Canada has reportedly paused its Central Bank Digital Currency (CBDC) project, which started in 2017. According to a September 18 CBC news story, following years of research into the potential for a digital version of the Canadian dollar, the local central bank has decided to move away from the initiative. Bank of Canada Rethinks Digital…
A contingency plan should the need arise was the BOC’s stance on CBDCs. Both high-level and ground-level investigations were conducted by the bank itself. Updates on the Bank of Canada’s (BOC) website indicate that the central bank is halting development of CBDC for retail use. Although a wholesale CBDC was not mentioned in the statement,…
September 19, 2024 at 02:45 AM GST updated: September 18, 2024 at 06:35 PM 2 mins read News One of the most critical aspects that cryptocurrency investors and traders need to consider. Here, five exchanges likely to be top players in 2024 – Kraken, Coinbase, KuCoin, Crypto.com, and Gemini live up to their billing due…
August 30, 2024 at 11:20 AM GST updated: August 30, 2024 at 11:12 AM 2 mins read News Australia now hosts more Bitcoin ATMs than Asia, ranking third globally with a rapid installation spree in 2023. Major Asian economies collectively host 355 crypto ATMs, while Australia has reached 364, highlighting a significant growth difference. Leaked…
The Canadian government has approved unlimited trading of Litecoin (LTC) and three other cryptocurrencies. In addition, a crypto analyst has predicted that the price of LTC could reach $140. In a major breakthrough for the Canadian cryptocurrency market, the government has given the green light for unrestricted trading of Litecoin (LTC) and three other cryptocurrencies…