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Why Chinese Banks Are Adding Digital Yuan To Apps? Here’s What You Need To Know
The Chinese Central Bank Digital Currency (CBDC) is progressively spreading out to more users. This can be seen as 35 banks in China include the digital Yuan in their mobile apps. According to a local report, the digital RMB App reveals a recent addition of more banks to the interface. дальше »
2021-8-22 11:28 | |
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China’s State Banks Test Digital Wallet App for CBDC Payments
China’s state-run commercial banks are conducting large-scale internal testing of a digital wallet application in preparation for rolling out a central bank digital currency (CBDC). Employees at state-run banks in cities including Shenzhen have started internally testing an app that will be used for transferring money and making payments, a Reuters report stated. дальше »
2020-8-7 14:25 | |
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Hawaii Lawmakers Submit a Bill to Allow Banks to Provide Custody for Digital Assets
Hawaiian lawmakers have submitted a bill SB2594 on Jan. 18 that would make it legal for the banks to provide custody for digital assets. As per this bill, Hawaiin banks will be allowed to hold “Digital asset,” “Digital consumer assets,” “Digital security,” “Virtual currency,” and any other “open blockchain token” for their customers. Banks can […] дальше »
2020-1-24 19:33 | |
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Association of German Banks (Bankenverband) Shares Reasons for a Programmable Digital Euro
On Wednesday, October 30, 2019, the Association of German Banks (i.e. Bankenverband) released a paper making several arguments as to why a digital euro is necessary, reports Coin Telegraph. The paper, in the closest translation possible, dubbed, “Beyond Libra: Why Business Needs a Digital Euro,” gives up to 10 reasons why the idea might come […] дальше »
2019-10-31 20:42 | |
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Bank of Japan confirms no plans for a Central Bank Digital Currency
The Governor of the Bank of Japan dismissed the possibility of the central bank issuing a digital currency at a press conference after a G20 meeting between finance leaders and central banks. дальше »
2019-11-1 20:32 | |
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IBM Report: Bankers Don’t Give Up!
IBM published a new report on a survey of 23 central banks from July to September, titled Retail CBDCs – the next payments frontier. As it turned out, central banks are on track to issue retail digital currencies within the next five years. дальше »
2019-11-1 20:17 | |
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200+ German Banks Unite to Propose a Pan-Continental Digital Euro
China may have the early mover’s advantage in the race to launch the first national digital currency, but it seems other major global players are in no mood to be left far behind. The Association of German Banks (Bankenverband) released a paper yesterday explicitly stating that the Eurozone economy will benefit from a ‘programmable digital […] The post 200+ German Banks Unite to Propose a Pan-Continental Digital Euro appeared first on BeInCrypto. дальше »
2019-11-1 18:09 | |
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IBM Research: A Central Bank Will Issue a CBDC Virtual Currency In 5 Years
There is a high chance that a Central Bank Digital Currency (CBDC) will be released before five years are over. A new research conducted by IBM in conjunction with OMFIF (an institute that supports central banks) shows that policy makers from various major central banks in the world are seriously considering to develop a CBDC, […] дальше »
2019-10-31 01:53 | |
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Association of Private German Banks Argues for Digital Euro
Bankenverband, an association of private German banks, released a paper in which it argues for the creation of a digital euro
дальше »2019-10-31 00:06 | |
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IBM and OMFIF Report Reveals Central Banks Fear Digital Efficiency
Central banks across the globe have been reserved in their approach to digitization. These institutions are huge proponents of digital payments channels on a retail level, but when it comes to digitizing all currency, their worst fears kick in. дальше »
2019-10-31 18:00 | |
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State Street Breaks Its Silence on Crypto, Will Continue to Wait and Watch
State Street, one of the largest custody banks in the world, recently clarified why it is yet to launch a service to store crypto assets. On air was Jay Biancamano, the Managing Director of Digital Product Development at State Street, who went on record with The Block to discuss the firm’s plans for the future. […] дальше »
2019-10-29 03:47 | |
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China Hatching Plans to Launch National Cryptocurrency, DCEP
