CBDC

Bridging Real and Virtual Economies

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Time Stamp: July 11, 2023 3:41 PM - Modified On: July 11, 2023 - Published By:
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In an era where decentralized finance (DeFi) promises revolutionary, permissionless, and credit-check-free access to financial services, the limitations to its application lie in the narrow range of digital assets it encompasses. But industry pioneers are working to widen its scope by introducing real-world assets (RWAs) to the digital realm. For instance, in collaboration with the Hong Kong Monetary Authority (HKMA), Ripple is embarking on a research project to try and tokenize real estate. This venture was made public about seven weeks ago as part of a broader initiative, the digital

Paribus Vision

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Time Stamp: May 27, 2023 11:55 AM - Modified On: May 27, 2023 - Published By:
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For those who missed our announcements on social media, we are thrilled to share the exciting news that our Mainnet v1 will be relaunched on May 31st! The past few weeks have been demanding and challenging, but we couldn’t be happier with our progress. At Paribus, we have always emphasized the importance of security. While we were shocked and saddened by the exploitation of a loophole in our code, we firmly believe in finding the silver lining in every cloud. The steps we’ve taken following this unfortunate incident have made

US Treasury Official Keynotes the Future of Money, Governance, and the Law hosted by the Government Blockchain Association (GBA), May 24-25, Washington, DC.

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Time Stamp: March 9, 2023 1:45 PM - Modified On: March 9, 2023 - Published By:
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Washington, DC - The Government Blockchain Association (GBA) announces that D. R. Maurice, speaking in her personal capacity will be a keynote speaker at the "Future of Money, Governance, and the Law" conference on May 24-25, 2023, in the nation’s capital. The conference brings together government officials, industry leaders like Circle (CRCL) and Ciphertrace, a Mastercard company (MA), academia and many others. "D R Maurice is a leading expert in regulatory technology, sandboxes, and CBDC digitalization. She has an extensive track record with central bank governance around the world and joins

RippleX exec says ODL is ‘killer value proposition to Ripple Net’

Source Node: https://ambcrypto.com/ripplex-exec-says-odl-is-killer-value-proposition-to-ripple-net/
Time Stamp: November 20, 2021 12:30 AM - Modified On: November 20, 2021 - Published By:
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Despite the ongoing SEC vs Ripple Labs lawsuit and the market experiencing a dip, Ripple has been making waves in crypto news. During an episode of the Thinking Crypto podcast, RippleX General Manager Monica Long spoke to host Tony Edward about Ripple’s recent performance, multi-chain development, and the XRP Ledger technology. Water, water everywhere Calling ODL the “killer value proposition to Ripple Net,” Long explained, “So you know, ODL’s been in market for a few years now and Q3 was definitely, you know, the most outstanding…And the volume through ODL

India Considering Registration, Taxation in Crypto Regulation

Source Node: https://beincrypto.com/india-considering-registration-taxation-in-crypto-regulation/
Time Stamp: November 19, 2021 10:01 AM - Modified On: November 19, 2021 - Published By:
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India’s government is planning regulations that could require coins to register before being listed and traded on exchanges.Sponsored Sponsored According to anonymous sources from Reuters, the process is intentionally cumbersome in order to deter investors from holding cryptocurrencies. Only coins that have been pre-approved by the government may be traded, with those holding other coins risking a penalty. This regulation would create a barrier of entry for thousands of peer-to-peer currencies if carried out. Another senior government source claimed that capital gains and other taxes, potentially amounting to over 40%,

First crypto-related exchange-traded fund gets green light in India

Source Node: https://bitcoinerx.com/bitcoin/first-crypto-related-exchange-traded-fund-gets-green-light-in-india/
Time Stamp: November 15, 2021 7:22 PM - Modified On: November 15, 2021 - Published By:
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The Securities and Exchange Board of India (SEBI) has approved the first cryptocurrency ETF. According to local media, the regulator has approved Invesco’s CoinShares Global Blockchain ETF Fund. The fund owns Coinbase, Bitfarms, SBI Holdings, and MicroStrategy, among others. The fund has had a good year, earning 89.52% in returns. Invesco is positive about the asset class’s future, it noted in a document. Blockchain technology Because blockchain technology is new, the potential to change the global economy is huge. Like the internet, blockchain offers massive potential to investors. For institutional

