RNS Solutions & Trustedchain are developing Blockchain based FinLit Platform for Islamic Development Bank

Pakistan, June 10, 2021: RNS Solutions Pte Ltd., the leading blockchain software development company from Pakistan, Korea, and Singapore this week announced a formidable partnership with the ICD-Islamic Development Bank Group, a multilateral development bank that promotes social and economic development in member countries, and Trustedchain software development & consultancy firm in Saudi Arabia. As […]

385 +

JPMorgan Warns of Incoming Bitcoin Bear Market Citing ‘Unusual Development’ in Futures

Investment bank JPMorgan Chase has warned of a further bitcoin price decline, expecting an incoming bear market. The bank’s analysts look at the trend in bitcoin futures and see “an unusual development and a reflection of how weak bitcoin demand is at the moment from institutional investors.

497 +

Hong Kong Includes CBDCs in 5-Point Agenda for Fintech Development

The Hong Kong Monetary Authority (HKMA) is pursuing a comprehensive fintech revamp for the city and its plans include central bank digital currencies (CBDC). However, easier access to crypto assets does not seem to be a part of the HKMA’s fintech agenda.

523 +

Hong Kong Monetary Authority Announces Development Plans for Retail and Wholesale CBDCs

The Hong Kong Monetary Authority (HKMA) announced it is working on developments for a central bank digital currency (CBDC) at both the wholesale and retail levels. The post Hong Kong Monetary Authority Announces Development Plans for Retail and Wholesale CBDCs appeared first on BeInCrypto.

447 +

Hong Kong includes central bank digital currency in fintech strategy

Research into central bank digital currencies will play a significant role in Hong Kong’s fintech development efforts.

340 +

Kalashnikov Eyes Digital Ruble Settlements as Russia Aims to Replace ‘Dirty Money’

Kalashnikov Group, the Russian firearms manufacturer, is ready to transition to settlements in digital currency. The announcement came from the international economic forum in Saint Petersburg where the central bank of Russia reaffirmed its intention to replace “dirty” and “infectious” paper cash with the digital ruble that’s currently under development.

642 +

Ghana’s Central Bank Is Set to Launch Its CBDC

The CBDC race is on, and central banks all across the globe are either eyeing the launch of a state-backed cryptocurrency or studying the feasibility of its use. The most recent development in this regard comes from Ghana, as the governor of Ghana’s central bank, Ernest Addison, recently announced that his institution is now “inRead More

417 +

Bank of America Joins Paxos Blockchain Settlement Service

U. S financial giant Bank of America has joined the Paxos Settlement Service to use blockchain technology to achieve same-day settlement of stock trades.   Bank of America to Settle Stock Trades Using Paxos Blockchain Solution This development was revealed by media outlet Bloomberg on Monday.

389 +

Facebook-Backed Crypto Project Diem Moves to US, Unveils New Launch Plan

Facebook-backed cryptocurrency project Diem, formerly Libra, is moving from Switzerland to the U. S. In collaboration with Silvergate Bank, the association, which oversees the development of the diem cryptocurrency, has unveiled a new launch plan.

413 +

The Crypto Bank - The rise of Celsius Network

Camilla Churcher is the Global Head of Business Development at Celsius Network.

288 +

Bank of England Opens Job Listings to Explore A Central Bank Digital Currency (CBDC)

The United Kingdom’s central bank, the Bank of England, is hiring seven experts to join a dedicated team that will explore the development and implementation of central bank digital currencies (CBDC) in the UK.

352 +

Bank of England Is Looking for CBDC Development and Issuance Expert

The Bank of England has published a job advertisement for a senior expert on CBDCs to lead the bank’s thinking on the feasibility, design, and implementation of a CBDC. The post Bank of England Is Looking for CBDC Development and Issuance Expert appeared first on BeInCrypto.

