Lars Rohde of the Danish Central Bank says that crypto-assets such as Bitcoin and other cryptocurrencies are a fad that the central bankers can ignore.

It seems like the South African Reserve Bank (SARB) now understands the importance of digital currencies alongside traditional fiat currency. Recently, the South African Reserve Bank (SARB) has announced the start of a feasibility study for a retail central bank digital currency (CBDC). It will focus on the issuing of a domestic CBDC that canRead More

Crypto exchange OKEx announced a strategic partnership with local payments firm CuboPay, allowing it to facilitate Tether ($USDT) purchases in exchange for Brazilian real via PIX. The news follows similar moves from rival exchanges, including Crypto.com peer-to-peer platform Localbitcoins. The integrations come as the Central Bank of Brazil published preliminary guidelines for its central bank digital currency (CBDC) earlier […]

In a sign of worldwide growing adoption, central bank digital currencies (CBDCs) programs are currently underway in many countries. West African giant Nigeria appears to [...]

Jose Fernandez da Ponte, a PayPal executive, announced at the Consensus 2021 conference that the company was actively working on the development of a cryptocurrency withdrawal feature. The General Manager for PayPal’s Blockchain, Crypto, and Digital Currencies division referred to the future feature by stating: “We want to make it as open as possible, and [...]

The post PayPal Will Expand its Crypto Operations: Coin Withdrawals Soon appeared first on Blockonomi.

The issue of central bank digital currency (CBDC) is becoming a hot topic of discussion among several governments. Now, the government of South Korea is seeking better technologies that can effectively lead to the creation of their state-owned CBDC dubbed e-KRW.

Global payments giant PayPal will be allowing users to withdraw crypto holdings to external…

The post PayPal Adds Support for Third-Party Wallets appeared first on Coin Journal.

According to the Reuters report, PayPal announced on May 26 that it would begin allowing users to withdraw cryptocurrencies from their platform into third-party wallets. Previously, users could only purchase and sell cryptocurrencies on the platform, which was a major pain point for some users. Jose Fernandez da Ponte, Vice President of blockchain and cryptocurrencies at […]

On Wednesday (May 26), Charles Hoskinson, Co-Founder and CEO of IOHK, explained what makes Cardano ($ADA) stand out among blockchain platforms (including Ethereum and its many challengers). His comments were made during an interview with Yahoo Finance’s Akiko Fujita and Zack Guzman. When asked by Guzman what is about Cardano that makes it better than other blockchain […]

The US Federal Reserve governor has argued that The United States must be at the forefront of developing a central bank-backed digital currency, or CBDC, to bolster the role of the US dollar as a global reserve currency. Federal Reserve Governor Lael Brainard has asserted that leading CBDC projects could have a “significant effect” on […]

China has announced that it will be cracking down on bitcoin mining within the country. In an attempt to protect the country’s...

In its latest report, Fitch Ratings looked into how central bank digital currencies could impact the global financial system, including giving governments a new way to track financial data and new financial policy options. Central banks across countries are looking at CBDCs. Some like the Bahamas, have already launched their sovereign digital currencies, while others like […]

Read full post Fitch Ratings claim CBDCs could disrupt the current financial systems. on Chaintimes.com.