PYMNTS

OCTOBER 9, 2020

Beyond bitcoin – that marquee name of crypto and its brethren, which have yet to escape wild price swings and speculative fervor – lies the prospect of CBDCs. In this case, digital currencies – no matter the provenance – should work well enough to be interchangeable with paper bills and metal coins. euros (at least at present).

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Digital Currency Central Bank CBDC Federal Reserve 70

PYMNTS

JANUARY 20, 2020

Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some conditions attached. A CBDC would be denominated in the sovereign currency, and convertible at par with other forms of money.”. The language is interesting — and noteworthy. The Rewards.

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Digital Currency CBDC Retail Payments Central Bank 87

PYMNTS

APRIL 14, 2020

One of China’s state-owned banks has a mobile test app that supports the country’s central bank digital currency, according to a CoinDesk report. Screenshots of an app developed by the Agricultural Bank of China (ABC) for mobile phones was spotted on WeChat Tuesday (April 14).

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Digital Currency Central Bank Cryptocurrency Legal 79

Payments Source

NOVEMBER 9, 2020

Bitcoin has underpinned the next generation of currencies, while showing that central banks are not necessarily needed as administrators or gatekeepers.

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Bitcoin Central Bank Government Governance 116

PYMNTS

MARCH 16, 2020

Intercontinental Exchange, the parent firm of Bakkt, had first made it known in the summer of 2018 that Starbucks was eyeing the retail use of digital currency payments. The senior engineer reportedly downloaded as well as installed scripts to make the Monero digital currency.

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Bitcoin Digital Currency Central Bank Money Laundering 97

PYMNTS

MAY 27, 2020

The movement toward digital currencies may be a bit of an arms race of sorts, for now. But the question arises: Once they’ve been created and backed by central banks, what do you do with them once you have them? He pointed to the concept of synthetic central bank digital currencies ( CBDC ).

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Central Bank Digital Currency CBDC Settlement 57

PYMNTS

NOVEMBER 12, 2020

Crypto payment services provider BitPay has unveiled a new mass payout offering, BitPay Send, which lets entities of different sizes make payments to workers, clients, affiliates, suppliers, contractors and others with digital currency, according to a Thursday (Nov. Bitcoin last exceeded the $16,000 price point on Jan.

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Stablecoins Bitcoin Digital Currency CBDC 110

PYMNTS

JUNE 24, 2020

In other news, the oldest central bank globally, Riksbank of Sweden, has examined the feasibility of central bank digital currencies (CBDC) and found the pros and cons between different models, CoinDesk reported.

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Central Bank Digital Currency Scams CBDC 67

Payments Source

MARCH 22, 2019

One of Bitcoin’s sharpest critics highlighted the risks of central banks issuing their own digital currencies to the general public, saying it could undermine both financial stability and monetary policy-making.

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Central Bank Bitcoin Digital Currency Risk 71

PYMNTS

JUNE 15, 2020

Korea’s central bank has rolled out a legal advisory group to look at potential challenges to bring a central bank digital currency (CBDC) to fruition, The Korea Times reported. The panel’s start is a portion of the first stage for the Bank of Korea’s (BOK) plan to create a CBDC.

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Digital Currency Legal Cryptocurrency CBDC 64

PYMNTS

SEPTEMBER 15, 2020

District Court against four people for allegedly “fraudulently soliciting funds” from individuals to attempt to wager on changes in the price of bitcoin, according to a press release. Those on the governing council received LBCOIN in the form of a link to a digital wallet containing six virtual coins.

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Bitcoin Central Bank Scams Treasury 95

Payments Source

FEBRUARY 8, 2017

China’s central bank is holding a closed-door meeting with several domestic bitcoin exchanges on Wednesday, people familiar with the matter said, heightening concerns that regulators will tighten their oversight of trading in digital currencies.

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Central Bank Bitcoin Digital Currency Regulations 60

PYMNTS

JUNE 18, 2019

Russia’s central bank might one day launch its own digital currency. Chairwoman Elvira Nabiullina said that, while such a project “cannot be realized immediately,” the bank is looking into it. According to The Citizen , “Bitcoin Wallet” promises returns of 100 percent in 15 days. she asked.

