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Central Bank Digital Currencies Are a Trojan Horse for Bitcoin

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Central bank digital currencies (CBDCs) and Bitcoin could scarcely be more different. One is permissioned, the other permissionless; one centralized, the other decentralized; one is censorable, the other censorship-resistant. Despite their dissimilarities, CBDCs might just be the best driver yet for Bitcoin adoption. Also read: Mobile Gifting Platform Swych Announces Cryptocurrency Support CBDCs Are the Best … Read more

South Korea Central Bank Says CBDCs Will Disrupt Financial Integrity

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South Korea’s central bank has warned that adopting a state-backed cryptocurrency as an official form of legal tender would threaten the country’s financial integrity. In a report, the Bank of Korea (BoK) said such a currency, also known as a central bank digital currency (CBDC), could result in a spike in interest rates and a … Read more

Report Claims Central Banks Are Cautious About Issuing Their Own Digital Currencies

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The Bank of International Settlements (BIS) has published a survey showing that most central central banks are “proceeding cautiously” on issuing their own digital currencies. Only a handful are planning to do so in the near future, it said. Also read: Coinflex Exchange to Offer Leveraged BCH and BTC Futures 70 Percent of Central Banks Working … Read more

Regulations Roundup: Cryptocurrency Campaign Donations, US Judge Warns Malaysians

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In recent regulatory news, a report by the Center for Public Integrity has explored the potential for cryptocurrency donations to obfuscate politicians’ sources of funding, a U.S. judge has urged the Malaysian public to exercise due diligence when considering seeking exposure to cryptocurrencies, and a report conducted by IBM Blockchain and the Official Monetary and … Read more

Bank of Thailand and 8 Commercial Banks Developing Central Bank Digital Currency

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Following the adoption of the country’s first cryptocurrency regulation, the central bank of Thailand is working on its own digital currency in collaboration with the country’s largest banks. Initially, the new currency will be used for interbank transfers; this phase is expected to be completely developed by the first quarter of next year. Also read: Yahoo! … Read more

Regulations Round-Up: Central Bank-Issued Digital Currencies, Regulatory Clarity

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In recent regulatory news, Spain’s Central bank has issued a report favoring the development of a central bank-issued digital currency (CBDC), the president of Taiwan’s central bank has advocated caution regarding CBDCs, the Blockchain Research Institute has published a summary of recent roundtable discussions calling for great regulatory clarity, and a Russian court has a … Read more

Beware of Crypto Risks: Bank of England Deputy Governor Issues Warning

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The Bank of England has warned financial institutions in the country to limit their exposure to crypto assets. In a letter written by the bank’s deputy governor, the regulator cautioned firms against letting their guard down as the popularity of cryptos soars. It also reminded the firms of the risks that come with handling cryptocurrencies, … Read more

Banks Have Become Skeptical of Crypto: Swiss National Bank Executive

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When cryptos became widely popular, central banks were seriously considering issuing their own digital currencies. However, the interest has slowly waned as central banks begin to seriously consider the implications such currencies would have on financial stability. This is according to an alternate member of the Swiss National Bank’s governing body, Thomas Moser. In his … Read more

Regulations Round-Up: U.S. Executive Branch Employees to Disclose Crypto Holdings, French ICO Regulations Coming by 2019

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In recent regulatory news, the United States Office of Government Ethics has issued a document advising employees of the U.S. executive branch to disclose their cryptocurrency holdings. In other news, Bank of Korea has rejected the notion of central bank-issued digital currencies, Crypto Finance AG has received licensing from the Swiss Financial Market Supervisory Authority … Read more