#central bank digital currency

Hong Kong and Thai Authorities Sign Fintech MoU

May 16, 2019 by Ogwu Osaemezu Emmanuel at Business, Finance, News, Regulation

The Hong Kong Monetary Authority (HKMA) has signed a memorandum of understanding with the Bank of Thailand (BOT), in a bid to promote financial technology (fintech) collaborations between the two regulators, according to a Crowdfund Insider report on May 14, 2019. The Basel Connection Per sources close to the matter,...

Project Inthanon: Wipro and R3 Launch Interbank Settlement Blockchain with Digital Currency

May 8, 2019 by Ashwath Balakrishnan at Adoption, Blockchain, Finance, News, Tech

In a press release to the Bombay Stock Exchange on May 7, 2019, Indian IT powerhouse Wipro along with the R3 consortium announced the launch of an interbank settlement blockchain that will utilize digital currencies. While many Indian companies are researching and implementing distributed ledger, Wipro is the first Indian...

Coin Looking at Marshall Islands through Binoculars

The Marshall Islands Digital Currency to Go Live Later in 2019

March 11, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Blockchain, Commentary, Finance, News, Regulation

Despite being criticized by several observers in the international community, including the International Monetary Fund (IMF ) and others, the government of the Marshall Islands remains focused on launching a cryptocurrency later in 2019. The country is reportedly working with Israeli fintech firm, Neema to ensure the Sovereign (SOV) stablecoin...

Bank Crypto Digital Currency Central Blue Gold

Fintech Firm Launches Blockchain CBDC Pilot with Eastern Caribbean Central Bank

March 8, 2019 by Ogwu Osaemezu Emmanuel at Blockchain, Finance, News, Tech

Bitt, a portfolio company of Medici Ventures, the leading blockchain accelerator and subsidiary of Overstock, has joined forces with the Eastern Caribbean Central Bank (ECCB) to conduct a distributed ledger technology (DLT) based Central Bank Digital Currency (CBDC) pilot across member countries in the Eastern Caribbean Currency Union (ECCU), according...

Man Holding Banking Report Outside of the Bank of Japan

Japan: Central Bank Releases Comprehensive Central Bank Digital Currency Report

February 21, 2019 by Eddie Mitchell at Adoption, Altcoins, Blockchain, Commentary, Finance

The Bank of Japan (BoJ) has issued a working paper that details the numerable pros and cons of central bank digital currencies (CBDCs). Published on February 19, 2019, the paper explores hypothetical problem areas, how and when CBDC’s can be used, as well as speculating on the economic implications. General...

IMF Highlights Need for Global Roundtable Cryptocurrency Talks

IMF Releases Report on Cryptocurrencies: Highly Regards the Technology’s Benefits and Use Cases

June 5, 2018 by Shaurya Malwa at Altcoins, Bitcoin, Commentary, Ethereum, News

The global financial crisis, the most recent being the 2008 crisis and the humongous bailout packages for top financial institutions and even the entire economies like Greece, definitely raised some eyebrows over central banks’ monopoly on the issuance of currency. With this in mind, the June 2018 edition of International...

Ecuador Halts Download of Cryptocurrency Wallet for State-sponsored Coin

February 13, 2018 by JaketheCryptoKing at Blockchain, Finance, News, Tech

Barbados was the first country to release their own digital currency with Ecuador soon following. Ecuador’s digital currency was unique as it was released by their central bank at the beginning of February 2018. Many other countries have pondered this idea and have not taken action to pilot the implementation...