Kazakhstan Central Bank Seriously Considers Issuing its Own Bitcoin

Kazakhstan Central Bank Seriously Considers Issuing its Own Bitcoin

An intervention by the Central bank of Kazakhstan would help stabilize matters a bit, although it would be quite a challenge to rebuild trust in the Tenge after three iterations of devaluing the currency. Moreover, consumers are not putting their trust in the Central Bank either, as the financial trouble has been putting a lot of negative attention on the financial institution. By the look of things, various central banks in the world are on the verge of issuing their digital currency. Whether or not this approach will put the concept of digital currency on the radar of consumers, remains....


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Sweden's Central Bank Considers Digital Currency Use

Sweden's central bank is now considering the possibility of issuing its own digital currency, though the exact technology it will use is yet to be determined. As profiled in The Financial Times today, Riksbank said it is facing pressure to make the switch following a decline in domestic cash use. (According to the report, the amount of notes in circulation has declined 40% since 2009). Cecilia Skingsley, deputy governor at the Riksbank, said the bank is currently considering the tradeoffs of various technologies. Though she did not mention blockchain specifically, the FT cited the....

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Quotes

Finney’s bitcoin stash is now funding the cryogenic freezing of his body at a facility in Arizona, all in the hope he might one day be revived if and when ALS is eradicated.

Paul Vigna, The Age of Cryptocurrency