The speech by the director of the International Monetary Fund, Kristalina Georgieva, during the inauguration of the FinTech Festival in Singapore, was an exhortation to public institutions to prepare for the implementation of CBDCs as an instrument of financial inclusion.
The European official was…
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digital money
Bank of England Governor advocates improving digital money
Bank of England Governor Andrew Bailey gave a speech on July 10, addressing various topics, from the central bank's efforts to control inflation and maintain confidence in financial institutions, to his views on cryptocurrencies. Bailey…
ECB steps up preparations for the introduction of a digital euro
The European Central Bank (ECB) has intensified work on the hypothetical introduction of a digital euro, an issue on which a public consultation will begin on October 12 with a parallel experimentation phase. Meanwhile, the Eurosystem will…
Christine Lagarde: Digital euro could strengthen the European payment system
Faced with a still uncertain economic recovery, the president of the European Central Bank, Christine Lagarde, is in favor of the issuance of a digital euro which, in her opinion, would strengthen the European payment system.
This was…
The Bahamas plan to launch its own cryptocurrency in October
The Bahamas "Sand Dollars Project" pilot was tested in 2019 and rated a "success". The country's central bank now plans to launch its own CBDC for next October.
If all goes well, The Bahamas would manage to position itself as the first…
Japan says donations in cryptocurrencies to politicians are legal
Cryptocurrency donations to political parties have received approval from Japan's Minister of Internal Affairs and Communications, Sanae Takaichi, who announced that these donations do not need to be disclosed under the Political Funds…
Turkish government freezes more than 3 million accounts
Thousands of companies and people with fiscal obligations to Turkey have received foreclosure notices, informing them of the freezing of their bank accounts. A measure of the Turkish government before the problems facing the financial and…
Sweden runs out of cash
Technological advances have reached the traditional banking system to transform the way users perform various transactions. Each time fewer people go to a physical agency to pay for services or make deposits. The trend is called cashless…
Pavegen creates electronic tiles that generate electricity and digital money
The London-based company Pavegen created a system of electromagnetic generators incorporated into the tiles which allows registering the impulses of passers-by, generating electricity to illuminate the streets, important data on traffic…
Gemini launches app for users of crypto actives
The new platform allows customers to buy or sell digital currencies, see market prices, observe their portfolio values and set price alerts. The application is reliable and regulated but the company states that it is only the beginning.…
Japanese shipping company will launch cryptocurrency in 2019
The Japanese shipping company Nippon Yusen K.K. announced that it plans to launch its own cryptographic currency for the first half of 2019. The initiative will apply to the crew members, as the company expects to make payments to personnel…
Workers would accept salaries in cryptocurrencies
A recent survey of 1,000 people ensured that 31% of employees would be willing to receive their payments through cryptocurrencies.
Despite this, many workers prefer to receive their payments through traditional channels. The survey was…