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European Central Bank: Digital Euro for Payments Only, Not Investment or Holding 

European Central Bank: Digital Euro for Payments Only, Not Investment or Holding 

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A digital Euro CBDC will be “designed for making payments, not for investment,” explained Ulrich Bindseil, Jürgen Schaaf, and Executive Board member Piero Cipollone in a blog post on Feb. 19. They added that many banks worry their customers might withdraw deposits to hold digital Euros instead. “These fears are misplaced,” they stated. The ECB […]

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Russia’s Central Bank Exploring Use of Crypto, CBDCs with BRICS Allies

Russia’s Central Bank Exploring Use of Crypto, CBDCs with BRICS Allies

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Last updated: January 29, 2024 21:54 EST | 1 min read The Governor of Russia’s Central Bank says she is speaking to BRICS member states about using “digital currencies” to power international trade. Per RIA Novosti and 1Prime, the bank’s long-serving Governor Elvira Nabiullina said the Central Bank was “currently holding consultations with friendly countries,

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Nigerian Central Bank Lifts Ban Restricting Banks From Servicing Crypto Clients

Nigerian Central Bank Lifts Ban Restricting Banks From Servicing Crypto Clients

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The Central Bank of Nigeria (CBN) has lifted a ban preventing banks from operating accounts for cryptocurrency service providers in the country. According to a December 22 circular sent to banks, the affected financial institutions can now open accounts for Virtual Assets Service Providers (VASPs) registered with the Securities and Exchange Commission (SEC) in line with

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Pro-Bitcoin, Central Bank Critic Javier Milei Wins Argentina’s Presidential Elections

Pro-Bitcoin, Central Bank Critic Javier Milei Wins Argentina’s Presidential Elections

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Source : X / @JMilei In a decisive win during Argentina’s presidential run-off on November 19, pro-bitcoin and far-right populist candidate Javier Milei clinched victory with over 55% of the votes, boasting a substantial lead of nearly 3 million votes, according to Bloomberg data. Milei has taken a strong stance against the country’s central bank,

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European Central Bank Moves Forward on CBDC Project After Concluding 2-Year Research Phase

European Central Bank Moves Forward on CBDC Project After Concluding 2-Year Research Phase

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On October 18, the ECB Governing Council stated that it had decided to move to the next phase of the digital euro project. The move into the preparation phase for a potential European CBDC follows the completion of a two-year investigation phase. The preparation stage will start on November 1 and will initially last two

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