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BitBrum • November 19, 2017

  Cryptobates Group and Inspiring Co. are delighted to announce Birmingham’s inaugural BitBrum cryptocurrency and blockchain conference to be held…

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Tag: centralized digital currency

U.K.’s House of Lords Holds Hearing on Potential for Blockchain

Category: Finance, News, Regulation

U.K.’s House of Lords Holds Hearing on Potential for Blockchain

On July 20, 2016, the Economic Affairs Committee of the House of Lords held a hearing to educate themselves on the potential benefits and risks of using blockchain technology and the effect it may have on the economy. The lively discussion raised some interesting points and questions; while shedding light on recent research on a central bank issued digital currency,…

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Bank of England Working On Centrally Controlled ‘RSCoin’

Category: Finance, News, Regulation, Tech

Bank of England Working On Centrally Controlled ‘RSCoin’

The UK’s central bank is working with researchers at University College of London (UCL) on a centrally controlled digital currency based on Bitcoin, according to a report from the MIT Technology Review. The cryptocurrency framework, dubbed RSCoin, allows central banks to maintain complete control over the monetary supply, but relies on a distributed set of authorities to prevent double-spending. Similarly…

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China’s Central Bank Governor: Digital Currencies Will Inevitably Replace Cash

Category: Business, News, Regulation

China’s Central Bank Governor: Digital Currencies Will Inevitably Replace Cash

Zhou Xiaochuan, the governor of the People’s Bank of China (PBOC), has been in charge of the monetary policy of the nation’s central bank since 2002. For nearly a decade and half, Zhou has successfully pushed China’s financial system reform forward, calling for the renminbi, or the Chinese yuan, to become an international reserve currency. The efforts of Zhou and…

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Moving Toward a Cashless Society: Norway’s Two Largest Banks Abandon Cash

Category: News, Regulation

Moving Toward a Cashless Society: Norway’s Two Largest Banks Abandon Cash

Norway’s largest bank, DNB, has suggested that the Ministry of Finance ban the circulation of cash, as a part of the nation’s major initiative to reduce black market sales and financial crimes like money laundering and fraud. “Today, there is approximately 50 billion kroner in circulation and [the country’s central bank] Norges Bank can only account for 40 percent of…

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