Payments Source

FEBRUARY 8, 2017

China’s central bank is holding a closed-door meeting with several domestic bitcoin exchanges on Wednesday, people familiar with the matter said, heightening concerns that regulators will tighten their oversight of trading in digital currencies.

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Central Bank Bitcoin Digital Currency Regulations 60

Clearly Payments

AUGUST 24, 2024

World Bank data indicates that global remittances reached $794 billion in 2023. Over 15,000 businesses worldwide accept Bitcoin payments as of 2024. Digital cash, whether in the form of cryptocurrencies or central bank digital currencies (CBDCs) , promises to redefine the future of money.

Debit Card 105

Debit Card P2P Cross-Border Central Bank 105

PYMNTS

JULY 10, 2019

The European Central Bank (ECB) opened up about cryptocurrency and said it wouldn’t recognize it as an actual currency, according to reports. The bank also said it didn’t have any plans to put bitcoin into its reserves. The statement underpins the bank’s ongoing icy stance on cryptocurrency in general.

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Central Bank Bitcoin Cryptocurrency Push-to-Card 61

PYMNTS

JULY 16, 2020

In other news, Thailand’s central bank has arrived at the third step of its central bank digital currency (CBDC) formation and seeks to have greater use of the cryptocurrency by big companies, The Nation Thailand reported, citing a Bank of Thailand (BOT) official. million in bitcoin and $30,000 in U.S.

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Central Bank CBDC Credit Risk Bitcoin 59

PYMNTS

SEPTEMBER 15, 2020

District Court against four people for allegedly “fraudulently soliciting funds” from individuals to attempt to wager on changes in the price of bitcoin, according to a press release. Vitas Vasiliauskas , the governor of Lithuania’s central bank, told Bloomberg, “I’m curious how popular this is going to be among Governing Council members.”.

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Bitcoin Central Bank Scams Treasury 95

Fintech Review

APRIL 9, 2024

But now, there’s something new to consider: cryptocurrencies like Bitcoin. Unprecedented Diversification Opportunities Cryptocurrencies, with Bitcoin at the forefront, have quickly become essential components of diverse investment strategies, capturing the interest of investors across the globe.

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Cryptocurrency Bitcoin Returns Risk 52

PYMNTS

MAY 29, 2019

A European Central Bank ( ECB ) official is throwing his support towards wholesale central bank digital currencies (CBDCs). This is something fundamentally different from the current system in which the central bank debits and credits the accounts without transferring actual values.”.

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Central Bank Digital Currency CBDC Liquidity Risk 76

PYMNTS

JANUARY 11, 2021

The price of bitcoin kept going up and up and up for months — to a high of more than $40,000. CNBC reported that bitcoin (BTC), the largest cryptocurrency by market capitalization, fell over 12 percent from a day earlier, to as low as $30,863. Bitcoin has still gone up in price by 300 percent in the last 12 months.

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Cryptocurrency Bitcoin Caps Central Bank 91

Fintech Review

APRIL 9, 2024

But now, there’s something new to consider: cryptocurrencies like Bitcoin. Unprecedented Diversification Opportunities Cryptocurrencies, with Bitcoin at the forefront, have quickly become essential components of diverse investment strategies, capturing the interest of investors across the globe.

Cryptocurrency 52

Cryptocurrency Bitcoin Returns Risk 52

PYMNTS

MAY 27, 2020

But the question arises: Once they’ve been created and backed by central banks, what do you do with them once you have them? As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).

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Central Bank Digital Currency CBDC Settlement 57

PYMNTS

JANUARY 14, 2021

Bitcoin is about to get even more scrutiny by regulators, on a global stage. At least it seems so, if recent comments by European Central Bank President Christine Lagarde are any indication. As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide.

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Money Laundering Bitcoin Regulations Central Bank 61

PYMNTS

OCTOBER 9, 2020

Beyond bitcoin – that marquee name of crypto and its brethren, which have yet to escape wild price swings and speculative fervor – lies the prospect of CBDCs. Korea’s central bank is seeking partners for its central bank digital currency pilot for a digital won. Fed, the Swiss National Bank and others.

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Digital Currency Central Bank CBDC Federal Reserve 70

PYMNTS

APRIL 21, 2020

The Central Bank of Argentina (BCRA) is trying out blockchain in a new clearing system, and the technology could eventually be used by other large banks, according to CoinDesk. The technology is based on the RSK Smart Contract Network, and IOV made it in connection with the central bank and others, like Santander and BBVA.