428 +

Crypto-convert JPMorgan is hiring developers skilled in Ethereum

US bank JPMorgan is hiring blockchain engineers skilled in Ethereum, Corda, and Hyperledger development, a job posting on recruitment site Glassdoor shows. The post Crypto-convert JPMorgan is hiring developers skilled in Ethereum appeared first on CryptoSlate.

440 +

Britcoin: UK Looking To Create Its Own Digital Currency

One thing that has become very prominent on the global stage is the creation of Central Bank Digital Currencies (CBDCs) by various world powers. China, Canada, the Bahamas, the British Virgin Islands, and France are all at various stages of development and deployment of their own CBDCs.

333 +

Societe Generale Taps Tezos (XTZ) Blockchain for Issuance of Security Token 

Societe Generale has announced the issuance of its first structured product as a security token on the Tezos (XTZ) blockchain. The bank says the move is part of the development process of its crypto assets structuring and issuance subsidiary dubbed Forged.

391 +

JPMorgan Launches Blockchain-Based Validation Solution for Financial Institutions

Banking giant JPMorgan has revealed the launch of a blockchain solution that will reduce the number of failed transfers within its payment system. This development was announced on Monday, with the bank confirming that the solution named ‘’Confirm’’ is in its testing phase.

409 +

Citigroup и IADB протестировали блокчейн для трансграничных платежей

Банки Citigroup и Inter-American Development Bank (IADB) успешно протестировали доказательство концепции (PoC) для совершения платежей между США, странами Латинской Америки и Карибского бассейна.

319 +

The European Union Could See A Digital Euro in 4 Years, or More: ECB President Christine Lagarde

The European Central Bank (ECB) could launch its planned digital Euro in the next four years, ECB President Christine Lagarde stated in an interview with Bloomberg on Wednesday. She believes the digital token research and development needs to take time to constitute a “fundamental change” across Europe’s economy.

339 +

Goldman Sachs to Offer Bitcoin, Other Digital Assets Products to Institutional Clients

U. S banking giant Goldman Sachs is inching closer to offering its first investment products for bitcoin and other digital assets. This development represents a significant shift in the bank’s policy, which initially stated that bitcoin and cryptocurrencies were not an asset class.

422 +

China CBDC Research Head: Digital Yuan Has Highest Privacy Protection

According to a claim made by Mu Changchun, the head of the central bank’s digital currency research institute of China, the country’s digital yuan has the highest privacy protection. Changchun made the remarks at the China Development Forum 2021, saying that there should be no concerns regarding privacy.

457 +

Bank of Thailand Declares Terra-based Thai Baht Stablecoin THT Illegal & In Violation of Currency Act

The Bank of Thailand (BoT) has declared THT, a Baht-pegged stablecoin on Luna-powered Tera, in violation of the Currency Act of 1958, which gives the state exclusive authority to issue money. Pruettipong Srimachand, Assistant Governor of the Legal Group at the central bank, reported on the development around stablecoins in the private sector.

444 +

Central Bank of Ghana Launches Regulatory Sandbox Pilot for Blockchain and Financial Projects

Ghana’s apex bank has revealed a sandbox test launch to support the growth of blockchain-based and financial-related services.   Sandbox Launched to innovate Ghana Financial Services The central bank revealed this development in a recent press release.

408 +

CBDC development on the rise but issuance years away: BIS

The Bank for International Settlements (BIS) has revealed that central bank digital currency (CBDC)… The post CBDC development on the rise but issuance years away: BIS appeared first on Coin Journal.

336 +

Philippines Central Bank Revisits Crypto Regulation

This development does not come as a surprise. More financial authorities around the world have begun to make deliberate efforts to clarify their stance on cryptocurrencies. The Philippines Takes a Stance According to a report from Inquirer, activities related to cryptocurrencies will be treated under the purview of the Philippines Central Bank.

