Taiwan’s central bank is working on developing a central bank digital currency (CBDC) but does not have a clear timeline for when it will be ready for public release, Reuters reported, citing the regulator’s governor, Yang Chin-long. CBDC pilot is already well underway The central bank disclosed that a pilot scheme involving the use of…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! As recently as last year, Singapore was positioning itself to become a global crypto hub. But with the downtrend and the liquidity crisis in the market, regulators are hardening their stance. Sopnendu Mohanty, chief fintech officer of the Monetary Authority of…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The Federal Reserve views stablecoins as an area of concern due to the recent strain on the digital assets, noting that this has highlighted the “structural fragilities in that rapidly growing sector.” In a June 17 monetary policy report, the agency…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! In drumming up interest for this year’s Bank of International Settlements (BIS) Annual Report, General Manager Agustin Carsten said, “the soul of money is trust,” about Central Bank Digital Currencies (CBDCs). Coming soon: the BIS Annual Economic Report 2022 will outline…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The Bank of Israel has joined hands with the Hong Kong Monetary Authority to test a new central bank digital currency (CBDC), Bloomberg News reported on June 16. The project is scheduled to start in Q3, the publication reported, citing the…
To explore the increased digitalization of the global payment system, Crypto dot com commissioned an extensive report that explores to which extent digital payments are trusted by consumers and institutions. Economist Impact surveyed 3,000 people and 150 institutional investors and corporate treasury managers to find out what barriers may exist to currencies becoming predominantly digital….
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Three Chinese provinces have announced plans to disburse roughly 90 million yuan among citizens in the form of digital yuan (e-CNY) in “red packets” to restart the country’s economy following multiple Covid-19 lockdowns, according to local media reports. Red packets are…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The U.S. is looking to bar Google and Apple from supporting applications that allow payments in China’s digital yuan (eCNY). Republican Senators Tom Cotton, Marco Rubio, and Mike Braun sponsored a bill that seeks to prohibit companies that operate app stores…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Lael Brainard, Vice-Chair of the Federal Reserve, believes a U.S. central bank digital currency (CBDC) could help maintain the financial system stability and prepare the country for the future. Her comments are part of a testimony released ahead of her appearance…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! What happens when a government defaults on its ability to pay debt? On April 18th, Sri Lanka missed its deadline to pay $78 million in global bond payments. Now, the country is on a trajectory of the biggest default in its…