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New World Emerging: BIS Backs 56 Countries For Central Bank Digital Currencies

The Bank Of International Settlements (BIS) or the central bank for the world has now expressed that its fully backing at least 56 countries developing a Central Bank Digital Currency (CBDC.) Recently the BIS has been heavily discussing how cryptocurrencies should be integrated into the world markets, but they aren’t talking about Bitcoin, Ethereum, and… Read More

Jerome Powell: “A Digital Dollar And Physical Cash Must Co-Exist”

Jerome Powell has stated that a central bank digital currency (CBDC) won’t remove the need for physical cash in the near future. Instead, a digital U.S. dollar would work in tandem with the physical fiat version. Powell repeated a key point made in a recent Bank for International Settlements report the Fed contributed to, stating,… Read More

Institutional BIG Money Bets on Bitcoin And Ethereum For 2021 And Beyond

CME Group will begin the process to list an Ethereum (ETH) futures product next year, the firm said in a post on its website on Wednesday. Meanwhile, a hedge fund has pledged to invest the largest amount thus far into cryptocurrency at $1 billion dollars. The Ethereum based futures product is coming to the market… Read More

Sweden Is Exploring A Central Bank Digital Currency As The Race Is On By Other Countries Against China

Sweden the country most known for its cashless society is exploring launching a potential Central Bank Digital Currency (CBDC.) Sweden’s government will start exploring the utility of having the country move to a digital currency, Bloomberg reported. Per Bolund, Sweden’s financial markets minister said a review launched for the evaluation of an E-Korona (not to… Read More

Citigroup CEO Says The Bank Is Helping Governments Around The World Create CBDCs

Citigroup Chief Executive Michael Corbat stated in a Bloomberg interview that Citi Bank is helping governments “around the world” in creating fiat Central Bank Digital Currencies (CBDCs.) While speaking to David Rubenstein at a Bloomberg event, Corbat declared that CBDCs are “inevitable” for the future of money. Adding that, Citigroup, was in the process of… Read More

World’s Largest Asset Fund Manager BlackRock CEO: “Bitcoin Can Possibly Evolve Into A Global Market”

As Bitcoin continues to take a dive into institutional finance, BlackRock chairman and CEO Larry Fink has become the latest Wall St veteran to notice and talk about the number one digital asset. MarketWatch reports that Fink voiced his feelings about Bitcoin in a conversation with former Bank of England Gov. Mark Carney at the… 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

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