389 +

Is Digital Rupee Next? India's Central Bank Exploring Its Own Cryptocurrency

India's central bank is exploring the development of its own CBDC

290 +

Sweden Is Working with Corda’s DLT for the e-Krona CBDC Proof-of-Concept

The Swiss central bank is already working with Corda’s Distributed Ledger Technology (DLT) for its CBDC proof-of-concept in the proposed e-krona digital currency. Cecilia Skingsley, the bank’s deputy governor, confirmed this development while speaking yesterday at the CFC St.

450 +

Here’s why Stellar (XLM) price trades 200% higher this week

Stellar (XLM) price exploded over 80% yesterday to bring total weekly gains to about 200% after being selected by Ukraine to work on the central bank digital currency. Fundamental analysis: Major cooperation agreed The Ministry of Digital Transformation of Ukraine and the Stellar Development Foundation signed a deal to work together on developing the virtual assets ecosystem and create a Ukrainian digital currency.

434 +

HDBank Becomes First Vietnamese Bank To Issue Blockchain-Based Letter of Credit

HDBank has become the first bank in Vietnam to issue a letter of credit (LoC) via blockchain technology. This development is expected to bring about a major change in the banking system of the country.

427 +

Ukraine Chooses Stellar Foundation to Develop Its CBDC, Regulatory Infrastructure for Stablecoins

The Ministry of Digital Transformation of Ukraine has picked the Stellar Development Foundation (SDF) to develop its central bank digital currency project (CBDC). Ukraine Picks Stellar Foundation to Develop Its Central Bank Digital Currency and National Virtual Asset Strategy According to the official announcement, both parties signed a “Memorandum of Understanding” to deploy Ukraine’s crypto […] The post Ukraine Chooses Stellar Foundation to Develop Its CBDC, Regulatory Infrastructure for Stablecoins appeared first on Bitcoin News.

434 +

Ukraine Government Partners With Stellar (XLM) for CBDC Project

The Ukraine government is looking to develop a central bank digital currency (CBDC) following a collaboration with the Stellar Development Foundation (SDF). Ukraine to Develop CBDC on the Stellar Blockchain Network Ukraine’s Ministry of Digital Transformation has inked a Memorandum of Understanding (MoU) with the SDF for its CBDC project. The partnership will see theRead More

374 +

Sri Lanka: Central Bank to Develop Blockchain-Based Proof-Of-Concept KYC Platform

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has short-listed three software development firms to design a shared blockchain-based Proof-of-Concept (POC) Know-your-Customer (KYC) platform, D.

373 +

Bank of Canada CBDC Insight: Zero-Knowledge Proof Are Insufficient for National Scale Integration

A recent analytical staff note by the Bank of Canada on CBDC's has highlighted that higher privacy levels may come at a cost. The bank summarized possible privacy CBDC frameworks as it looks to advance research and development in this space.

513 +

Cambodia’s Central Bank Rolls Out Blockchain Payment System Whitepaper; It’s Not A CBDC

After three years of development, the Cambodian national digital currency may be out later this month, according to a recently released whitepaper. The permissioned blockchain-based payments system differs from the central bank digital currencies, also known as CBDCs, being offered by several states, including China and Russia, the paper states.

496 +

Digital Yuan’s Backend Development Complete, Says Chinese Official

A former senior official of the People’s Bank of China said that the country has completed the backend architecture development of its digital currency.

421 +

Bank of Thailand (BoT) to Develop A Prototype Payments System For Business Using CBDC

Thailand's Central Bank (BoT) has announced that it will roll out a prototype for digital currency payments within the country's business ecosystems. The initiative will be based on an ongoing CBDC project dubbed ‘Inthanon, ‘ which kicked off two years ago in collaboration with Thai's leading financial institutions.

