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Digital Yuan Will Revolutionize Chinese Retail Payments – Central Bank Exec
6.9.2023
A Chinese central bank chief has claimed the digital yuan will revolutionize the way the nation makes retail payments, and suggested the CBDC could one day “completely replace” cash.
Per Yicai, Mu Changchun, Head of the Digital Currency Research Institute at the People’s Bank of China (PBoC), made...
Singapore Elects President Who Advocates ‘One Regulatory System’ for Crypto and Traditional Finance
6.9.2023
Tharman Shanmugaratnam, the former deputy prime minister and central bank chairman of Singapore, has been elected as the new president of the country. The Singaporean president-elect, who advocates for a single regulatory system for both crypto and traditional finance, wants to make sure that...
Kybernetických podvodů na klienty bank přibývá, škody přesáhly půlmiliardu
5.9.2023
Kybernetických podvodů zatím letos banky zachytily tolik, co za celý loňský rok. Vyplývá to z dat Komerční banky, podle které je letošní rok v tomto ohledu rekordní. Hackeři za prvních šest měsíců roku vymámily z klientů bank v úhrnu přes 670 milionů korun. Počet okradených přesahuje 30 tisíc....
ECB Praises European Commission’s Digital Euro Proposal as Key to Competing With the Private Sector
5.9.2023
In a speech to the European Parliament's Committee on Economic and Monetary Affairs on September 4th, European Central Bank (ECB) executive board member Fabio Panetta presented a compelling case for Europe's pursuit of the digital euro.
Panetta's address centered on the European Commission's (EC)...
BitGo Signs Strategic Agreement With Korean Heavyweight Hana Bank
5.9.2023
The Californian company will develop custody services and security solutions, local media reported
Legal and Technical Hurdles Await EU's Digital Euro in Non-Euro States
5.9.2023
The European Union's (EU) upcoming digital euro may face hurdles in non-euro member states, according to a review conducted by the European Parliament.
The report, produced by the Economic Governance and EMU Scrutiny Unit, highlighted potential challenges surrounding the use of the Central Bank...
South Korean Hana Bank enters crypto custody business with BitGo
5.9.2023
KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024
South Korea’s Hana Bank Partners with BitGo to Provide Digital Asset Custody Services
5.9.2023
South Korean financial giant KEB Hana Bank has entered into a strategic business agreement with California-based crypto custody and security platform BitGo to offer digital asset custody (DAC) services to its clients starting next year.
The collaboration was announced during the Korea Blockchain...
RBI Governor Touts CBDC as Solution to 'High Cost, Low Speed' Cross-Border Payments
5.9.2023
Reserve Bank of India’s (RBI) Governor Shaktikanta Das has touted Central Bank Digital Currencies (CBDCs) as a solution to 'high cost, low speed' cross-border payments.
In a recent keynote address at the G20 TechSprint Finale 2023 in Mumbai, RBI Governor emphasized the potential of CBDCs...
JPMorgan Analyzes De-Dollarization Risk, Potential for Chinese Yuan to Displace US Dollar as Reserve Currency
5.9.2023
JPMorgan has provided an analysis of the risks of de-dollarization and the potential for the Chinese yuan to displace the U.S. dollar as the world’s reserve currency. The global investment bank says the renminbi could assume “some of the current functions of the dollar among non-aligned countries...
Micro $3 Bitcoin miners won’t make bank, but that’s not the point: Inventors
5.9.2023
Pocket-sized Bitcoin miners are a stand against the “secrecy and exclusivity” of the Bitcoin mining industry, according to their inventors
Bank of China & E-commerce Giant Meituan Strike Digital Yuan Deal
5.9.2023
The Bank of China and the e-commerce heavy-hitter Meituan have signed a digital yuan collaboration deal, with both firms looking to step up their CBDC capabilities.
Per the Securities Times, via Stockstar, the two firms have sealed a “cooperation agreement” that will see them “deepen” their...
BNY Mellon: US Dollar’s Global Reserve Status Safe Despite BRICS Expansion
5.9.2023
The Bank of New York Mellon has provided insights into why the growth of the BRICS economic alliance is unlikely to impact the U.S. dollar’s dominance as the global reserve currency. “We think the most important factor for dollar use into the next decade revolves around technology...
Grayscale victory, SEC delays decision on Bitcoin ETFs: Law Decoded
4.9.2023
Grayscale victory doesn't help Bitocoin spot ETF approval on first deadline as SEC postpones decison to next deadline
Singapore's New President, a Former Central Bank Chairman, Has Called Crypto 'Slightly Crazy'
4.9.2023
Tharman Shanmugaratnam, who has previously called crypto "purely speculative" and "slightly crazy," was officially elected as Singapore's president early Saturday morning
State Bank of India Introduces UPI Integration for Digital Rupee
4.9.2023
India's largest public sector bank, State Bank of India (SBI), has introduced UPI (Unified Payments Interface) interoperability with Digital Rupee, India’s Central Bank Digital Currency (CBDC).
Currently, there are 300 million UPI users and 500 million merchants who use UPI to accept money...
Indian central bank-backed NPCI begins blockchain recruitment
4.9.2023
Singapore, Malaysia, UAE, France, BENELUX countries, Nepal and the UK have adopted the NPCI's UPI payments system in varying degrees
Bank of China: Digital yuan payment option must be offered in retail scenarios
4.9.2023
In the short term, the e-commerce platforms can integrate the CBDC through the QR codes
China’s Central Bank Official Stresses on Use of Digital Yuan in Retail Sectors
4.9.2023
The head of the Digital Currency Research Institute at the People's Bank of China (PBOC), Changchun Mu, has emphasized the necessity of making the digital yuan available for all retail payment scenarios.
Mu made this statement during a trade forum held in Beijing, where he also underscored...
Chinese Bank Uses Digital Yuan Giveaway to Promote Waste Recycling Drive
4.9.2023
A Chinese commercial bank has launched new digital yuan-powered recycling rewards programs, with citizens receiving CBDC tokens in exchange for recycling their waste.
Per Danzong, via Xinhua, the Qingdao Branch of the Bank of Communications has launched a CBDC-powered rewards solution.
The bank...