Digital Currency 53

Digital Currency Central Bank Bitcoin Cryptocurrency 53

PYMNTS

NOVEMBER 30, 2020

When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Bitcoin is like a [crypto] 101 version. Privacy And Security.

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Bitcoin Cryptocurrency PayPal Privacy 117

PYMNTS

MARCH 30, 2020

The Banque de France is seeking applications “to experiment with a central bank digital currency for interbank settlements,” according to an announcement from the French central bank. ” The submission deadline for digital applications is May 15.

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CBDC Interbank Settlement Digital Currency Central Bank 98

PYMNTS

DECEMBER 6, 2020

Citigroup will be helping governments around the world establish sovereign digital currencies, or central bank digital currencies (CBDC), CEO Michael Corbat says, according to a report from CoinDesk. Speaking with David Rubenstein at a Bloomberg event on Friday (Dec.

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CBDC Digital Currency Central Bank Governance 114

PYMNTS

MAY 13, 2020

The Bank of Mauritius is progressing toward providing a central bank digital currency (CBDC) per its governor, CoinDesk reported. two bitcoin exchanges — as banking clients in its corporate and investment bank last month, Bloomberg reported, citing an unnamed source. and Coinbase Inc. —

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Digital Currency Bitcoin CBDC Blockchain 61

PYMNTS

JANUARY 5, 2021

Bitcoin reached $34,800 on Sunday (Jan. Bitcoin had seen a string of days in which it continually broke records, passing $20,000 on Dec. Ethereum, the second-biggest cryptocurrency, which usually rises at the same time as bitcoin, also hit its highest level on Monday since 2018, with a $1,170 value, Reuters reported.

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Volume Bitcoin Cryptocurrency Digital Currency 131

PYMNTS

OCTOBER 15, 2020

It will function as a “gathering place” for those interested in digital currencies or those who start businesses in addition to researchers, expats and digital nomads. Meanwhile, the federal government is Nigeria is said to be creating a framework to allow for countrywide digital currency adoption, CoinDesk reported.

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Digital Currency Bitcoin Blockchain Legal 119

PYMNTS

JULY 10, 2019

The European Central Bank (ECB) opened up about cryptocurrency and said it wouldn’t recognize it as an actual currency, according to reports. The bank also said it didn’t have any plans to put bitcoin into its reserves. The statement underpins the bank’s ongoing icy stance on cryptocurrency in general.

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Central Bank Bitcoin Cryptocurrency Push-to-Card 61

CB Insights

MARCH 19, 2020

Not only did Bitcoin have a very good year (up over 90%), but investors continued to fund companies building crypto infrastructure. So far in 2020, amid the coronavirus-driven market sell-off, it’s clear that Bitcoin still behaves as a risk-on asset, not a store of value (yet). Central banks are serious about fiat digital currencies.

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Blockchain Central Bank Digital Currency Bitcoin 100

PYMNTS

OCTOBER 12, 2020

China’s central bank is issuing 10 million yuan ($1.5 million) worth of digital currency to 50,000 people chosen by lottery in the country’s first trial run of a cashless payments system, according to numerous reports on Monday (Oct. It is considered to be a digital version of the nation’s currency.

Digital Currency 96

Digital Currency Central Bank Cryptocurrency Settlement 96

PYMNTS

JULY 16, 2020

The the tool will decrease lending risks for holders of digital currency and allow for the rollout of decentralized lending markets that can provide digital currency loans on an unsecured basis, the announcement stated. million in bitcoin and $30,000 in U.S. million in cryptocurrency, CoinDesk reported.

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Central Bank CBDC Credit Risk Bitcoin 59

PYMNTS

OCTOBER 29, 2020

The Bank of Canada is progressing in its plans for a national digital currency, moving past proof of concepts to “executable” plans, according to Reuters. to buy bitcoin, the custodian announced in a blog post. And, cryptocurrency storage platform Casa has added the capability for customers in the U.S.

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Digital Currency Bitcoin Blockchain P2P 63

PYMNTS

JULY 29, 2020

The Philippines central bank is now considering creating its own central bank digital currency (CDBC), it said during a virtual meeting, having formed a committee to address the issue, Bloomberg reported. The announcement comes after the company’s cryptocurrency brokerage platform launch last November.

