The German Banks association representing more than 200 private commercial banks issued a statement on Oct 30 regarding their position on the crypto-based digital currency. As per the statement, German banks support digital euro currency and suggest the European Central Bank (ECB) work together with the banking industry to create...
Since the announcement of Facebook’s plans to launch a cryptocurrency project, Libra, it came under fire from policymakers around the world. Governments/regulators around the world are concerned that the new money system could endanger their monetary sovereignty and users’ data privacy. The events that followed after the announcement made one...
Since Facebook revealed their plans for Libra currency, governments around the world have raised their concern over it and fear it could threaten their monetary sovereignty. Today in Helsinki at the meeting of eurozone finance ministers, France’s Finance Minister Bruno Le Maire and his German counterpart, Olaf Scholz, said that...
China’s central bank becomes the first central bank to issue the state-backed digital currency. According to the former employee of one of the selected institutions, the following seven institutions will receive the digital currency- Industrial and Commercial Bank of China China Construction Bank Corporation Bank of China, Agricultural Bank of...
Retail giant Walmart is planning to develop their own blockchain-protected digital currency named ‘WMT’, a USD pegged stable coin. According to the patent filed on 2nd Aug 2019, the users of digital currency can buy goods/services at selected retailers/partners. Source: U.S. patent and trademark application database ID # US020190236564A1. The...
