BIS marks CBDC pilot as ‘successful’ with $22M transacted
Over $12 million in value was issued in the pilot with commercial and central banks in Hong Kong, Thailand, the UAE and China taking part. Go to Source Powered by WPeMatico
Distributed Ledger Technology
Auto Added by WPeMatico
South Africa finishes technical PoC for wholesale CBDC settlement system
The South African Reserve Bank stated further work would be undertaken to study the findings from the project and used to inform policy and regulatory responses to DLT and CBDCs. Go to Source Powered by WPeMatico
DCG Mining Subsidiary Foundry Joins Texas Blockchain Council to Help Shape Crypto Public Policy
On Tuesday, Digital Currency Group’s (DCG) mining subsidiary, Foundry Digital, announced the company has joined the Texas Blockchain Council (TBC), a nonprofit industry association in the state of Texas. Foundry detailed the newly formed alliance is aimed at Foundry’s efforts to “help shape the regulatory landscape for digital assets” in North America. Foundry Becomes a … Read more
Fed and MIT’s CBDC research: Distributed Ledger tech has ‘downsides’
The researchers published results from “Project Hamilton,” which was first announced in 2020 to explore the use of existing and new tech to build and test a hypothetical CBDC platform. Go to Source Powered by WPeMatico
Europe’s Securities Watchdog Seeks Feedback on Regulations Ahead of DLT Pilot
ESMA, the European Securities and Markets Authority, has set out to establish if EU authorities need to amend existing regulations in order to facilitate the trading and settlement of tokenized securities. The regulator is now seeking opinions on the matter ahead of launching a pilot regime for market infrastructures based on distributed ledger technology (DLT). … Read more
Report: Blockchain Patents ‘Skyrocket’ in 2020, Alibaba Owns the Most Crypto Patents
A study from the team at Kisspatent shows that Alibaba Group is the largest blockchain patent holder in 2020 capturing 10x the number of patents held by IBM. The report notes that blockchain patents “are skyrocketing” this year and so far in 2020, there’s been more distributed ledger technology and cryptocurrency patents published than all … Read more
Central Bank Officials: DLT Can Improve the Global Financial System
An IMF official is concerned that central banks may be rushing to develop blockchain systems without properly vetting the technology first Go to Source Powered by WPeMatico
IOTA Network Down for 11 Days – Devs Claim Mainnet Will Be Operational Next Month
The IOTA network has been down for approximately 11 days and the IOTA Foundation doesn’t expect the mainnet to be reactivated until March 2. On February 14, our newsdesk reported on the beginnings of the IOTA outage, when the network status page indicated that it was down. The page still warns IOTA’s mainnet is “not … Read more
Cyprus SEC Embraces Blockchain Despite Unregulated Status of Crypto
Nine of the 19 companies engaged with Cyprus’ innovation hub operate using blockchain Go to Source Powered by WPeMatico
European Central Bank’s CBDC Borrows Bitcoin’s Pseudo-Anonymity
On December 17, the European Central Bank (ECB) published a report that showcased its blockchain technology proof-of-concept. One particular feature the central bank digital chain holds is the ability to issue “anonymity vouchers.” Also read: Lagarde Sees Demand for Stablecoins, Plans to Put ECB ‘Ahead of the Curve’ ECB Report Explores Anonymity in Central Bank … Read more
