IMF head Christine Lagarde says relevant actors “should consider the possibility to issue digital currency.”
Digital Currency News
Digital currency is a type of currency that has no physical form and only exists in digital form. Digital currencies include virtual money and cryptocurrency. This digital money may be used as traditional money to buy and sell goods, but with the allowance of instant transactions and borderless transfer-of-ownership. Digital money can be restricted to a certain community or be fully free for anyone to use. Digital money can also be decentralized or have a central authority over an emission process, can be backed by other currency or liquid asset, or work without any backing. Investing in digital currency has become very popular after the explosion of cryptocurrencies due to their volatility, which makes them a great speculation tool. Although digital currencies are useful and progressive, they are not yet widespread and most banks do not accept them.
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A dedicated focus group says that Israel’s central bank should “continue examining the field” prior to making a firm commitment in releasing a digital currency.
- Hodler’s Digest
Investment giant Fidelity is turning to digital assets services, and Steve Wozniak gets into blockchain.
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Dubai’s state-backed digital currency emcash will soon have its own payment system for goods, services, and other transactions.
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A Mongolian telecoms company will issue its own digital currency after getting formal approval from the central bank.
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The Bank of Thailand has revealed a major collaborative project to develop a wholesale Central Bank Digital Currency using R3’s Corda platform.
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The German Federal Ministry of Finance thinks issuing a central bank digital currency has too many unforeseen risks to justify its implementation.
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by Aaron Wood
Cambridge Analytica, the data consultancy firm accused of improper access the data of millions of Facebook users, may have been planning to develop its own digi...
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According to Andréa Maechler, a high-ranking representative of the Swiss National Bank, cryptocurrencies have advantages over government-issued digital currenci...
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Venture capital fundraising for Blockchain companies is set to exceed that of last year, having already reached 40 percent of 2017’s numbers in just two months.
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According to rumors, Tether and Friedman LLP, their auditor, have severed their relationship. Suspicion grows.
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by Guest Author
Singapore-based company intends to ease Digital Currency Converting.
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by Kira Egorova
The project plans to change the world of online games by introducing a utility token that can traverse multiple platforms and be converted to any cryptos or fia...
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Xapo CEO Wences Casares thinks BTC’s Blockchain could become the world’s only robust network for moving value
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