Skip to content
digital money RSS
Bank of England: Digital Money and Central Bank Digital Currency
The Bank of England has published a Discussion Paper which aims to broaden the debate around new forms of digital money and seek views on the Bank’s emerging thoughts on... read more
The post Bank of England: Digital Money and Central Bank Digital Currency appeared first on Payments Cards & Mobile.
Europe pushing to be first with digital euro – but risks are real
Christine Lagarde, the head of the European Central Bank, appears serious about a digital euro. Barely a month after the central bank issued a major report on the topic, and opened a public... more
The post Europe pushing to be first with digital euro – but risks are real appeared first on Payments Cards & Mobile.
Digital currencies pose stability risk to Central Banks – BIS report
The Bank for International Settlements has warned Central bankers that they risk endangering the stability of the global financial system if they launch their own digital currencies in an effort to destroy competition from rivals from outside the official sphere. “A central bank digital currency could allow for ‘digital runs’ towards the central bank with [...]
The post Digital currencies pose stability risk to Central Banks – BIS report appeared first on Payments Cards & Mobile.
Regulation within cryptocurrency markets
According to Reuters: “Japan’s financial regulator said on Friday it had ordered all cyrptocurrency exchanges to submit a report on their system risk management, following the hacking of over half a billion dollars of digital money from Coincheck.” Whilst the whole premise of blockchain technology and cryptocurrencies revolves around it being essentially unhackable, the exchanges [...]
The post Regulation within cryptocurrency markets appeared first on Payments Cards & Mobile.
Nigerian Central Bank bans Bitcoin and virtual currency
The Central Bank of Nigeria (CBN) has barred deposit taking banks and all other financial institutions from the operation of any form of virtual currency. The warning by the Apex bank was contained in a circular by the CBN Director of Financial Policy and Regulation Department, Kevin Amugo. Virtual currency (VCs) such as bitcoin, ripple, magneto, [...]
The post Nigerian Central Bank bans Bitcoin and virtual currency appeared first on Payments Cards & Mobile.
