory Authority — the non-government group that licenses broker dealers and accordingly polices it for infractions — is “taking a deep dive to understand NFTs…
“# Bank of Indonesia joins central bank digital currency race ” The Bank of Indonesia is one of the latest global central banks to announce state digital currency plans amid a major spike in the country’s digital payments. Governor Perry Warjiyo said Tuesday that Indonesia’s central bank is planning to launch a digital rupiah currency…
“# State-backed digital currencies can disrupt financial systems: Report ” Central bank digital currencies, or CBDCs, could pose a threat to financial systems if related risks are not managed, Big Three credit agency Fitch Ratings has warned. Fitch Ratings released a report on Monday entitled “Central Bank Digital Currencies: Opportunities, Risk and Disruption,” which discussed the…
“# Central Bank of Bahrain and JPMorgan to work on digital currency settlement pilot ” The government of Bahrain, the third richest Arab country, is working with American investment bank JPMorgan on a digital currency settlement pilot. The Central Bank of Bahrain officially announced Tuesday that the bank is now collaborating with JPMorgan and the…