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Central Bank Returns Blockchain Cryptocurrency 72

PYMNTS

DECEMBER 10, 2019

Policymakers at the European Central Bank (ECB) will meet in Frankfurt on Wednesday (Dec. Lagarde has vocalized that she favors central banks releasing electronic money. Bank of England Governor Mark Carney has even implied that an international central bank coin could supersede the U.S.

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Central Bank Digital Currency Federal Reserve Stablecoins 54

PYMNTS

JUNE 24, 2020

In other news, the oldest central bank globally, Riksbank of Sweden, has examined the feasibility of central bank digital currencies (CBDC) and found the pros and cons between different models, CoinDesk reported.

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Central Bank Digital Currency Scams CBDC 67

Finextra

FEBRUARY 22, 2024

Senior payments experts at the European Central Bank have billed the SEC's approval of spot exchange-traded funds (ETF) for bitcoin as an example of the 'naked emperors new clothes', legitimising a currency whose fair value as an asset is effectively zero.

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Central Bank Regulations Bitcoin Payments 97

PYMNTS

DECEMBER 27, 2020

The price of bitcoin has passed $28,000 on Sunday (Dec. In a continuing showing of the strength of the cryptocurrency, bitcoin is now valued at $500,000, according to the report. bitcoin has become available at over 16,000 ATMs in December of this year, a press release from East London-based cryptocurrency company BitcoinPoint says.

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CBDC Bitcoin Digital Currency Cryptocurrency 101

PYMNTS

MAY 24, 2018

Bitcoin dropped below the $8,000 level on Wednesday (May 23), MarketWatch reported. But bitcoin wasn’t alone: Other major cryptocurrencies fell more than 10 percent. And the central bank of Norway is considering creating its own digital currency, CoinDesk reported. The cryptocurrency was $7,522.24 as of 8:03 p.m.,

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Digital Currency Central Bank Bitcoin Scams 40

PYMNTS

JUNE 18, 2019

Russia’s central bank might one day launch its own digital currency. Chairwoman Elvira Nabiullina said that, while such a project “cannot be realized immediately,” the bank is looking into it. According to The Citizen , “Bitcoin Wallet” promises returns of 100 percent in 15 days. she asked.

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Digital Currency Central Bank Bitcoin Cryptocurrency 53

PYMNTS

MARCH 16, 2020

Authorities in the country had taken bitcoin mining off of a listing of undesirable industries, but bitcoin and digital currency trading was prohibited there. The company had notified police when it saw surprising activity levels throughout many of its computers.

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Bitcoin Digital Currency Central Bank Money Laundering 97

The Paypers

AUGUST 20, 2021

The Monetary Authority of Singapore (MAS) has announced it is planning to change how money moves across borders using Central Bank Digital Currencies (CBDC) inspired by Bitcoin.

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Authorization Bitcoin CBDC Digital Currency 65

PYMNTS

DECEMBER 30, 2020

At a time when 90 percent of Americans have never owned bitcoin and nearly 70 percent say they have no plans to do so in the future, the thought of widespread adoption and usage of cryptocurrency seems to be a distant prospect for most people. Bitcoin is awesome. Ternio CEO Daniel Gouldman , however, is not one of them. “I Baby Steps

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Fed Bitcoin Digital Currency Cryptocurrency 107

PYMNTS

MAY 29, 2020

Bitcoin : not worth much – except what someone else is willing to pay for it. Goldman Sachs’ withering assessment of bitcoin this week may be enough to take some wind out of the sails of those who have been looking for the marquee name in crypto to find its way into mainstream commerce.

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Bitcoin Wire Transfer ACH Network Money Laundering 74

PYMNTS

AUGUST 5, 2020

Bitfinex announced a reward for anyone who can put the cryptocurrency exchange in touch with the hackers who made a transfer of nearly 120,000 bitcoins in 2016, according to a statement. Bitcoin prices have rocketed by nearly 60 percent in 2020. The price of bitcoin was $11,204.20 as of 7:48 p.m. Eastern Time on Tuesday (Aug.

