Thursday, July 29

CBDC

Bank of International Settlements, Bitcoin, bitcoin investing, bitcoin price, BTC price, CBDC, Central Bank Digital Currency, Central Banks, cryptocurrency, crytocurrencies, El Salvador bitcoin, Federal Reserve, Fiat Currency, Fintech, Markets, MI Exclusive, US Dollar

More than half of experts in a recent crypto survey said bitcoin will replace fiat currency by 2050

A local business in El Salvador that accepts bitcoin payments. Alex Pena/Anadolu Agency via Getty Images 54% of fintech experts surveyed expect bitcoin to overtake currencies issued by central banks in global finance by 2050. The move could also take place by 2035, according to 29% of respondents. The majority of the panel see bitcoin as currently undervalued, and the price rising this year to $66,284. See more stories on Insider's business page. Bitcoin, the world's most traded cryptocurrency, will surpass money issued by central banks as the dominant form of finance worldwide in less than 30 years, according to a panel of fintech specialists. 54% of 42 crypto experts surveyed foresee so-called hyperbitcoinization-or the moment that bitcoin overtakes global finance - occurrin...
Bank of Japan, CBDC, Central Bank Digital Currency, Cryptocurrencies, digital assets, digital currencies, Digital Currency, digital yuan, Japanese yen, Markets, MI Exclusive

Japan’s plans for a digital yen could start to take shape next year, according to a top lawmaker, report says

REUTERS/Shohei Miyano The head of the ruling party's digital currency initiative told Reuters digital yen plans could take shape next year. He said he expected this to provide clarity on its impact on the existing financial system. The Bank of Japan started exploring a central bank digital currency earlier this year. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Japan's plans for a digital yen could start to come together next year and the design of a potential central bank digital currency will be clearer then, the head of the ruling party's digital currency initiative, Hideki Murai, told Reuters in an interview published on Monday. "By around the end of next year, we'll have a clearer view of what Japan's CBDC would look like," he said, adding this...
Bitcoin, CBDC, Crypto assets, Cryptocurrencies, Cryptocurrency Regulation, DAOs, digital assets, Markets, MI Exclusive, Wyoming

Wyoming is the first US state to approve a DAO, consolidating its crypto-friendly reputation

US flag Gary Hershorn American CryptoFed DAO has been allowed to legally operate in Wyoming from July 1. Decentralized autonomous organizations are pieces of code that execute actions on the blockchain without any intermediaries. This is another in a series of steps that have made Wyoming one of the most crypto-friendly US states. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Wyoming has legalized a decentralized autonomous organisation (DAO) with effect from July 1, marking another in a series of steps that have made the state the most crypto-friendly jurisdiction in the United States. American CryptoFed DAO, which runs a stablecoin on its network, has received approval from the state to operate as a distinct type of limited liability company, accordi...
argentina, Bitcoin, Brazil, CBDC, Central Bank Digital Currency, Central Banks, crypto, digital assets, El Salvador, El Salvador bitcoin, Emerging Markets, Ether, Markets, MI Exclusive, Panama

Emerging markets could be the next big frontier for crypto. A slew of politicians want to follow El Salvador and adopt bitcoin as legal tender.

Emerging markets are pioneering digital and crypto currency usage, trading and mining. Since El Salvador voted to adopt bitcoin as legal tender, a slew of politicians have said they want to follow suit. Many showed their support through tweets or by adding the symbolic laser eyes to their Twitter pictures. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Cryptocurrencies can often stir up concern among conservative investors and few are as conservative as central banks, and regulators are definitely skeptical. But this does not appear to be the case in emerging markets.Politicians, central bankers and reg...