The Electronic Currency and Secure Hardware Act (ECASH Act), introduced today in the United States House of Representatives, could herald a new direction in government-sponsored digital currencies. Th...
Tag: Currency
New Central Bank Document Outlines Key Motivations for Issuing the Digital Currency – Emerging Markets Bitcoin News
In a recently released document, the Bank of Ghana (BOG) outlines some of its key reasons for developing the central bank digital currency (CBDC). Also, in the document, the bank’s governor insists th...
Just as Hal Finney Predicted, Bitcoin Is Being Purchased to Act as a Reserve Currency
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Hal Finney received the first-ever Bitcoin trans...
“Bitcoin Is The Currency Of Freedom,” Mexican Billionaire Pliego Asserts After Meeting With El Salvador’s Bukele ⋆ ZyCrypto
Advertisement     Mexico’s third-richest person Ricardo Salinas Pliego visited El Salvador’s President Nayib Bukele in a show of support for the country’s Bitcoin agen...
MIT adds the Bank of England to its stable of CBDC digital currency research partners
The Bank of England announced Friday that it had reached an agreement with the Massachusetts Institute of Technology Media Lab Digital Currency Initiative, or DCI, on a joint twelve-month research pro...
Jamaica’s central bank digital currency and the problems it hopes to solve
The Central Bank of Jamacia recently announced that it would be launching its central bank digital currency (CBDC), dubbed the Jamaican Digital Exchange, or Jam-Dex, in the first quarter of 2022. Acco...
Malaysia Has No Plans to Recognize Bitcoin as Legal Currency
Alex Dovbnya Malaysia has become latest country to refute plans to make Bitcoin an official currency Malaysia’s Deputy Finance Minister I, Datuk Mohd Shahar Abdullah, has refuted rumors of Bitco...
Four Central Banks To Launch Digital Currency Prototypes in Partnership With Bank for International Settlements
The Bank of International Settlements (BIS) is partnering with four financial institutions to develop central bank digital currencies (CBDCs). In a new report, the BIS introduced Project Dunbar to foc...
Bitrue Launches BTR as Base Currency With 12 Debut Pairs
With the increasing adoption of the crypto market, several projects are in the spotlight. Cryptocurrency exchanges are not lagging behind as many launch native tokens to give attractive incentives to ...
Robert Kiyosaki Forecasts The Demise Of The US dollar Claiming That The Conflict Has Paved Way To Cryptocurrency As Just A Better Refuge Than Fiat Currency
The US dollar is losing its dominance. What is occurring with the US dollar right now is the death of the US dollar, Rogers observed, because an international currency is meant to be neutral, but Wash...
Bitcoin a Starting Point for Developing Central Bank Digital Currency, Says Big Four Firm Deloitte
One of the biggest accounting firms in the world says that the underlying technology behind Bitcoin (BTC) is a good starting point for developing an efficient central bank digital currency (CBDC). Acc...
Why does Billionaire Mike Novogratz think Bitcoin will be accepted but not as Currency?
In an interview with CNBC, former investor and CEO of Galaxy Digital puts his thoughts about bitcoin would be more of an investment tool Former American investor at Fortress Investment and CEO of capi...
Idea to Use Digital Ruble as Reserve Currency Circulated in Sanctioned Russia – Finance Bitcoin News
A call to make the digital ruble a reserve currency has been issued in the State Duma, the lower house of Russia’s parliament. Meanwhile, concerns have been raised in the West that the new incarnation...
Billionaire Mike Novogratz Rules Out Bitcoin Being Used As Currency, Reveals What Will Accelerate BTC Adoption
Galaxy Digital CEO Mike Novogratz is unveiling what he believes will spur the global adoption of Bitcoin (BTC). Novogratz says in a CNBC interview that Bitcoin is unsuited to be a currency unlike othe...
Ukraine’s PrivatBank stops Bitcoin purchases with the national currency, the hryvnia
TL; BR Breakdown PrivatBank which is the largest savings bank in Ukraine has blocked purchasing of Bitcoin using Ukraine’s national currency, the hryvnia. The bank announced the move just a day after ...
Ghana Proposes Hardware Wallets To Support New Digital Currency
The Central Bank of Ghana said inclusiveness would be a major factor for its upcoming digital currency, the eCedi, and will attempt to bring the currency to citizens without a bank account, or even in...
FinCEN Chief Digital Currency Adviser Korver Departs for A16z as Head of Regulatory
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Jamaican’s soon-to-be-released digital currency CBDC users will get the free payout c
Citizens having crypto wallets will get a $16 deposit to assist raise knowledge and usage of the Jamaica Digital Exchange, Jamaica’s soon-to-be-released CBDC. In order to encourage wider use, the firs...
Legendary investor Jim Rogers sees the end of US dollar as a neutral currency and regrets not having bought bitcoin
Billionaire investor Jim Rogers believes that the US dollar is now no longer viewed as “neutral”, and that Washington has “changed the rules”. He is still worried that governments might ban cryptocurr...
Expect Indian Digital Currency (CBDC) This Year- Indian FM
Two major highlights from the FM Sitharaman’s Budget speech were (1) RBI soon to launch CBDC, (2) 30% implied tax on cryptocurrency earning. Speaking at the India Global Forum’s annual summit, the Fin...
Philippine Central Bank Rolls Out Digital Currency
The Philippines is inching closer to issuing a regulated, centralized digital peso after its central bank announced a pilot run called Project CBDCPh. The Covid-19 pandemic proved a turning point for ...
Lugano Has Made Cryptocurrency And Fiat Currency Legal Currency, Aiming To Make Switzerland A Next Cryptocurrency Utopia
Lugano, which has a population of just over 60,000 people, could face a severe labour shortage if it is able to recruit even a percent of the companies it hopes to attract. According to Pietro Poretti...
Lugano Switzerland Will Declare BTC Or Dollar De Facto Legal Currency
The measure goes well beyond the actions of a number of other Swiss municipalities that have been taking cryptocurrency for tax payments for quite some time. Lugano, like El Salvador, wants all of its...
Face Pay to Launch New Digital Currency
Face Pay Inc. – a firm that looks to help credit card companies avoid or eliminate third-party fees – announced it is unveiling its own cryptocurrency known as Face Pay Crypto. Face Pay Is Launching a...
Swiss City Lugano to Make Bitcoin and Tether its Official De Facto Currency
Lugano, a city in southern Switzerland, has introduced Bitcoin and Tether in addition to its own LVGA Points token as legal tender. The initiative was backed by the collaboration between Tether Operat...
Swiss Town Of Lugano Adopts Bitcoin And Tether As Legal Currency In Significant Crypto Adoption Boost ⋆ ZyCrypto
Advertisement     Residents of Lugano, the biggest city in Switzerland’s Ticino canton, will soon be able to buy houses, cars, and even pay taxes with bitcoin, Tether ...
Cardano Support on the Way Following Successful Launch of Base Currency: Bitrue
Tomiwabold Olajide Bitrue continues to show its long-term commitment to the Cardano community In a recent blog post, Bitrue exchange says it saw lots of great support from the community when it announ...
Putin signs decree to prohibit leaving Russia with more than $10,000 in foreign currency
Russian President Vladimir Putin on Tuesday signed a decree that prohibits taking more than $10,000 worth of foreign currency in cash and “monetary instruments” out of Russia. The move comes in respon...