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Bank of Canada Preparing for Future Where CBDC Might Be Necessary

In remarks at the CFA Montreal FinTech RDV 2020, Bank of Canada deputy governor Timothy Lane confirmed that the central bank is preparing for a possible future in which it might have to issue a central bank digital currency (CBDC). While he claimed that there is no current need to issue a CBDC, he acknowledged that it was important to be prepared in case evolving circumstances make it necessary to do so in the future.

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Billionaire Buffett Vows He Will Never Own Cryptocurrency

Warren Buffett, the billionaire CEO and Chairman of Berkshire Hathaway, vowed today that he will never own any cryptocurrency. He made that promise during a CNBC Squawk Box interview in which he reaffirmed his longtime disdain for digital currency.

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Simpsons Episode to Feature Cryptocurrency

The Simpsons animated television program has been a staple of popular culture for three decades now. Since its initial launch, the show has consistently had its finger on the pulse of American culture and modern trends. Now, it’s apparently taking on cryptocurrency in its latest episode, airing tonight.

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Shopify to Join Libra Association

Shopify announced yesterday that it will be joining the Libra Association. The e-commerce giant’s decision to become a member of the embattled cryptocurrency group comes after the association has suffered several high-profile defections in recent months, including founding payment service firms like Visa, Mastercard, and PayPal.

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Irish Drug Dealer Loses Access to Bitcoin Fortune of 53.6 Million Euros

It has long been said that crime never pays, and that was certainly true in the case of one Irish drug dealer whose stint in jail resulted in him losing account access information for cryptocurrency wallets containing some 53.6 million euros worth of btcoin. According to the Irish Times, the once-wealthy criminal had hidden the codes inside a fishing rod case that later disappeared when he was jailed in 2017.

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Riksbank to Conduct One-Year E-Krona Pilot Project

Sweden’s Riksbank announced today that it will be conducting a one-year pilot project designed to create a technical solution for a central bank digital currency, the e-krona. In a press release, the bank said that the pilot project’s goal is to enhance Riksbank’s knowledge and work in an isolated test environment to create a simple, easy-to-use digital version of the krona.

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Report: IRS Wants to Meet with Cryptocurrency Groups at March Summit

The Internal Revenue Service has apparently invited a number of cryptocurrency groups to participate in a summit on March 3, Bloomberg Tax reports. The agency summit is designed to foster a dialogue with industry leaders, companies, and other advocates to help the agency better understand how it can create a balance between regulatory enforcement and effective taxpayer service.

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Candidate Bloomberg Proposes Cryptocurrency Policy in New Financial Reform Plan

Billionaire Democrat presidential candidate Michael Bloomberg has unveiled a proposal that calls for more clarification of cryptocurrency rules. The proposal is tucked within a broader financial reform plan that his campaign has published on his official campaign website.

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Binance Cloud Service to Simplify Digital Asset Exchange Launches

Cryptocurrency exchange giant Binance today unveiled Binance Cloud. In a blog post announcement, the company described the new service as “an infrastructure solution for customers and partners to launch digital asset exchanges launching Binance’s industry-leading technology, security, and liquidity.

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Indian Election Officials Look to Blockchain To Improve Ballot Access

India’s Election Commission has partnered with the Indian Institute of Technology to create a blockchain system that would enable migrant voters to exercise their voting franchise even when they cannot reach their local polling stations.

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