‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS
Stablecoins lack crucial mechanisms that guarantee money market stability in fiat, and an operational model that gave regulatory control to…
Tag: #Central Bank
Singapore introduces five new pilots to test asset tokenization
The Monetary Authority of Singapore (MAS) has introduced five additional industry pilots into the Project Guardian to test various use…
Bitcoiners pitch draft bill to preserve blockchain, decentralization in Argentina
Non-government organization Bitcoin Argentina presented a draft bill proposing to regulate the cryptocurrency market in a way that preserves decentralization…
Bug in Fed’s payment system prevents bank customers from getting paid
Some of the largest United States banks are not able to facilitate customers deposits after one of the Federal Reserve’s…
Swiss wholesale CBDC pilot kicks off in alliance with central, commercial banks
The Swiss National Bank (SNB), six commercial banks and the SIX Swiss Exchange will work together to pilot the issuance…
Bitcoin beyond 35K for Christmas? Thank Jerome Powell if it happens
Historically, a Santa rally happens in the weeks leading up to Christmas when a collective sense of goodwill bleeds into…
Hong Kong advances CBDC pilot, bringing e-HKD trials to Phase 2
The Hong Kong Monetary Authority (HKMA) is gearing up for the second phase of the e-HKD (e-Hong Kong dollar) pilot…
‘I don’t own Bitcoin, but I should’ — legendary investor Druckenmiller
Billionaire investor Stanley Druckenmiller praised Bitcoin (BTC) for establishing a “brand” over last decade and half — admitting while he…
Central banks want to look under crypto’s hood — Is this a positive sign?
The Bank for International Settlements’ (BIS) Project Atlas report offers yet another indication that the worlds of crypto and traditional…
South Korean exchange Upbit gets initial license nod from Singapore
The Singapore entity for Upbit, South Korea’s largest exchange by volume, has been given in-principal approval for a Major Payment…