In mid-May, a report stemming from residents in Shenzhen, China explained that the digital yuan wasn’t seeing widespread participation, which the Chinese government has alluded
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Bank of Jamaica to begin digital currency pilot in August
The Bank of Jamaica is getting ready to begin testing its planned central bank digital currency in collaboration with financial institutions in the country.
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Brian Armstrong Meets With Fed Chair Jerome Powell – ‘US Needs to Be a Major Crypto Player to Stay Relevant’
According to Jerome Powell’s conference calendar, the CEO of Coinbase, Brian Armstrong, met with the Federal Reserve chairman and former House of Representatives Speaker Paul
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Fed Vice Chair Quarles Says Digital Dollar Could Pose Significant Risks to US Banking System
The Federal Reserve’s vice chairman of supervision and the chair of the Financial Stability Board (FSB), Randal K. Quarles, doubts the benefits of the digital
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BIS optimistic about central bank digital currencies
The central bank of central banks says CBDCs are necessary for maintaining the status quo of the legacy financial system.
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New Bank of America Report Says Digital Currencies ‘Could Boost Economic Growth’ in Developing Countries
A new Bank of America (BOA) research study has found that both central bank digital currencies (CBDCs) and private digital currencies hold “a lot of
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