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MetLife States Central Bank Digital Currencies Aren’t A Fad

Investment management firm MetLife has stated that CBDCs will continue gaining mainstream adoption, although a “launch among Western countries seems unlikely to occur anytime soon.” MetLife Investment Management (MIM) founded in 1868 has released a macro strategy presser outlining its forthcoming role of blockchain-based assets, specifically central bank digital currencies (CBDCs). MetLife states that CBDCs… Read More

President Of European Central Bank Christine Lagarde Says They Will Reach Decision On CBDCs In 2021

The president of the European Central Bank, Christine Lagarde, stated that the bank would potentially reach a decision on releasing a digital euro early next year. In a virtual policy panel held on Nov. 12th, Lagarde stated that the European Central Bank (ECB) was not “racing to be first” to release a central bank digital… Read More

UK Treasury To Publish Draft Regulation On Stablecoins And CBDCs

The Treasury Department of the United Kingdom (UK) under Chancellor of the Exchequer Rishi Sunak has stated that stablecoins and central bank digital currencies (CBDCs) have the attention of the U.K and regulators are currently drafting up impending regulations. In a statement issued Monday, the U.K. Treasury said it would put forward proposals for regulating “relevant stablecoin… Read More

Paypal To Explore CBDCs As well As Cryptocurrencies For Its Customers

PayPal will explore adding central bank digital currencies, in addition to enabling users the ability to buy and sell —Bitcoin, Litecoin, Bitcoin Cash, and Ethereum. Senior executives at global payments giant PayPal have revealed additional details about its plans to integrate cryptocurrencies next year during a Q3 2020 earnings call, including plans to support central… Read More

Japan is Falling Behind China in CBDC Race – Years Lost to Inaction

Japan regulators have concerns about the fact that the digital yuan could become a real currency for international trade, especially since Japan is “lagging six years behind China” when it comes to digital currency progress. In a statement on Japanese media, former Pan Pacific director Yusuke Takano pointed out China’s attempts to, “lead the world… Read More

Top Indian Central Banker See NO Future for Digital Money Monopoly

A monopoly architecture shouldn’t be included in the future strategy of both private digital currencies and central bank digital currencies, according to Raghuram Rajan, a former governor of the IMF. In a recent statement Rajan, who is also a former chief of the Reserve Bank of India (RBI) said that private cryptocurrencies such as Facebook’s… Read More

CBDCs Look a Lot Like Regular Old Fiat in a New Package

Central banks all over the world are working on digital currencies, some of which involve blockchain, but these new Central Bank Digital Currencies (CBDCs) aren’t anything new – nor will they address the issues at the core of the fiat currency system. To begin with, fiat currency is already digital. Technically it is debt that… Read More

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