Tagged: virtual currencies

The Official Monetary and Financial Institutions Forum (OMFIF) Establishes Digital Monetary Institute

The Official Monetary and Financial Institutions Forum (OMFIF), an independent think tank organization focused on central banking, economic policy, and public investment, recently established the Digital Monetary Institute. The Institute aims to serve as a high-level group that brings together policymakers, tech specialists, financiers and regulators… Read More

Bitcoin (BTC) Remains a Widely-Used Cryptocurrency for Dark Web Transactions, a New Report Claims

A recent report from Rand (Research And Development) Corporation, an American non-profit global policy think tank that’s funded by the US government (and private endowment corporations, universities, and private individuals), claims that Bitcoin (BTC), the flagship cryptocurrency, is being used to carry out a relatively… Read More

CBDCs: Reserve Bank of the Netherlands Plans to Play a “Leading Role” in Developing National Digital Currencies

The reserve bank of the Netherlands, De Nederlandsche Bank, recently revealed that it’s planning to play a key role in the ongoing development of central bank digital currencies (CBDCs). As mentioned in a notice published on April 21, 2020, the Dutch central bank said that… Read More

South Korea’s Tax Authorities Recommend Imposing a Low-Level Trading Tax on Capital Gains Made from Cryptocurrency Transactions

South Korea’s tax authorities have advised the nation’s government to impose a low-level trading tax on capital gains made from digital currency trading before requiring Korean residents to pay a transfer income tax.  South Korea’s government will be introducing its new tax reform plan later… Read More

CBDC: Bank of Canada Is Considering Introducing its Own Virtual Currency

The Bank of Canada might not have any concrete plans for introducing a digital currency anytime soon, however, the nation’s reserve bank says it’s not completely ruling out the idea of issuing its own virtual currency. It might become necessary to issue a central bank… Read More

CBDC: Bank of Japan’s Deputy Governor Masayoshi Amamiya Confirms Reserve Bank has No Immediate Plans to Launch Its Own Virtual Currency

The Bank of Japan (BoJ), the nation’s central bank, has been working on a virtual currency project for several years. The BoJ must be prepared to issue digital currencies if technical innovations in international settlement systems will increase consumer demand, the bank’s deputy governor noted… Read More

World Economic Forum Establishes Consortium Focused on Creating Governance Framework for Virtual Currencies

The World Economic Forum (WEF) has established what it says is the world’s first ever global consortium focused on creating a framework for the transnational governance of virtual currencies, which include stablecoins (digital currencies that are usually pegged to national fiat currencies). According to a… Read More

Send this to a friend