Circle CEO Says Tokenized Fiat Currencies Are on the Horizon

Jeremy Allaire, the CEO of blockchain-based, crypto-inclusive money transfer company Circle, said that the firm has long held that major fiat currencies would eventually be tokenized.

Significant digital currencies

In an interview on Aug. 21 on the podcast Global Coin Research, Allaire said that Circle has thought for years that sovereign currencies would eventually be digitized.

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Bank of Japan: Cash Prevents Digital Currencies With Negative Interest

Japan’s second most senior banking figure has said central banks cannot use digital currencies to enforce negative interest rates, Reuters reported on July 5. 

Speaking at an event held by the publication, Masayoshi Amamiya, deputy governor of the Bank of Japan, said that states issuing digital currency with a negative interest rate would force inhabitants towards cash. 

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IMF Predicts Central Banks to Issue Digital Currencies

The International Monetary Fund (IMF) believes that central banks may issue digital currencies in the future, according to a report by the IMF on June 27

According to the full paper, the IMF and World Bank conducted a survey on fintech that solicited answers from financial institutions within all member countries, and has based its conclusions in part upon the 96 received responses.

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Report: India Considers Complete Ban on Digital Currencies

A draft bill that would outright ban cryptocurrency is reportedly circulating among various departments of the Indian government, local media outlet The Economic Times reported on April 25.

An official familiar with the matter reportedly told the Economic Times that the government has begun inter-ministerial consultations on the “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019″

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Crypto-Fiat Payments Firm Wirex Launches Major Update, Adds 10 New Fiat Currencies

Digital payments firm Wirex has released a major platform update, Wirex 3.0, adding ten new fiat currencies, according to an official press release on Feb. 27.

From now, Wirex users in the European Economic Area (EEA) can access “unconditional access” to over-the-counter rates for cryptocurrency exchanges, as well as interbank rates for traditional currency exchanges.

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BANKEX Will Appear Among Top 3 Supported Currencies on CoinSwitch


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State-Issued Digital Currencies: The Countries Which Adopted, Rejected or Researched the Concept

On July 5, Germany rejected the idea of issuing a central bank-issued digital currency (CBDC) — the Ministry of Finance deemed it would be “too risky” to implement one.

The concept of CBDCs, or national digital currencies — the scenario in which the trend of digital currencies gets adopted by a federal regulator,

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