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digital currency

EuropeFintechNews Roundup
·Nov. 16, 2016

Sweden’s Riksbank Looks to Issue National Digital Currency

The world's oldest central bank is now looking to the future; Riksbank is looking to issue a national digital currency as they have seen a 40% drop in use of notes and coins since 2009; they do not view the digital currency as a replacement for notes; the new currency would be viewed as complementary; challenges lie ahead as there is no blueprint for this; Cecilia Skingsley, deputy governor at the Riksbank, told the Financial Times, "This is as revolutionary as the paper note 300 years ago. What does it mean for monetary policy and financial stability? How do we design this: a rechargeable card, an app or another way?"  Source

 

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FintechNews RoundupUSA
·Oct. 13, 2017

Coinbase Announces Instant Purchases of Digital Currencies

In a blog on the company’s website David Farmer, Director of Communications, explained the ability for customers to instantly purchase digital currency using a US bank account; customers can now buy up to $25,000 and receive access to their digital currency immediately. Source.

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FintechNews RoundupUSA
·Jan. 8, 2019

Caution the Watch Word Regarding National Digital Currencies

According to a recent survey by the Bank of International Settlements, over 70 percent of central banks are studying central...
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FintechNews Roundup
·Mar. 6, 2019

Japan Banks Launching Digital Currency Platform

Mizuho along with 60 other banks are launching a new digital wallet called J-Coin Pay; the name implies that J-Coin...
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FintechNews Roundup
·Feb. 24, 2020

Former CFTC Chairman Says Fed Should Introduce a Digital Currency

Christopher Giancarlo, the former chairman at the Commodity Futures Trading Commission, said at a recent forum that the Federal Reserve...
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Asia/PacFinanceNews Roundup
·Nov. 16, 2016

China’s Central Bank Increases Digital Currency Efforts

The People's Bank of China is reportedly ramping up efforts to create a digital currency that would coincide with their paper currency; the currency released by the People's Bank of China will be legal currency and make use of special encrypted technology; there has been an effort within the central bank to create a digital currency since 2014; problems related to the right technology and deployment of the currency have persisted.  Source

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FintechNews RoundupUSA
·Nov. 30, 2017

NY Fed President Dudley Says U.S. Central Bank Could Explore Their Own Digital Currency

Federal Reserve Bank of New York President William Dudley said the U.S. central bank is starting to think about adopting its own digital currency; while talks are in their infancy Mr. Dudley does see the value in the technology behind bitcoin; he doesn’t see bitcoin being a rival to the dollar as it is currently to unstable. Source.

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FintechNews RoundupUSA
·Jan. 10, 2019

Fintech Funding Hits Record High in 2018

Fintech funding reached $11bn in 2018, a 38 percent jump year over year; banking startups focused on customer data, trade digital...
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FintechNews RoundupUSA
·Jan. 17, 2020

Former CFTC Officials Create a Digital Currency Think Tank

Christopher Giancarlo, the former head of the Commodity Futures Trading Commission, is creating the Digital Dollar Foundation to study converting...
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FintechNews RoundupUSA
·Mar. 4, 2020

Facebook Considers Changes to Libra

Facebook along with their partners are contemplating a redesign of Libra; the changes could include the network accepting multiple coins,...
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