Bank of England Governor: Cryptocurrencies Could Be Gone Soon

More crypto skepticism is being seen this week with the governor of the Bank of England throwing salt in the face of all crypto enthusiasts. The head of England’s top bank, Andrew Bailey, believes that crypto currencies are not here…

Reserve Bank of India Now Looking to Unveil CBDC

The Reserve Bank of India has published a booklet with a section speaking exclusively about cryptocurrencies. The central bank through the booklet acknowledged that cryptocurrencies have gained in popularity in the last few years and confirmed that it was exploring…

Ripple Seeks to Hire An Expert to Help Design and Spearhead its CBDC Strategy

As everyone gets animated about the souring BTC and ETH prices, CBDCs are still a major topic for some. Ripple CEO Brad Garlinghouse is one of those people who still has his eyes trained on CBDCs as his company looks…

ECB President: Digital Euro Decision to Come Early Next Year!

European Central Bank head Christine Lagarde has said that the bank should decide by early next year on whether or not it will be releasing a digital Euro. During an Online policy panel held on Nov 12, she stated that…

PayPal Services to be a Crypto Highlight in 2021

Global payments giant PayPal is planning a massive play into the crypto sector next year according to its top brass. At the firm’s quarter 3 earnings meeting for 2020, senior executives discussed at length, plans to push into crypto while…

Cambodia launches Blockchain-based Interbanking Platform

Cambodia is the latest jurisdiction to jump into the CBDC craze after the country’s central bank launched a Blockchain-based platform for digital money transactions known as Bakong. A source from Dap News released the story which also revealed various partnerships…

FED Chair on CBDCs: America Wants to Get It Right not First!

According to FED Chairman Jerome Powell, the US will not unveil a digital dollar unless all the questions surrounding it are resolved. Responding to concerns that other countries were closing in on finalizing their digital currencies and unveiling them, Powell…

Ripple Cofounder: Ripple could leave the US

Ripple co-founder Chris Larsen is not too impressed with the United States after failing time and time again to create a satisfactory token environment. Falling behind financial system control race During the LA Blockchain Summit conference in October 6, Chris…

CBDCs are Risky According to the Central Bank of Canada

Canada’s central bank recently put out a report on the risks and benefits of a central bank digital currency in an October 5 report. The report pointed to security risks that a CBDC would bring about. Canada’s top bank wrote;…

Global Compatibility will determine the CBDC Race, says Expert

Douglas Arner, director at Asian Institute of International Financial Law at the University of Hong Kong, believes that international interoperability will become the cornerstone of the CBDC race. While speaking at the unitize Blockchain conference on July 14, he argued…