Search Results for: Wholesale

‘Panic of 2023’: James Corbett Explains How Bank Crisis Could Lead to CBDC ‘Nightmare of Total Monetary Control’

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Investigative journalist James Corbett has recently referred to the ongoing global banking crisis involving SVB, Banco de firmas, Credit Suisse and others as the “Panic of 2023,” drawing comparisons to what he views as historical precedents, and pointing ahead to an inevitable…

Reporte: Nigerian Central Bank Spent Over $1.8 Billion Managing Local Currency

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During her appearance before Nigerian lawmakers, Aisha Ahmad, the deputy governor of the Central Bank of Nigeria (CBN), told lawmakers that out of the nearly $1.8 billion used to manage the local currency, sobre 90% of this total was reportedly used…

US Lawmakers Say Any Digital Dollar Must Be Open, Permissionless, and Private

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Nine U.S. lawmakers have raised concerns regarding the U.S. central bank digital currency project led by the Federal Reserve Bank of Boston. The lawmakers stressed: “Any U.S. CBDC must be open, sin permiso, and private.” Congressmen Say Any US CBDC Must Be…

RBI Begins First Retail Digital Rupee Pilot in 13 Indian Cities With 8 Banks

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banco central de la india, el Banco de la Reserva de la India (carreras impulsadas), is launching its first retail digital rupee pilot on Dec. 1 with the participation of eight banks. The pilot will start in four cities and then expand to cover nine more cities…

Australia suspende la licencia de servicios financieros de la entidad local FTX

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Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19 in order to terminate…

Indian Central Bank RBI Begins First Digital Rupee Pilot Today

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banco central de la india, el Banco de la Reserva de la India (carreras impulsadas), is launching its first digital rupee pilot on Nov. 1. with the participation of nine banks. “Settlement in central bank money would reduce transaction costs by pre-empting the need for settlement guarantee…

Hong Kong presenta prototipo de moneda digital, proyecto oro

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Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail…

China ampliará las pruebas de yuanes digitales en ciudades piloto a nivel provincial

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Porcelana’El banco central del país tiene la intención de ampliar el área cubierta por las pruebas de su moneda digital yuan en cuatro regiones del país.. Un alto representante de la autoridad monetaria anunció la medida al tiempo que destacó que el Pueblo’s Bank has been stepping…

Michael Saylor Publishes Open Letter Discussing the ‘Sheer Volume of Misinformation’ Tied to Bitcoin

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The Microstrategy executive Michael Saylor is a big believer in Bitcoin as his company has purchased close to 130,000 bitcoin during the last few years. Six days ago, los Estados Unidos. Office of Science and Technology Policy published a report that claims…

Digital Real Will Be Used by Banks in Brazil as Collateral to Issue Their Own Stablecoins

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The Brazilian central bank digital currency (CBDC), the digital real, will be more of a wholesale asset instead of a public retail-focused token, according to statements from the president of the Central Bank of Brazil, Roberto Campos Neto. Campos Neto indicated…