Tag: central banks

Feb 12 2021

India Grants Crypto Holders Reprieve Ahead of Likely Ban: Report

The window of opportunity for investors to cash out to fiat is expected to be between three-to-six months.

Feb 05 2021

Nigeria to Close Customer Accounts Linked to Bitcoin Activity

The Central Bank of Nigeria has ordered its national banks and all other financial institutions to close customer accounts linked to cryptocurrency use. Crypto Is Prohibited in Nigeria For the first time, a...

Jan 22 2021

BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments

Jan 22 2021 Published at CoinDesk under tags  bis cbdcs central banks coinflash news

The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021.

Jan 14 2021

How Money Printing Really Works

A Short Introduction To What Influences Money Supply In The Modern Economy It’s undeniable — the world runs on money. This thought is ingrained in all of us and we all understand it deeply. This is evident by the fact that we spend vast amount of hours every day in order to attain more of it. In the Bitcoin space, we constantly see...

Jan 07 2021

A Decade Of Dollar-Denominated Debasement Debauchery

Jan 07 2021 Published at Bitcoin Magazine under tags  banking central banks u.s. dollar

01/Nov/2008: A pseudonym of unknown nationality sent an email carrying word of Bitcoin, a peer-to-peer, electronic cash system with no trusted third party. The New York Times 02/Dec/2008: “U.S. Recession began last December, economists...

Jan 05 2021

BIP 2021: Bitcoin’s Path Toward Reserve Currency Status Is Set

2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here...

Dec 29 2020

Reviewing 2020’s Central Bank Policies

2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here...

Dec 16 2020

Nov 13 2020

CBDCs: ECB and US Closer to Launching Digital Currencies

The European Central Bank (ECB) and the United States are seriously analyzing issuing central bank digital currencies (CBDCs). Two of the largest economies in the world are analyzing […]

Nov 12 2020

CBDCs Will Replace Private Stablecoin Tether, Central Bankers Say

Nov 12 2020 Published at Crypto Briefing under tags  analysis cbdcs central banks

Speaking at the annual ECB Forum on central banking, heads of the three central banks said that they are actively exploring the idea of a CBDC. Some predict it will end private stablecoins, like...

Nov 05 2020

Central Banks Selling Gold Due to COVID-19

Some central banks have started selling gold again after 10 years as some gold-producing nations are looking to take advantage of high prices. Due to the effects of the coronavirus pandemic on the economy, some central banks have started selling gold at near-record prices. Selling at $1,875 per ounce, the price of gold has dropped by 9.63% over the last few months. It...

Oct 29 2020

Jerome Powell: CBDC Could Improve U.S. Payment System

Federal Reserve Chairman Jerome Powell has stated that a central bank digital currency (CBDC) could improve the current payment system in the United States but that there also potential pitfalls to address as well. Jerome Powell made this assertion during the International Monetary Fund (IMF) panel discussion on cross-border...

Oct 24 2020

Japan’s LINE to Unveil CBDC Development Platform

Japan-based LINE, a popular messaging app, has disclosed its intention to introduce a blockchain platform centered on central bank digital currency development. According to Chosun, a South Korean newspaper, Line Corporation will help central banks who want to produce digital currencies through the use of its own CBDC...

Oct 21 2020

Sep 29 2020

Why Bitcoin Now: Andreas Antonopoulos and Dan Held on Bitcoin’s Monetary Policy

Andreas M. Antonopoulos, speaker, educator, and the author of Mastering Bitcoin, Mastering Ethereum, and The Internet of Money, Volumes 1, 2, and 3, and Dan Held, growth lead at Kraken Digital Asset Exchange, discuss the core features of Bitcoin's monetary policy, including how it differs from traditional central bank monetary policy, what gives it value and yet how it seems to have derived...

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