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Digital Assets Market Update 12 August 2019

Digital Assets Market Update 12 August 2019

Latest news and updates from the digital assets market

Chess Grandmaster Garry Kasparov Supports Bitcoin as Tool for Human Rights and Financial Autonomy

Chess Grandmaster Garry Kasparov Supports Bitcoin as Tool for Human Rights and Financial Autonomy

Chess Grandmaster and rising human rights advocate, Garry Kasparov, sees cryptocurrencies like Bitcoin and Ethereum as a way to fight tyranny and restore liberal democracies.

World's First National Digital Currency to Be Built on Algorand

World's First National Digital Currency to Be Built on Algorand

World’s First National Digital Currency to Be Built on Algorand

European Central Bank is Consulting the Public on CBDC

European Central Bank is Consulting the Public on CBDC

The European Central Bank has launched a public consultation to seek public opinion on its proposed digital Euro or central bank digital currency (CBDC).

Ghana Confirms Its Interest in Piloting Central Bank Digital Currency

Ghana Confirms Its Interest in Piloting Central Bank Digital Currency

Ghana has confirmed that it is on the hunt for a Central Bank Digital Currency (CBDC). The Bank of Ghana’s deputy governor, Dr. Maxwell Opoku-Afari, recently revealed that the country’s central bank remains committed to piloting a national digital currency. He made such remarks during a virtual stakeholder workshop on payment systems and services as reported by GhanaWeb local news outlet.

ECB Plans to Lead CBDC Exploration to Unleash Global Power of the Euro

ECB Plans to Lead CBDC Exploration to Unleash Global Power of the Euro

Fabio Panetta, a member of the Executive Board of the ECB, stated in his address to the European Parliament that the ECB intends to remain at the forefront of discussions concerning the nature of money in a digital world, including the exploration of the desirability and feasibility of establishing a central bank digital currency (CBDC).

ECB to Meet the Growing Demand for Digital Payments with a CBDC Digital Euro

ECB to Meet the Growing Demand for Digital Payments with a CBDC Digital Euro

President of the ECB Christine Lagarde broached the topic of CBDC issuance and why the bank was seriously considering the creation of a digital euro.

Jamaica to Launch Central Bank Digital Currency in 2022

Jamaica to Launch Central Bank Digital Currency in 2022

Jamaica’s Minister of Finance Nigel Clarke has announced that the country intends to launch its central bank digital currency (CBDC) in 2022.

Galaxy Digital CEO Mike Novogratz Says Launch of Digital Euro Will Drive Bitcoin Adoption

Galaxy Digital CEO Mike Novogratz Says Launch of Digital Euro Will Drive Bitcoin Adoption

Galaxy Digital CEO Mike Novogratz argues that central banks like the ECB launching their own digital currency could drive Bitcoin adoption further.

China’s Digital Yuan Launch Could Threaten Macau’s Gambling Industry

China’s Digital Yuan Launch Could Threaten Macau’s Gambling Industry

Gambling businesses in Macau fear that the launch of digital yuan would render them obsolete.

FUSANG Exchange Announces CCB $3 Billion Digital Bond Listing Suspended

FUSANG Exchange Announces CCB $3 Billion Digital Bond Listing Suspended

FUSANG exchange announced that the listing of the $3 billion digital bond backed by China Construction Bank has been suspended.

European Commission Eyes Crypto Regulatory Framework with New Digital Finance Package

European Commission Eyes Crypto Regulatory Framework with New Digital Finance Package

The European Commission (EC) has unveiled a digital finance package that highlights legislative proposals on crypto assets and digital resilience.

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