Tag Archives: currencies

Deutsche Bank Research: Crypto to Replace Fiat Currencies by 2030 By 2030, the demand for alternati

Deutsche Bank Research: Crypto to Replace Fiat Currencies by 2030 
By 2030, the demand for alternati

Deutsche Bank Research: Crypto to Replace Fiat Currencies by 2030 By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. In the “Imagine 2030” report, Deutsche Bank strategist Jim Reid raised awareness of the challenges the existing fiat system has encountered in recent […]

Germany Unveils New Plan to Block Private ‘Parallel Currencies’: Libra government has approved a b

Germany Unveils New Plan to Block Private ‘Parallel Currencies’: Libra 
 government has approved a b

Germany Unveils New Plan to Block Private ‘Parallel Currencies’: Libra #Germany’s government has approved a blockchain strategy that aims to prevent stablecoins from becoming alternative currencies and threatening state sovereignty. Reuters reported on Sept. 18 that Chancellor Angela Merkel’s cabinet passed the strategy earlier today, in an apparent bid to mitigate the risks posed by […]

Report: Libra Stablecoin Tied to Major Currencies, Maybe Not Yuan Social media giant Facebook, whic

Report: Libra Stablecoin Tied to Major Currencies, Maybe Not Yuan 
Social media giant Facebook, whic

Report: Libra Stablecoin Tied to Major Currencies, Maybe Not Yuan Social media giant Facebook, which is currently trying to get regulatory approval for its #Libra stablecoin project, reportedly shared details regarding the project’s proposed backing reserves. According to a report by Bloomberg on Sept. 9, #Facebook told United States senators about the backing reserves for […]

Circle CEO Says Tokenized Fiat Currencies Are on the Horizon Jeremy Allaire, the CEO of blockchain-

Circle CEO Says Tokenized Fiat Currencies Are on the Horizon 
Jeremy Allaire, the CEO of blockchain-

Circle CEO Says Tokenized Fiat Currencies Are on the Horizon Jeremy Allaire, the CEO of blockchain-based, #crypto-inclusive #money transfer company Circle, said that the firm has long held that major fiat currencies would eventually be tokenized. Significant digital currencies In an interview on Aug. 21 on the podcast Global Coin Research, Allaire said that Circle […]

New York Regulators Designate New Division to License Crypto Businesses The Department of Financia

New York Regulators Designate New Division to License Crypto Businesses  The  Department of Financia

New York Regulators Designate New Division to License Crypto Businesses The #NewYork Department of Financial Services (NYDFS), the state’s financial regulator, has established a new department that will be responsible for licensing and regulating #crypto-related businesses. In a statement on July 23, the NYDFS announced the formation of the Research and Innovation Division which will […]

Brazil: Member of Former Royal Family Speaks Out Against Crypto Regulation Luiz Philippe de Orleans

Brazil: Member of Former Royal Family Speaks Out Against Crypto Regulation  Luiz Philippe de Orleans

Brazil: Member of Former Royal Family Speaks Out Against Crypto Regulation Luiz Philippe de Orleans-Braganza, a descendant of the former royal family of #Brazil, has spoken out against #cryptocurrency regulation in the country. Orleans-Braganza, who is also a federal deputy in the Brazilian National Congress, spoke out during a special commission meeting wherein lawmakers discussed […]

Bank of Japan: Cash Prevents Digital Currencies With Negative Interest second most senior banking

Bank of Japan: Cash Prevents Digital Currencies With Negative Interest  second most senior banking

Bank of Japan: Cash Prevents Digital Currencies With Negative Interest #Japan’s second most senior banking figure has said central banks cannot use digital currencies to enforce negative interest rates, Reuters reported on July 5. Speaking at an event held by the publication, Masayoshi Amamiya, deputy governor of the Bank of Japan, said that states issuing […]

IMF Predicts Central Banks to Issue Digital Currencies The International Monetary Fund ( believes t

IMF Predicts Central Banks to Issue Digital Currencies  The International Monetary Fund ( believes t

IMF Predicts Central Banks to Issue Digital Currencies The International Monetary Fund (#IMF) believes that central #banks may issue digital #currencies in the future, according to a report by the IMF on June 27 According to the full paper, the IMF and World Bank conducted a survey on fintech that solicited answers from financial institutions […]

Ripple CEO: Bitcoin and XRP Aren’t Competitors — I’m Long BTC (BTC), and XRP, the third biggest co

Ripple CEO: Bitcoin and XRP Aren’t Competitors — I’m Long BTC  (BTC), and XRP, the third biggest co

Ripple CEO: Bitcoin and XRP Aren’t Competitors — I’m Long BTC #Bitcoin (BTC), and XRP, the third biggest coin by market cap, are not competitors, #Ripple CEO Brad Garlinghouse claimed in a Fortune interview on June 20. In the interview, Garlinghouse outlined the key difference of two major #cryptocurrencies, arguing that bitcoin is a store […]

Report: Circulation of Facebook’s Crypto Could Face Demographic Challenges payment-focused cryptoc

Report: Circulation of Facebook’s Crypto Could Face Demographic Challenges  payment-focused cryptoc

Report: Circulation of Facebook’s Crypto Could Face Demographic Challenges #Facebook’s payment-focused cryptocurrency Globalcoin will face demographic challenges, according to recent research by cryptocurrency analysis firm Diar published on May 28. Facebook’s native #cryptocurrency — which will purportedly seek to disrupt or bypass banking networks in order to remove financial barriers and lessen consumer costs — […]