© Reuters The Central Bank of Russia has indicated that the upcoming launch of its central bank digital currency (CBDC), the digital ruble, is not expected to eclipse other non-cash and cash payment methods. Alla Bakina, director of the bank’s national payment system department, shared this perspective during a webinar reported by Interfax news agency.
© Reuters. FILE PHOTO: Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration//File Photo (Corrects to add dropped word ‘the’ in paragraph 1) By Marc Jones LONDON (Reuters) -A milestone move by the European Central Bank toward launching a digital euro within a few years means the time has come for
© Reuters. FILE PHOTO: Euro currency bills are pictured at the Croatian National Bank in Zagreb, Croatia, May 21, 2019. REUTERS/Antonio Bronic/File photo By Anne Kauranen HELSINKI (Reuters) – A digital euro would allow consumers in Europe to pay with central bank money but it would not be an investment object similar to cryptocurrencies, Bank
© Reuters. The European Central Bank (ECB) is making strides towards a digital euro, but the initiative is encountering delays due to privacy concerns surrounding small transactions. The European Data Protection Board (EDPB), led by Deputy Chair Irene Loizidou Nicolaidou, has advocated for the inclusion of a privacy limit in the upcoming legislation. This would
Share: NIO stock gives back early gains reaped on deregulation of cross-border data. China’s Cybersecurity Administration has reduced scrutiny of non-personal data. Hang Seng index closes 2.5% higher on the news. US Core PCE data for August shows inflation slowing, boosts US stocks. Nio (NIO) stock rose 1.2% early Friday, to $9.02 but
© Reuters. In a significant move towards digitization, the European Central Bank (ECB) under the leadership of Christine Lagarde has proposed a legal structure for the introduction of a Central Bank Digital Currency (CBDC) across the 20 member states of the Eurozone. The ECB aims to roll out the digital euro by 2027, as reported
© Reuters. The Bank of Mauritius is currently experimenting with the launch of a digital rupee, as confirmed by its Governor Harvesh Seegolam at the Bloomberg Financial Forum on Wednesday. This development is part of the central bank’s initiative to modernize its financial services sector and position itself as a multinational treasury headquarters hub. The
© Reuters. FILE PHOTO: Agustin Carstens leaves after G-20 finance ministers and central banks governors family photo during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas/File Photo By Marc Jones LONDON (Reuters) – Developing national digital currencies are at risk due to a lack of legal powers to issue them
No comments on monetary policy Fed is ‘a long way’ from any decision on CBDC Would only proceed with clear support of executive branch and legislation from Congress Says he remains ‘deeply concerned’ about stablecoin issuance without strong federal oversight There’s nothing to move markets here. لینک منبع : هوشمند نیوز
© Reuters. FILE PHOTO: Federal Reserve Board Vice Chair for Supervision, Michael Barr, testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing in the wake of recent bank failures, on Capitol Hill in Washington, U.S., May 18, 2023. REUTERS/Eve By Pete Schroeder WASHINGTON (Reuters) -The Federal Reserve’s top regulatory official said on Friday