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Federal Reserve Bitcoin Cryptocurrency Digital Currency 64

PYMNTS

MARCH 22, 2019

Agustin Carstens, the general manager at the Bank for International Settlements , said that banks shouldn’t issue their own bitcoin-like tokens because it could undermine global financial stability, as well as monetary policy, according to a report by Bloomberg.

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Bitcoin Central Bank Cross-Border Payments Digital Currency 69

PYMNTS

NOVEMBER 30, 2020

When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Bitcoin is like a [crypto] 101 version. Wanted: Big Backers And Government Support.

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Bitcoin Cryptocurrency PayPal Privacy 117

PYMNTS

APRIL 21, 2019

Afghanistan is looking to boost its ailing economy with bitcoin. Sediq explained that bitcoin could be used with a form of metals future, such as lithium, adding that the value of Afghanistan’s mineral reserves is estimated at more than $3 trillion. In the meantime, Afghanistan isn’t the only country looking into bitcoin.

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Bitcoin Economy Blockchain Central Bank 81

PYMNTS

NOVEMBER 12, 2020

In other news, the price of bitcoin exceeded the $16,000 price level on Thursday for the first time in nearly three years, CNBC reported. Bitcoin last exceeded the $16,000 price point on Jan. The price of the cryptocurrency was $16,301.03 as of 7:17 p.m.

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Stablecoins Bitcoin Digital Currency CBDC 110

PYMNTS

JUNE 21, 2019

The head of Germany’s central bank warned about stablecoins, which are cryptocurrencies tied to traditional currencies, according to a report by Reuters. Jens Weidmann said that if the new currency becomes widely used, it could undermine banks.

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Central Bank Money Laundering Stablecoins Digital Currency 59

PYMNTS

DECEMBER 26, 2019

The Bank of Russia has been testing stablecoins that are attached to real assets, according to reports. The head of the bank, which is Russia’s central bank, said just because they’re testing the coins doesn’t mean they will eventually turn into a money substitute. “We Meanwhile, on Jan.

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Stablecoins Central Bank Rules Bitcoin 52

PYMNTS

NOVEMBER 17, 2020

Bitcoin is briskly getting close to the peaks that brought about a crypto madness and concluded with a dramatic market downfall nearly three years prior, Bloomberg reported. Digital currency enthusiasts have been witnessing bitcoin rise all year, and a number of them are targeting the December 2017 high of nearly $20,000.

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Debit Card Bitcoin Digital Currency NOV 63

Payments Source

JANUARY 9, 2017

Bitcoin extended Friday’s tumble amid concern China will tighten rules on the digital currency to curb capital outflows.

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Bitcoin Central Bank Digital Currency Rules 60

PYMNTS

AUGUST 23, 2018

Bitcoin got a jump, spiking more than $400 to about a two-week high and nearing $7,000. In Thailand, headlines showed that the country’s central bank will issue its own digital currency. In Thailand, headlines showed that the country’s central bank will issue its own digital currency.

Central Bank 41

Central Bank Distributed Ledger Technology (DLT) Bitcoin Accounts 41

Payments Source

FEBRUARY 1, 2018

The South Asian nation’s income tax officials had started investigations into transactions at various illegal bitcoin exchanges in December, soon after the country’s central bank cautioned users about potential risks.

Bitcoin 67

Bitcoin Central Bank Blockchain Risk 67

PYMNTS

DECEMBER 13, 2017

The central bank of Australia is in the midst of considering whether to create bank notes using blockchain, according to news from The Financial Times. The bank notes would, in turn, be distributed by financial institutions.

Central Bank 43

Central Bank Electronic Banking Bitcoin Blockchain 43

Fintech Review

APRIL 24, 2024

“CBDCs” or Central Bank Digital Currencies are gaining significant traction. They represent the digital form of a nation’s official currency, issued and regulated directly by the central bank. The Advantages of CBDCs CBDCs promise to significantly enhance the efficiency of financial transactions.

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Central Bank CBDC Cross-Border Payments Cross-Border 91

PYMNTS

JUNE 5, 2017

Russia is getting more into digital currency with the central bank in the country launching tests of several digital currency schemes. According to a report in Reuters, the idea is to figure out which one would be the best for Russia, Olga Skorobogatova, the deputy chairwoman of the central bank, told TASS news agency late last week.

Digital Currency 40

Digital Currency Central Bank Financial Literacy Online and Mobile Banking 40