Payments Dive

MAY 25, 2022

digital dollar would take $720 billion in deposits out of banks even if the central bank were to cap accounts at $5,000 per "end user," the American Bankers Association wrote in a letter.

CBDC 78

CBDC Fed Caps Central Bank 78

PYMNTS

OCTOBER 14, 2020

The central bank of Russia is seeking to place a yearly cap on the amount of cryptocurrency that retail investors can purchase, CoinDesk reported. Non-qualified investors wouldn’t be able to purchase over 600,000 rubles (approximately $7,740) per a proposal that the Bank of Russia released.

Caps 56

Caps Bitcoin Digital Currency Central Bank 56

PYMNTS

NOVEMBER 17, 2020

In other news, a previous Bank of Japan official said Japan will probably need many years to release a cryptocurrency because of different challenges, such as steps needed to stop large private bank deposit outflows from occurring, Reuters reported.

Debit Card 63

Debit Card Bitcoin Digital Currency NOV 63

PYMNTS

DECEMBER 31, 2020

That recent trading action far eclipses previous highs set just a few years ago when the peak was just under $20,000, with a market cap of more than $500 billion, per CoinMarketCap. PYMNTS is mindful here of the emergence of central bank digital currencies (CBDCs). Watch The Competition.

Bitcoin 135

Bitcoin Digital Currency Cryptocurrency Central Bank 135