Hong Kong and Thailand Pilot DLT-Based Project for Cross-Border Payments
Hong Kong and Thailand’s central banks have piloted a Corda-based CBDC project for cross-border payments Go to Source Powered by WPeMatico
CBDC
Auto Added by WPeMatico
Japanese Ex-Central Banker: Libra Spurred Us to Take CBDCs Seriously
The former head of payments and settlements at the Bank of Japan says Facebook’s Libra spurred institutions to look seriously into digital currency issuance Go to Source Powered by WPeMatico
Six Major Central Banks to Collaborate on Digital Currency Research
The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland and the Bank for International Settlements created a CBDC research group Go to Source Powered by WPeMatico
Guide to WEF Davos 2020: Sustainability, Stablecoins and CBDCs
What will the WEF Davos 2020 mean for crypto? Check this guide to find out Go to Source Powered by WPeMatico
IIF Report Predicts Global Debt Will Reach New All-Time High of $257T in 2020
Global debt records were broken in 2019, but that likely won’t be the end of such ominous economic milestones, the Institute of International Finance (IIF) predicts. The number could reach $257 trillion sometime in Q1 2020, according to a recent report by the group. Economies worldwide are struggling to address pressing issues such as stimulation … Read more
US and European Regulators Say Crypto a Priority This Year
Several regulators in the U.S. and Europe have made cryptocurrency among their top priorities this year. The Securities and Exchange Commission’s compliance office and the European Securities and Markets Authority, in collaboration with other regulators, have outlined their plans to focus on crypto oversight. Further, China’s central bank has made digital currency a priority. Also … Read more
China’s Central Bank Completes Top-Later Design and Joint Tests of Planned CBDC
People’s Bank of China has announced the realization of the top-layer design and joint testing of the planned digital yuan Go to Source Powered by WPeMatico
China Prepares for CBDC With Cryptography Law on Encryption Standards
China is continuing its blockchain-positive, anti-anonymity course with the new Cryptography Law — it requires private firms to reveal their encryption services and more Go to Source Powered by WPeMatico
ECB President Pushes for a Central Bank Digital Currency
Christine Lagarde has reiterated her interest in digital currencies, pushing for ECB’s involvement in the development of a CBDC Go to Source Powered by WPeMatico
ECB Wants Active Role in Crypto, Will Not Deter Private Solutions
The European Central Bank (ECB) wants to play an active role in the field of digital currency, said President Christine Lagarde. As the bank works on its own digital currency and an instant payment system, Lagarde emphasizes that “central bank initiatives should neither discourage nor crowd out private market-led solutions for fast and efficient retail … Read more