CBDC Likely, But Not With Blockchain Says Former Boston Fed President

Source Node: https://beincrypto.com/cbdc-likely-not-blockchain-former-boston-fed-president/
Time Stamp: October 18, 2021 1:40 AM - Modified On: October 18, 2021 - Published By:
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Eric Rosengren, former President of the Federal Reserve Bank of Boston made a public statement making the concept of a central bank digital currency (CBDC) for the USA a little more clear. However, be believes that blockchain will not be involved.Sponsored Sponsored In Rosengren’s comments on the potential of a US CBDC, he suggests that it will exist in the future. He also said because it would require an agreement between the White House, Congress, and the Fed, that it could take a long time. Interestingly, Rosengren clarifies that a

Could ‘perverted’ CBDCs stop you from buying candy

Source Node: https://ambcrypto.com/could-perverted-cbdcs-stop-you-from-buying-candy/
Time Stamp: October 9, 2021 5:30 AM - Modified On: October 9, 2021 - Published By:
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NSA whistleblower and journalist Edward Snowden is known to comment on Bitcoin and crypto-adoption. However, in the latest issue of his newsletter, Continuing Ed, Snowden cited an article discussing whether the U.S could mint a platinum coin worth $1 trillion. In doing so, Snowden also spurred a discussion on centralized money, CBDCs, and their possible use case as surveillance tools. On banking, bitcoin, and the future of money: a response to a governor of the Federal Reserve, Christopher J. Waller.https://t.co/720SYvqzZM — Edward Snowden (@Snowden) October 9, 2021 To be or not to

Visa working on blockchain interoperability hub for crypto payments

Source Node: https://cointelegraph.com/news/visa-working-on-blockchain-interoperability-hub-for-crypto-payments
Time Stamp: September 30, 2021 7:58 AM - Modified On: September 30, 2021 - Published By:
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Global payments giant Visa has introduced a project that aims to be a “universal adapter” of blockchains that can connect multiple cryptocurrencies, stablecoins as well as central bank digital currencies (CBDC).According to an official announcement on Thursday, Visa’s research team is working on a “Universal Payment Channel” (UPC) initiative, a blockchain interoperability hub connecting multiple blockchain networks and enabling transfers of digital assets from different protocols and wallets.“Imagine splitting the check with your friends, when everyone at the table is using a different type of money — some using CBDC like

Rich Dad Poor Dad’s Robert Kiyosaki Predicts ‘Giant Stock Market Crash’ in October — Says ‘Bitcoin May Crash Too’

Source Node: https://www.bitcoinnewsminer.com/rich-dad-poor-dads-robert-kiyosaki-predicts-giant-stock-market-crash-in-october-says-bitcoin-may-crash-too/
Time Stamp: September 27, 2021 1:38 AM - Modified On: September 27, 2021 - Published By:
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Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” has predicted a “giant stock market crash” coming in October. He believes that “bitcoin may crash too.” The famous author also offered his opinion on China’s crackdown on cryptocurrencies. Robert Kiyosaki Warns of ‘Giant’ Market Crash in October Famous author and investor Robert Kiyosaki has predicted that a “giant stock market crash” is coming in October, noting that gold, silver, and bitcoin may crash as well. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter.

Italian Payments Giant Nexi Involved in Digital Euro Project

Source Node: https://news.bitcoin.com/italian-payments-giant-nexi-involved-in-digital-euro-project/
Time Stamp: September 24, 2021 2:00 AM - Modified On: September 24, 2021 - Published By:
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Nexi, a leading European payments company, is reportedly giving advice to the European Central Bank (ECB) related to the digital euro project. The announcement was made by Nexi’s CEO Paolo Bertoluzzo, who also gave his opinion about the future of central bank digital currencies (CBDC) and cryptocurrencies during the Money 20/20 fintech conference in Amsterdam. Nexi Advising ECB on Digital Euro Issues Nexi, one of the biggest payments companies in Europe, is working in tandem with the European Central Bank toward the creation of a digital euro, according to statements