currency

Here are the conditions for Dogecoin to become a viable currency

Here are the conditions for Dogecoin to become a viable currency

Dogecoin’s year-to-date gains of 6580% have made a serious case for its inclusion across top portfolios. Although DOGE’s success has faced constant scrutiny, the meme coin remains unaffected by it. At the time of writing, DOGE was trading just below the $0.41 mark. One of the coin’s faithful promoters, Mark Cuban of the Dallas Mavericks …

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Bank of England, HM Treasury establish new taskforce to explore digital currency

Bank of England, HM Treasury establish new taskforce to explore digital currency

The Bank of England and HM Treasury have jointly created a taskforce to explore a potential central bank digital currency (CBDC) in the U.K. Announcing the news on Monday, the two government authorities said they have not yet decided whether to introduce a CBDC in the U.K. but will explore its use cases and risks. They will …

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Bank of Japan to begin central bank digital currency experiments later this year

Bank of Japan to begin central bank digital currency experiments later this year

The Bank of Japan (BOJ) will start experiments on a central bank digital currency (CBDC) this spring, according to central bank governor Haruhiko Kuroda. Reuters reported today that Kuroda said the bank must “prepare thoroughly” to issue a CBDC. That includes experimenting with how it would operate a digital yen during the course of this …

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India's central bank says it is exploring the possibility of digital currency

India’s central bank says it is exploring the possibility of digital currency

The Reserve Bank of India (RBI), the country’s central bank, has said that it is exploring the need for digital currency. In a booklet on payment systems published Monday, the RBI said if there is a need for a digital rupee, it will explore how to operationalize it. “Private digital currencies (PDCs) / virtual currencies …

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EY launches Ethereum-based procurement solution for enterprises

EY-led consortium bids to work on Korea’s central bank digital currency pilot project

A consortium led by EY Hanyoung, the “Big Four” consulting giant’s South Korean subsidiary, has reportedly bid for the country’s central bank digital currency (CBDC) pilot project. EY Hanyoung, along with Samsung SDS and Japanese tech giant LINE (owned by South Korea’s Naver Corporation), looks to work on the technical design of the CBDC project, …

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Where Does Bitcoin Fit in the Global Reserve Currency Game?

Where Does Bitcoin Fit in the Global Reserve Currency Game?

On this “Speaking of Bitcoin” episode, join hosts Adam B. Levine, Andreas M. Antonopoulos, Stephanie Murphy, and Jonathan Mohan for a look at the past, present and future of global reserve currencies In the beginning there was the global reserve currency (U.S. dollars,) national currencies like the Japanese Yen, alternative currencies like Ithaca hours and just one …

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The Bahamas Reveal Details, October Date of Landmark Central Bank Digital Currency Debut

The Bahamas Reveal Details, October Date of Landmark Central Bank Digital Currency Debut

The Bahamas confirmed it will cross the central bank digital currency (CBDC) finish line next month. “The intended outcome of Project Sand Dollar is that all residents in The Bahamas would have use of a central bank digital currency, on a modernized technology platform, with an experience and convenience – legally and otherwise – that resembles …

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The Bahamas’s central bank put its digital currency on its official balance sheet in April

The Bahamas’s central bank put its digital currency on its official balance sheet in April

In a financial statement published in late April, the Central Bank of The Bahamas achieved a little-known milestone — including its brand-new digital currency on its balance sheet. First included on page forty-seven of its annual report, the central bank noted that it had put $48,000 worth of the Sand Dollar into circulation. The document …

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MIT’s Narula: Bitcoin jumpstarted the current conversation on central bank digital currency

MIT’s Narula: Bitcoin jumpstarted the current conversation on central bank digital currency

The idea of wholly digital currencies isn’t a new one, but it was bitcoin that added extra fuel to that long-running conversation, according to Neha Narula, director of MIT Digital Currency Initiative. Her comments were included in The Block’s new wide-ranging report on central bank digital currencies, which covers a range of R&D initiatives from …

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Central bank of the Philippines is considering issuing its own digital currency

Central bank of the Philippines is considering issuing its own digital currency

The central bank of the Philippines, locally called the Bangko Sentral ng Pilipinas (BSP), is looking at the feasibility of issuing its own digital currency. Bloomberg reported the news on Wednesday, saying that the central bank has created a committee to study digital currencies and its policy implications. Governor Benjamin Diokno said the central bank …

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