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Data Breach Central Bank Breach Cryptocurrency 66

Payments Source

JULY 14, 2017

India is considering tracking digital currencies like bitcoin through the central bank and capital markets regulator along with intelligence agencies to monitor money laundering and terrorist financing, people with the knowledge of the matter said.

Digital Currency 60

Digital Currency Money Laundering Crime Central Bank 60

PYMNTS

DECEMBER 4, 2019

For China: Digital currency, yes. But not bitcoin. But not bitcoin. The price of bitcoin, that marquee name in cryptocurrencies, has plummeted in the last several weeks, down roughly 20 percent at this writing to a recent $7,400, where the price had been more than $9,400 a month ago. Blockchain?

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Digital Currency Bitcoin Money Laundering Cryptocurrency 55

Payments Source

JANUARY 9, 2017

Bitcoin extended Friday’s tumble amid concern China will tighten rules on the digital currency to curb capital outflows.

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Bitcoin Central Bank Digital Currency Rules 60

PYMNTS

MAY 24, 2018

Bitcoin dropped below the $8,000 level on Wednesday (May 23), MarketWatch reported. But bitcoin wasn’t alone: Other major cryptocurrencies fell more than 10 percent. And the central bank of Norway is considering creating its own digital currency, CoinDesk reported. The cryptocurrency was $7,522.24

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Digital Currency Central Bank Bitcoin Scams 40

PYMNTS

MAY 22, 2020

The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. . The digital currency would be backed by the yuan, the Korean won, the Japanese yen and the Hong Kong dollar. .

Digital Currency 64

Digital Currency Cross-Border Settlement Bitcoin Central Bank 64

Payments Source

DECEMBER 14, 2018

The People’s Bank of China, the country’s central bank, plans to introduce a digital currency of its own. But unlike the decentralized blockchain-based offerings, this one could give Beijing more control over its financial system.

Bitcoin 83

Bitcoin Digital Currency Central Bank Blockchain 83

PYMNTS

JULY 29, 2020

The Philippines central bank is now considering creating its own central bank digital currency (CDBC), it said during a virtual meeting, having formed a committee to address the issue, Bloomberg reported. The announcement comes after the company’s cryptocurrency brokerage platform launch last November.

Data Breach 58

Data Breach Central Bank Breach Cryptocurrency 58

PYMNTS

MARCH 22, 2019

Agustin Carstens, the general manager at the Bank for International Settlements , said that banks shouldn’t issue their own bitcoin-like tokens because it could undermine global financial stability, as well as monetary policy, according to a report by Bloomberg.

Bitcoin 69

Bitcoin Central Bank Cross-Border Payments Digital Currency 69

PYMNTS

APRIL 7, 2020

In other news, Bank of England (BoE) analysts at work on the central bank digital currency (CBDC) have said that private firms could potentially have a much more significant role when it comes to the distribution and issuance of money, CoinDesk reported, citing a webinar.

Digital Currency 60

Digital Currency CBDC Blockchain Bitcoin 60

PYMNTS

MAY 22, 2020

The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. . The digital currency would be backed by the yuan, the Korean won, the Japanese yen and the Hong Kong dollar. .

Digital Currency 56

Digital Currency Cross-Border Settlement Bitcoin Central Bank 56

PYMNTS

NOVEMBER 4, 2020

Bit by bit — but more than bitcoin by bitcoin — cryptos are inching into the mainstream, for both consumer and commercial applications. Elsewhere, Square announce last month that it has invested $50 million — approximately 1 percent of its total second-quarter assets — to purchase roughly 4,709 bitcoins. “We

Bitcoin 83

Bitcoin Cryptocurrency Office of the Comptroller of the Currency Consumer 83

PYMNTS

NOVEMBER 23, 2020

Bitcoin rose above $18,000 last week for the first time since Dec. Bitcoin skyrocketed, profits were taken, profits went back into altcoins,” which are more volatile than bitcoin, Joseph Edwards , head of research at crypto brokerage Enigma Securities, told Reuters. million in the digital currency.

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Central Bank Bitcoin Digital Currency CBDC 52