The People’s Bank of China (PBoC) is making active plans to launch the nation’s Digital Currency Electronic Payment System (DCEP). The digital currency will first be tested with commercial banks, according to a tweet on October 28, 2019. дальше »
2019-10-28 18:16 | |
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Commercial Banks Should Increase Blockchain Application, Says China Central Bank Official
Commercial banks should step up the application of blockchain technology to embrace digital finance, Li Wei, the head of the People's Bank of China’s technology department, said at a forum in Shanghai on Monday. дальше »
2019-10-28 16:05 | |
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Should The Traditional Banking System Be Scared Of Cryptocurrencies? Stanford Finance Prof Says Yes
Though digital currencies have come up against a lot of challenges, consumers shouldn’t give up just yet, according to Darrell Duffie. Duffie, a professor of finance at Stanford GSB, believes that the next decade could be filled with a lot of success for this sector, in the event that banks don’t come up with faster […] дальше »
2019-10-25 17:39 | |
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European central banks could ‘band together’ to issue a CBDC
We live in a world where we rarely act, but often react. Europe is playing on that very tendency. From the East and the West of the continent, digital currencies are being embraced rapidly. On the other side of the Atlantic, Facebook, the social media giant, sent shockwaves throughout the corporate and sovereign world by […] The post European central banks could ‘band together’ to issue a CBDC appeared first on AMBCrypto. дальше »
2019-10-25 16:30 | |
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Central Banks should get involved with digital currencies: PIIE’s Adam Posen
Central Bank Digital Currencies or CBDCs have been a hotly debated topic over the past few months. After Bank of China announced that its issued central currency was ready for launch, major financial institutions around the world have started discussing the issuance of their own virtual assets. дальше »
2019-10-19 21:30 | |
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IMF To Warn Central Banks That Payment Narratives are Shifting Away From Them
Central bankers and finance ministers are set to come together for the World Bank annual meeting, and the IMF has some strong advice for them: regulate digital currencies or watch your monetary monopoly lose power. дальше »
2019-10-18 22:00 | |
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US Fed Reserve: Facebook’s ‘cryptocurrency’ dream faces core legal, regulatory challenges
The US Federal Reserve Governor Lael Brainard said yesterday that Facebook must overcome a “core of legal and regulatory challenges” before facilitating payments with its ‘cryptocurrency’ Libra. дальше »
2019-10-17 13:44 | |
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Swedish Central Bank Head: Facebook’s Libra Was A ‘Shake The Tree’ Event To Kick Start Reform
Sweden’s central bank chief has explained that Facebook’s Libra cryptocurrency should serve as a catalyst for central banks around the world to rethink their role and reform to incorporate the digital age. дальше »
2019-10-16 21:10 | |
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Cost of Storing Bitcoin Increasing, Currently Estimated at 2.1% pa
There are a number of costs associated with using bitcoin and while it is still far cheaper than using traditional banks, they still need to be accounted for. Storage of the digital asset also has a cost and it has been rising. дальше »
2019-10-14 12:00 | |
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N26 Digital Bank Passes 1M Customers in France — What Does It Mean for Cryptocurrencies?
N26 recently hit the 1M customer milestone in France. The German ‘neo-bank’ is betting big on digital banking — an idea which overlaps with the promise of cryptocurrencies. The banking world is going digital. дальше »
2019-10-12 15:15 | |
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Switzerland Central Bank and SIX Digital Exchange Eye Digital Currencies for Trade Settlements
Swiss National Bank (SNB), Switzerland’s central bank, together with Bank for International Settlements (BIS) are jointly exploring on how a central bank digital currency (CBDC) can be used to trade tokenized assets, the Block reports. дальше »
2019-10-10 22:20 | |
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Buy coins with USD on BitMart “Quick Exchange”, get up to 50% cash reward
BitMart, a premier global digital asset trading platform, recently launched its fiat channel – Quick Exchange. Users will now be able to buy coins with No funding fees along with their US bank accounts just in minutes. дальше »
2019-10-4 11:30 | |
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Buy Coins with USD on BitMart “Quick Exchange”, Get Up to 50% Cash Reward!
