Sentences with phrase «national digital currency»

An official with Japan's central bank has weighed in on the topic of national digital currencies, raising questions about the ripple effects that these instruments might create in a country's financial system.

One more nation, South Africa, is making the first step of migration to a fully digital economy, speaking about offering their own national digital currency based on blockchain technology.

If governments look to create national digital currency we'd be very happy to look at those in a more favourable way [compared with existing cryptocurrencies].

One more nation, South Africa, is making the first step of migration to a fully digital economy, speaking about offering their own national digital currency based on blockchain technology.

MasterCard is open to the idea of using future national digital currencies issued by Central banks, according to co-Chairman of Mastercard Asia / Pacific.

Venezuelan President Nicolas Maduro plans to follow through with his new national digital currency, the petro, by issuing 100 million units of the new currency.

enezuela has offered India a 30 - percent discount on crude oil purchases, but only if India agrees to pay in El Petro, the cryptocurrency that Venezuela is touting as the first national digital currency backed by crude oil reserves.

As Ethereum evolves into a more flexible and functional network, it would allow central banks such as the People's Bank of China (PBoC) and Bank of Russia to consider the actual possibility of building serious applications and even national digital currencies on top of the Ethereum protocol.

Although technical specifications and details of the Russian central bank's national digital currency project remains undisclosed, in 2016, the Bank of Russia announced the development of an Ethereum - based interbank blockchain prototype called Masterchain.

Mastercard Asia - Pacific co-president Ari Sarker has opined that the world's second - biggest payments company would be «very happy to look at» supporting national digital currencies that are issued and backed by central banks.

«If governments look to create national digital currency we'd be very happy to look at those in a more favorable way [compared with existing cryptocurrencies],»

Even governments have been getting on board, with crypto - friendly regulations being drawn up by the likes of Switzerland and a number of countries either launching or in the planning phase of having their own national digital currency.

President Nicolas Maduro of Venezuela has announced the creation of a new national digital currency — the Petro.

Prominent figures of other governments, including those of Russia, Israel, China, and Venezuela, have floated the idea of a national digital currency, though some Venezuelan parliamentarians have opposed the «petro's» issuance.

President Nicolas Maduro recently announced that Venezuela is launching a national digital currency called the petro, similar to bitcoin.

South Africa Looks to Digital Currency There are many advantages to nation - states, both stated and unspoken, to head in the direction of a national digital currency.

About a week earlier, a Russian legislator had submitted a bill proposing a national digital currency called the cryptoruble.

On March 22, Jesse Lund, IBM's head of blockchain solutions for financial services, said that the central bank of at least one country, which has been coordinating with his firm, would be launching a national digital currency in the near future.

Tunisia to Replace Its National Digital Currency, eDinar, With Blockchain - Driven Monetas Currency

Similarly, it's been speculated that the PBOC may introduce a national digital currency as a sort of gateway to cryptocurrency: This would allow the central bank to better track the flow of funds in and out of bitcoin in order to counter money laundering and capital flight.

In the meantime, the government of Ecuador is rolling out its national digital currency.

Earlier this week, Cointelegraph revealed that Russian President Vladimir Putin approved the launch of CryptoRuble, a cryptographically - secured state - issued national digital currency.

China, originally counted amongst the countries rejecting the use of cryptocurrency, has now begun testing the incorporation of a national digital currency to be used alongside its fiat currency.

This new currency aka «national digital currency» is expected to be based on blockchain technology.

Then again, it could make more sense to introduce such a national digital currency as a substitute for Bitcoin, once Bitcoin is effectively banned, as suggested by ZeroHedge.

Similarly, it's been speculated that the PBOC may introduce a national digital currency as a sort of gateway to cryptocurrency: This would allow the central bank to better track the flow of funds in and out of bitcoin in order to counter money laundering and capital flight.

Tags: Big Brother, bitcoin, bitcoin news, China, cryptocurrency, cryptocurrency news, finance, government, national digital currency, technology, technology news

However, the piece did emphasize that a central bank - backed cryptocurrency is possible, echoing remarks made by People's Bank of China chairman Zhou Xiaochuan, who last week said it was «inevitable» that the country would one day have a national digital currency of its own.

In 2017, multiple governments around the world announced that they were considering implementing a national digital currency.

«If governments look to create national digital currency we'd be very happy to look at those in a more favorable way [compared with existing decentralized cryptocurrencies].»

South Africa Looks to Digital Currency There are many advantages to nation - states, both stated and unspoken, to head in the direction of a national digital currency.

Probably the biggest news regarding cryptocurrencies in the region, however, was when reports began circulating that China has begun testing a prototype of its own national digital currency.