Owners of Pay Pal accounts from the US at the beginning will be able to buy, sell and hold cryptocurrencies in their Pay Pal wallets in the following weeks according to Reuters. Later on Pay Pal clients in third countries will also be able to make transactions with cryptocurrencies and starting 2021 Pay Pal customers
The Central European Bank has issued this month a report on the possible issuance of a digital euro -– an electronic form of central bank digital currency (CBDC) accessible to all citizens and firms, introduced alongside cash, it would not replace it. ECB considers “a digital euro would create synergies with private payment solutions and
The European Commission adopted on 24th of September a digital finance package which includes a digital finance strategy and legislative proposals on crypto-assets not regulated before like ‘stable coins’. The objective is to promote a competitive financial sector giving consumers access to innovative financial products ensuring consumer protection and financial stability. The digital finance strategy
The governor of the Central Bank of Sweden – Stefan Ingves declared that at the beginning of 2020 Riksbank has started a pilot project to analyse the technology needed to launch the Digital Swedish Crown. Currently in Sweden only around 1% of the GDP is constituted of physical money, the digital payments being preferred by
The Office of the Comptroller of the Currency from Washington, D.C. released a letter confirming that the banks and savings associations in U.S. are authorised to provide cryptocurrency custody service for their customers. OCC said that “we conclude a national bank may provide these crypto-currency custody services on behalf of customers, including by holding the
The Central Bank of Lithuania is making preparations to issue the first digital coin in the Euro-Zone according to Reuters. “No one in the central bank community was thinking about digital currency seriously before we realized that there is a legitimate threat that someone else will take our space,” declared Marius Jurgilas – deputy governor
China seems to be in the forefront of e-currency implementation and has started trialling payments with its digital currency – e-RMB in four major cities including Shenzhen, Chengdu, Suzhou and Xiong’an. Some of the money were distributed in the form of subsidies for transport and in Xiang’on will be also used for food and retail.
Ripple just announced they raised $ 200 mil. in a series C financing round from Tetragon, SBI Holdings and Route 66 Ventures raising the company valuation to a record $ 10 billion Euros. Their cryptocurrency XRP raised 3% after the announcement to $ 0,19, much below the record of $ 3 from January 2018. The
The Swiss Blockchain Federation issued on 12th Dec the Circular 1/2019 Tokenized Equity containing the Guidelines for Issuers of Equity and Related tokens. The Circular offers detailed guidelines regarding various aspects implied by the issuance of equity and equity-like instruments (digital tokens) considering that tokenization of assets is very important for capital raising and could
According to French newspaper Les Echos, the central bank of France intends to test a central bank digital currency (CBDC) reserved only for financial institutions next year. This will be the first digital currency launched by a central bank in Europe. “We intend to start experimenting quickly and launch a call for projects (for private