497 +

Binance Joins India’s Digital Exchange Committee, IAMAI, to Advance the Country’s Blockchain Industry

Binance, the leading crypto exchange globally, announced on Thursday that it had joined India's digital asset exchange committee under the Internet and Mobile Association (IAMAI). This comes a few months after the country's Supreme court overturned an earlier decision by the Reserve Bank of India (RBI) to ban crypto operations. Since this development, India is […]

504 +

Samsung-Backed Blocko Partners IsDB to Offer Sharia Compliant Blockchain Lending

The Islamic Development Bank’s (IsDB) research division has collaborated with Blocko, a blockchain technology company, to build a blockchain-powered credit system.   Sharia-compliant Blockchain Lending According to a report by Construction Business News on Tuesday (June 16, 2020) IsDB’s Islamic Research and Training Institute (IRTI) together with Blocko, is developing a blockchain-based credit system for businesses.

417 +

Samsung-Backed Blocko to Build Blockchain-Based Credit System for Arab Bank

The Islamic Development Bank’s research organization has partnered with Blocko to build a blockchain credit management system.

248 +

Bank of Korea launches legal advisory panel for CBDC development

This is part of a series of initiatives being launched by the central bank...

The post Bank of Korea launches legal advisory panel for CBDC development appeared first on Coin Journal.

328 +

South Korea’s Central Bank Focuses on Blockchain and CBDCs in New Ten-Year Plan

The Bank of Korea has revealed a new 10-year development plan for the nation’s economy. The bank is giving blockchain technology and CBDCs a greater priority, with many initiatives planned to be launched by the end of the year.

450 +

Top UN Blockchain Expert Believes Digital Currencies And CBDC’s Pose a Threat To Bank Accounts

Massimo Buonomo, a United Nations global blockchain and fintech expert, said the rising development of CBDCs and the low interest (negative) rates offered in commercial bank accounts may act as a catalyst to make corporate bank accounts obsolete.

518 +

Iranian Official: Central Bank Should be In Charge of Crypto’s; ‘Take Bitcoin Seriously’

An Iranian lawmaker has argued that the country's Central Bank ought to be the oversight body of Bitcoin and other digital currencies. Tasnim news agency was the first to report on this development after Rep Mohammad Hossein Farhangi (Tabriz) shared his sentiments in Parliament.

489 +

Switzerland: FINMA Approves InCore Bank to Carry Out Cryptocurrency Transactions

Swiss financial watchdog, the Swiss Financial Market Supervisory Authority (FINMA) has given the go-ahead to InCore bank to engage in digital asset transactions, the bank announced recently. FINMA Approves InCore Bank for Cryptocurrency Transactions Swiss regulators continue to make crypto-banking services easily-accessible for customers as according to a recent development, the FINMA has given theRead MoreRead More.

475 +

Ripple CEO Calls On US Regulators To Embrace Digital Currencies As Nation Falls Behind China On Crypto Innovation

Ripple CEO Brad Garlinghouse has once again called on the United States regulators to step up and “lean into digital currencies” as the nation is falling behind China in terms of crypto innovation. Notably, China has continued with the development of its central bank digital currency, to the extent of conducting real-world pilot tests on […]

399 +

Bitcoin's role in the digital economy will be bettered by CBDC development

With central banks across the world pumping billions of dollars into the economy through monetary and fiscal policies, never has the need for a central bank digital currency [CBDC] been more clearer.

404 +

People’s Bank of China Pledges to “Accelerate” Blockchain Development, Boost Local Industry

The Financial Technology Committee of the People’s Bank of China, the country’s national bank, held a meeting this week exploring blockchain technology and making decisions for its regulation within the country.

331 +

China’s Central Bank Wants to Speed Up Blockchain Adoption

Officials from the People’s Bank of China push to accelerate adoption of the country’s Fintech Development Plan.

348 +

AI Startup SenseTime Partners With Chinese Central Bank In Development Of Digital Yuan

The well known artificial intelligence (AI) firm SenseTime, valued at $7. 5 billion, has officially partnered with China's digital currency research institute, an offshoot of the Chinese Central Bank, to help in accelerating the creation of digital yuan.

486 +

Bank Of China Expands Tests of New Fintech Regulation to Six More Cities

Bank of China has a plan for fintech development and it’s now expanding pilot projects in six more cities to strengthen fintech regulation

391 +