JPMorgan CEO Says BTC Is Fraudulent, a ‘Pet Rock;’ Bank of America Says CBDCs Are ‘Natural Evolution’ — Bitcoin.com News Week in Review
JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin, lately calling it a “hyped-up fraud,” and a “pet rock.” For it’s half, Bank...
Saudi Central Bank Says Ongoing CBDC Experiment Focused on Domestic Wholesale Use Cases
Saudi Arabia’s central financial institution digital foreign money (CBDC) experiment, which is being carried out along side native banks and fintechs, is presently targeted on...
Nigerian Banks Still Distributing Old Naira Banknotes as Demonetization Date Approaches
With just some days left earlier than previous Nigerian naira banknotes are faraway from circulation, some banks have accused the Central Bank of Nigeria of...
China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs
The firm growing China’s blockchain community needs to create a system for worldwide settlements with stablecoins and state-issued digital currencies. The plan is to determine...
Davos 2023: CBDCs Are the Future of Central Bank Money however They Are Still Not Ready
A World Economic Forum (WEF) panel comprised of central bankers and international tech suppliers has profiled central financial institution digital currencies (CBDCs) as the way...
Davos 2023: Banking Panel Reinforces the Need for Crypto Regulation
A gaggle of world banking specialists hosted by the World Economic Forum (WEF) convened concerning the want for international crypto regulation, together with stablecoins and...
Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy
The ministers of finance of the international locations within the eurozone reaffirmed their assist for efforts to organize for the potential launch of a digital...
Shanghai Metaverse Pilot Introduces Digital Services in 20 Urban Locations
The metropolis of Shanghai is bringing metaverse actions to twenty city areas, that can permit residents to make use of digital instruments in several methods...
Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil
Tehran and Moscow are discussing the attainable launch of a stablecoin for worldwide settlements, the Russian press revealed. In order to mint the gold-backed forex,...
Tanzanian Central Bank Adopts ‘Phased and Risk-Based Approach to Adoption of CBDC’
After months of analysis, the Tanzanian central financial institution introduced lately that it had chosen a extra cautious and risk-based strategy in direction of the...