Category Archives: central banks

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Bitcoin Poses No Threat to Dollar, Federal Reserve Official Says

The post Bitcoin Poses No Threat to Dollar, Federal Reserve Official Says appeared first on CCN Bitcoin, whose ballooning market cap reached above $325 billion a month ago, is not a worthy opponent for fiat money, says Minneapolis Federal Reserve President Neel Kashkari. In fact, no single cryptocurrency could give the US dollar a run for… Read More »

The Bank of England is Entertaining its Own Official Cryptocurrency

The post The Bank of England is Entertaining its Own Official Cryptocurrency appeared first on CCN As originally reported by The Telegraph, the Bank of England may approve the creation of a state-sponsored cryptocurrency within the year. Just last year, the bank announced it had commissioned a theoretical currency, RS Coin, which could be used… Read More »

We’ll Study Bitcoin ‘Very Closely’: Philippine Central Bank

The post We’ll Study Bitcoin ‘Very Closely’: Philippine Central Bank appeared first on CCN A senior official from the Philippine central bank has urged caution among retail investors of bitcoin despite the bank’s generally accepting stance on cryptocurrencies. A year ago, bitcoin price struck $1,000 on January 1, 2017, and went on a meteoric rise… Read More »