CBDC

The Need to Report Carbon Emissions Amid the Coronavirus Pandemic

JPMorgan Chase, the first American bank to create and successfully test a digital coin representing a fiat currency, also provided the most fossil fuel financing out of any bank in the world, according to a 2019 report titled “Banking on Climate Change.” The bank recently joined a chorus of other financial institutions and endowments that …

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China Is Drafting Laws for the Circulation of National Digital Currency

</header> <strong>Amid the coronavirus pandemic, China’s central bank has reportedly completed the basic development of the nation’s central bank digital currency. The central bank is now drafting legislation for its circulation, according to local media. A number of patents have revealed what the digital yuan will be like.</strong> Also read: 2x Bitcoin — Wanna Double …

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IMF Weighs the Pros and Cons of a Central Bank Digital Currency

In a recent keynote speech to the London School of Economics, International Monetary Fund (IMF) Deputy Managing Director, Tao Zhang, briefed the positives and negatives of a central bank digital currency (CBDC). Zhang pointed toward greater efficiency and lower costs associated with a CBDC. “In some countries, the cost of managing cash can be very …

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Disney World Economics: How Coronavirus Could Be Used to Justify a Global Financial Reset

</header> <strong>‘What in the world is going on’ has now become a question of real pertinence, instead of just a cliché for common bewilderment. As COVID-19 panic grips the world, ripple effects are crashing markets and effectively canceling economies across the globe, scrawling the writing on the wall for something big. Even the beloved Walt …

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Rumors of Bitcoin’s Death Are Greatly Exaggerated

</header> <strong>According to the <a href=”https://99bitcoins.com/bitcoin-obituaries/”>Bitcoin Obituary Page</a>, Bitcoin died 379 times between 2010-2019 of an astonishing array of causes. The number is undoubtedly understated since it is based on a limited sample of obituaries. Despite the glee with which the corpses of Bitcoin are contemplated, however, cryptocurrency thrives because it continues to fill the …

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Central Banks Are Exploring Blockchain — but For Their Own Reasons

Despite the interest shown in decentralized ledger technology by central banks, cryptocurrencies continue to be mistrusted by the traditional financial system. This has been made apparent from comments by Andrew Bailey, the upcoming governor of the Bank of England, when addressing members of the United Kingdom Parliament at a Treasury Select Committee hearing on March …

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Vitalik Buterin Sees Future Currency in Decentralized Privacy Currency

With governments increasingly looking at launching their own digital currencies, you might worry that crypto just can’t compete with national financial infrastructures. Not so, says Ethereum co-founder Vitalik Buterin. Buterin spoke with Block TV podcast on March 4 about his predictions for the future of currency — specifically the fate of decentralization. He claimed that …

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Bank of England Warns Crypto Adoption May Impact Credit Creation

Jon Cuncliffe, the deputy governor for financial stability of the United Kingdom’s central bank, the Bank of England (BoE), has warned that the emergence of a cryptocurrency economy may weaken or eliminate bank credit issuance. In a speech delivered to the London School of Economics on Feb. 28, Cunliffe predicted that the integration of stablecoins …

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A Sea Change to Crypto Hits America, Again

</header> <strong>A sea change is coming to cryptocurrency in America. It is likely to hit in two separate waves: a central bank digital currency (CBDC) and draconian regulation that shuts down free-market activities, including development.</strong> Also Read: No Backdoor on Human Rights: Why Encryption Cannot Be Compromised The Wave of a Central Bank Digital Currency …

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JP Morgan: Digital Money Foundation Laid, Blockchain In Banking Years Away

A recent report by a Major United States bank JP Morgan Chase suggested that current blockchain developments are lying down the foundation for digital money, but adoption is still years away. A report published by JP Morgan on Feb. 21 suggests that the finance industry is moving beyond blockchain technology. Blockchain in banking still years …

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