Russian parliamentarians have cautioned against risks associated with the introduction of a digital ruble. Among them are the likely increase of competition pressure on banks and new challenges that may arise in the field of information security. Financial Market Committee Sees Threats in Digital Ruble Project Russia’s digital fiat, currently under development, brings certain risks…
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Russia’s digital ruble won’t help the country avoid U.S. sanctions because the global economy is “interconnected,” an official said. Central bank digital currencies (CBDC) like Russia’s digital ruble do not pose any threat to United States sanctions, according to U.S. Deputy Treasury Secretary Wally Adeyemo. In a CNBC interview on Wednesday, Adeyemo argued that the…
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Greg Waisman, co-founder and COO of the global payment network Mercuryo. __________ Since the inception of Bitcoin (BTC) back in 2009, there has always been buzz around the topic of adopting the cryptocurrency as a nation’s official legal tender…. Read More: Bitcoin as Legal Tender: a Look at the Pros, Cons, and Future Trends Read…
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The head of the ruling Democratic Party in South Korea has promised to make a dramatic U-turn on crypto policy, claiming that “the time has come” for the government to stop regulating crypto and start “fostering” the industry…. Read More: Ruling South Korean Party Makes Pro-Crypto Policy U-Turn Read more »Pay, Trade, Buy Bitcoin with…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ … Read More: Wasabi Lightning Wallet Grant, Binance’s New Integration & Funding, Norway Crypto Mining Ban Talk + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ (Updated at 16:47 UTC with the announcement by Maple Finance.)… Read More: Bipartisan Bill Aims to Fix Infra Bill, TIME Holds Ethereum + More News Read more »Pay, Trade, Buy Bitcoin with…
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The world of crypto has been left bemused (and in some cases thoroughly amused) by unexpected comments made on bitcoin (BTC) and crypto regulation from the Indian Prime Minister Narendra Modi. In a virtual address at the Sydney Dialogue, Modi stated that “democratic nations should work together on cryptocurrency to ensure it does not end…
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The International Monetary Fund (IMF) has acknowledged that the recently launched Nigerian central bank digital currency (CBDC) is attracting interest from many institutions globally, including central banks. Still, the fund warns that the CBDC carries risks for monetary policy implementation, cyber security, operational resilience, and financial integrity and stability. CBDC Attracting Interest In its latest…
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“We should act now to improve access to financial services through other means as well — the need is too great,” said Tim Massad. Tim Massad, who served as chair of the Commodity Futures Trading Commission until 2017, said the United States is too slow in developing a plan to modernize its payment systems. In…
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Bank of Russia is preparing for a prolonged trial of the digital version of the national fiat to ensure this is a “full-fledged ruble,” the head of the monetary authority has emphasized. The regulator has put forward some conditions for the implementation of the new currency project. Bank of Russia Sets Conditions for Digital Ruble…
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