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central banks
China's Central Bank 'Worried' Stablecoins Pose Risk to Financial System
Global stablecoins "may bring risks and challenges to the international monetary system," said PBOC's Fan Yifei.
BIS Says Bitcoin Has Few Redeeming Attributes
Cryptocurrencies are "speculative assets rather than money" used in many cases to facilitate financial crime, the central bank organization said.
Tanzania's President Urges Central Bank to Prepare for Crypto
The president's speech follows El Salvador's adoption of bitcoin as legal tender.
Argentina Is Investigating 9 Fintech Firms for Unauthorized Crypto Offerings
If the BCRA confirms its suspicions, it will initiate criminal complaints against the companies.
Bank of England Releases Discussion Paper on Stablecoins, CBDC
The paper focuses on the effects of private stablecoins on the cost and availability of lending and the challenges for monetary policy.
Irish Central Bank Official Says Crypto's Popularity Is 'Great Concern'
Derville Rowland, director general of financial conduct at the regulator, warned that investors could lose all their money.
CEO Piyush Gupta: DBS Bank Thinks of Itself as Tech Company Offering Financial Services
During a pre-recorded speech at Consensus 2021, CEO Piyush Gupta noted the launch of DBS Digital Exchange and its upcoming fixed income token, the demand for digital assets from high-net-worth individuals and how its new platform could be vital to sending CBDCs (central bank digital currencies) across countries and central banks.
PayPal Exec: Most Central Banks Don't Have Appetite to Own Technology
During a 1:1 session at Consensus 2021, PayPal's VP & GM, Blockchain, Crypto and Digital Currencies, Jose Fernandez da Ponte, believes central banks know what they are doing on the technology side but doesn't think they have an appetite to own the technology stack and handle millions of consumer accounts.
Iran's Central Bank Reportedly Bans Trading of Crypto Mined Abroad
The move is said to be an attempt to stop capital flight from Iran.
Who Will Win the Race to Offer Crypto Services?
Securrency Chief Strategy Officer Patrick Campos on banks investing in the company and the larger implications for big banks and financial institutions racing to offer crypto services.