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Will The Pandemic Finally Get Central Banks Interested In Building Digital Currencies?

PYMNTS

The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. Patent and Trademark Office that would create a digital currency underpinned by blockchain technology. A central entity may implement a monetary policy and issue currency.

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Bitcoin Daily: Russia Wants Cap On Retail Crypto Investments; Public Company Crypto Holdings Top $6.8B

PYMNTS

The central bank of Russia is seeking to place a yearly cap on the amount of cryptocurrency that retail investors can purchase, CoinDesk reported. Investors need a net worth of over 6 million rubles (approximately $74,400) or have an economics degree to be a qualified investor.

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Swedish Krona Continues To Fall Amid Other Currency Upheavals

PYMNTS

The currency decline continues: The Swedish krona fell Wednesday (Aug. The decline comes amid political uncertainty in that Nordic country, the prospect of a widening trade war that could hurt it and increasing attention to the benefits of currency hedging among commerce and payments businesses. Such lows were last seen in 2009.

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Bitcoin Daily: BoE Economist Cites Benefits Of Digital Assets; Online Gamblers Choose Crypto To Cash Out; One Charged In $2M Crypto Theft

PYMNTS

Bank of England Chief Economist Andy Haldane advocated for the potential benefits digital currencies can offer in a recent speech given at TheCityUK 10th Anniversary Conference on Wednesday (Nov. The future of digital currencies, Haldane said, is uncertain and most likely varied. So far, that has not been the case.”.

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Budget 2022: Digital rupee from FY23

CFO News Room

Finance minister Nirmala Sitharaman said in the Budget speech that the introduction of a central bank digital currency (CBDC) will give a big boost to the digital economy. Digital currency will also lead to a more efficient and cheaper currency management system.

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Amazon?s Patrick Gauthier On How Retail Will Reinvent Itself And Recover

PYMNTS

The last several weeks have certainly made for unexpected and unprecedented times for consumers and all players in the retail ecosystem and left a lot of businesses standing at a crossroads as they face the back half of 2020 and questions about what to do next. In other words, trust has become a primarily valuable currency of late.

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Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand

PYMNTS

South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. Lawmakers’ discussions established that the virtual assets can be construed as electronic certificates of economic value. Proposed amendments to existing bills want to classify cryptocurrencies as goods rather than currencies.