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Bank of Thailand Progresses With Digital Baht Tests Before Public Launch
16.7.2020
The Bank of Thailand is looking to test the digital baht with Hong Kong’s central bank after piloting the CBDC with large businesses
Cypherium CEO Predicts CBDC Cross-Border Payments ‘Soon’
16.7.2020
Cypherium’s founder predicts that adoption of CBDCs for cross border payments will happen sooner than expected
European Digital Bank Revolut Expands Bitcoin Trading Services to 49 US States
16.7.2020
British digital bank Revolut said Wednesday that it will start offering its cryptocurrency trading services in the U.S. Users in 49 U.S. states, excluding Tennesee, can now buy and sell bitcoin (BTC) and ethereum (ETH) through the Revolut app, it said. They can also store their digital assets...
Swiss Crypto Bank SEBA to Offer Token Securitization on Corda Network
15.7.2020
The bank has partnered with Corda-based DASL to build the new service available on Corda’s public network
China to Test Digital Yuan on Food Delivery Platform With 435 Million Users
15.7.2020
China’s central bank may test digital yuan on Meituan Dianping’s food delivery platform with 435 million users
Standard Chartered Participates in Jammed $18M Round for Crypto Custodian
15.7.2020
Standard Chartered said it invested in Metaco to improve the relatively undeveloped market infrastructure in digital assets
Japanese Government Set to Include CBDC in Official Economic Plan
15.7.2020
The Japanese government is getting serious about a CBDC
[článek] Jiří Horyna (eMan): Na burzu se jdeme osvobodit od bank. Kótovaná firma taky působí důvěryhodněji
15.7.2020
[11 minut čtení] Česká vývojářská společnost eMan se v srpnu chystá na Pražskou burzu. Co ji k tomu vede, čím si před tím musela projít a proč nemíří rovnou na primární trh? Čím českou softwarovou firmu eMan zlákala pražská burza, co příprava na vstup na burzu obnášela či jak se vývojářské firmy...
Bank of England Still Debating Creation of Central Bank Digital Currency, Says Bailey
15.7.2020
Bank of England (BoE) Governor Andrew Bailey said Monday that the institution is still debating whether it should create a central bank digital currency (CBDC). Speaking at a webinar event, Andrew Bailey admits a CBDC will be a reality in the next few years. He, however, does not provide a time...
Covid-19 Stimulus: Banks Will Gain $18 Billion in Fees for Processing PPP Relief Loans
15.7.2020
The world’s banking cartel will gather $18 billion in fees for facilitating the settlement of small business Paycheck Protection Program (PPP) relief loans leveraged during the Covid-19 pandemic. The $640 billion in PPP relief loans stem from the CARES Act and allegedly there’s only...
Japan’s Biggest Bank to Launch Digital Token Before End of FY2020
15.7.2020
The Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) is set to issue its own long-awaited digital currency “in the second half of the current financial year,” said its CEO.
Speaking to Mainichi, the company’s CEO Hironori Kamezawa stated that the token had experienced no shortage...
Bank of England Considering a Central Bank Digital Currency, Governor Says
14.7.2020
The U.K.'s central bank is discussing the possibility of launching a digital currency, perhaps in several years
South Korean Central Bank Launches CBDC Legal Advisory Unit
14.7.2020
The Bank of Korea in Seoul. South Korea is once again intensifying the pace of its central bank digital currency (CBDC) progress – with a central bank-run team now investigating legal obstacles that might stand in the way of digital won issuance.
Bitter political and financial rival Japan last week...
Covid-19 Forces Indians to Embrace Digital Payments but Country Still Lacks Crypto Regulation
13.7.2020
The global pandemic Covid-19 is forcing Indians to resort to digital payment platforms when settling bills as well as paying for groceries. Before the Covid-19 outbreak, Indian citizens largely ignored a 2016 government decree that attempted to achieve the same, reports The Economic Times of India....
World Bank Investigates Smart Contracts as Financial Tools, With Mixed Results
13.7.2020
The World Bank has looked at the benefits of smart contracts and found the blockchain instruments to be a "limited" financial tool
Singapore’s Central Bank Eyes Commercial Role for Its Blockchain Payments Tech
13.7.2020
Project Ubin has completed its last development phase and is now being considered as the basis for commercial digital currency ventures
Much Anticipated Central Bank Digital Currencies Raise Privacy Concerns
12.7.2020
CBDCs are one of the hottest topics in the fintech space, but as their inception comes closer, serious privacy concerns come with it
Zimbabwe’s Battle To Control Currency Inadvertently Boosts Bitcoin Profile
12.7.2020
Zimbabwe’s deteriorating economic situation is forcing authorities to sign off on some desperate and controversial decisions. Some of such decisions include the abrupt suspension mobile money as well as the recent designation of Zimswitch as a national payment switch. Reserve Bank of Zimbabwe...
Christophe Cieters: Monopoly Money
12.7.2020
As money developed and people opted to place it in secured storage, banks started issuing banknotes which represented a client’s deposit at the bank and the promise to redeem each note for the amount of gold it represented at a 100% reserve rate. Market exchange rates of the coins were...
How are Central Banks Exploring Central Bank Digital Currencies?
11.7.2020
At a time when enterprises are moving fast toward the adoption of blockchain technologies, central banks are exploring digital currencies as an alternative to replace their cash in circulation. A Central Bank Digital Currency (CBDC) is the digital form of fiat currency. Not to be confused with...