BitMart, a premiere global digital asset trading platform, recently launched its fiat channel – Quick Exchange. Users will now be able to buy coins with No funding fees along with their US bank accounts just in minutes! “Quick Exchange” is a service for registers to link their bank accounts to transfer USD directly from banks […] The post Buy Coins with USD on BitMart “Quick Exchange”, Get Up to 50% Cash Reward! appeared first on CCN.com дальше »
2019-10-3 21:21 | |
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How G20 Central Bank Digital Currencies Are Progressing
Central bank digital currency has become a hot topic among finance ministers and central bankers worldwide, with some G20 countries ahead of the rest on work done toward issuing their own digital currencies. дальше »
2019-10-2 04:35 | |
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Market Outlook: A Few Cryptocurrencies Rebound While Fear Grips Central Banks
In the last 48 hours, digital currency markets have rebounded after some bearish price dips last week. After losing $35 billion in a short period of time, most crypto markets have been gradually healing and the overall market valuation of the cryptoconomy has clawed back at least 50-60% of the losses. дальше »
2019-10-1 19:35 | |
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Ripple Removes ‘xRapid’ ‘xCurrent’ From Website, Pushes RippleNet Instead
The Ripple website has recently removed all mentions of its previous products, xRapid, xCurrent, as well as xVia. After years of promising value stemming from the usage of those systems, Ripple pivotes to a new approach. дальше »
2019-10-1 16:00 | |
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The Banking Industry Cashes in on the Crypto Craze
In the infancy stages of cryptocurrency development, banks were outwardly hostile towards digital currency. However, the widespread adoption of blockchain-based technology for processing financial transactions quicker, safer, and more efficiently has led to a rethinking of traditional thought processes among notable banking giants. дальше »
2019-10-1 10:59 | |
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ING Chief Economist: Central Bank Cryptocurrency Developments Will Happen in Next 2-3 Years
Mark Cliffe, chief economist of ING bank believe that central banks around the globe would move towards creating their own digital currency. Cliffe was responding to a question on when would a central bank among G20 nations can launch a full-fledged digital currency. дальше »
2019-9-28 00:15 | |
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European Central Bank Investigating Stablecoins and a Possible Digital Euro
In a letter addressed to Eva Kaili, a member of the European parliament and a well-known cryptocurrency advocate, the current president of the European Central Bank, Mario Draghi, lays down his views on cryptocurrencies and their future in the banking sector. дальше »
2019-9-28 19:53 | |
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Stablecoin regulations would need to eliminate risks regarding liquidity of underlying assets, claims IMF
As Central Banks across the world start looking into cryptocurrencies and DLT to see how feasible a fiat-backed digital currency would be, the IMF (International Monetary Fund) has now entered the conversation as well, publishing a blog post exploring the advantages of a privately issued stablecoin, one which is backed by central bank reserves. дальше »
2019-9-28 18:30 | |
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ING’s Chief Economist claims Central Banks will be moving towards developing CBDCs in the next 2-3 years
ING’s Chief Economist, Mark Cliffe, responded in the affirmative when enquired about ING’s plans of launching a digital currency during a joint event to discuss the various aspects of central bank-issued stablecoins. дальше »
2019-9-27 15:54 | |
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ING Chief Economist: Libra Accelerating Central Banks’ Crypto Plans
ING chief economist Mark Cliffe says central banks could move towards issuing digital currencies within 2-3 years, given Facebook’s Libra project
дальше »2019-9-28 15:39 | |
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Swiss Banks Team With Fintechs to Enter the Crypto Space
Multiple joint projects between banks and crypto companies based in Switzerland now offer customers the opportunity to invest in digital assets and take advantage of banking services related to cryptocurrencies. дальше »
2019-9-25 13:00 | |
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R3, Infosys, and Banks Trial Blockchain-Based Trade Finance System
Infosys, an Indian corporation that provides banks with universal digital banking solutions, has partnered with financial institutions across 19 countries to trial R3’s distributed ledger technology (DLT) based solution for trade finance, reports livemint, September 23, 2019. дальше »
2019-9-24 23:00 | |
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Arab Bank Switzerland to Offer Bitcoin Custody and Brokerage Services
According to a report published by swissinfo. ch on September 19, 2019, Arab Bank Switzerland has joined the list of established banks which offer access to digital asset products. A New Bank in the Crypto Sphere Arab Bank Switzerland, a bank specializing in private banking and trade financing, has partnered with blockchain technology firm Taurus, toRead MoreRead More. дальше »
2019-9-20 09:00 | |
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Chilean Central Bank Governor: Central Banks Digital Currencies Can Be Issued Without Blockchain
According to Chile’s Central Bank Governor, Mario Marcel, digital currencies issued by the central banks are beneficial and can run outside of the blockchain technology, the Block reports. The governor was speaking during the OECD's Global Blockchain Policy Forum that was held last week. дальше »
2019-9-20 22:59 | |
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Central Banker: CBDCs Are a Flexible Tool for Zero-Interest Rate World
Central banks can benefit from digital currencies but they don’t necessarily need a blockchain, says Chile’s top central banker
дальше »2019-9-19 11:01 | |
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Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will
Cryptocurrencies undoubtedly bring new business opportunities. The expanding industry around digital assets and its customers need more and more services that traditional sectors can provide. Banking is often a bottleneck in the crypto space as most traditional institutions are still reluctant to get their feet wet. дальше »
2019-9-14 23:00 | |
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Here’s Why China is Pushing A Central Bank Digital Currency, Not Crypto
China is set to launch the world’s first central bank digital currency (CBDC). As the majority of central banks, including in the US and Europe, are tentative over issuing their own CBDCs, the People’s Bank of China (PBoC) has gone all-in on the idea of a digital Yuan and not a crypto asset. дальше »
2019-9-12 13:00 | |
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Saudi Arabian Monetary Agency to expand scope of digital currencies after completion of pilot phase
Saudi Arabian Monetary Agency (SAMA), the financial watchdog for Saudi Arabia is considering to expand the scope of digital currencies to several banks and other countries after completion of its pilot project later this year, reported Al-Eqtisadiah. дальше »
2019-9-12 19:30 | |
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