The Unstoppable Trajectory: Stablecoins Are Evolving Traditional Finances
Neither fiat nor crypto, but a mixture of both: What are the stablecoins really for? Go to Source Powered by WPeMatico
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Hong Kong and Thailand Pilot DLT-Based Project for Cross-Border Payments
Hong Kong and Thailand’s central banks have piloted a Corda-based CBDC project for cross-border payments Go to Source Powered by WPeMatico
OKEx at Davos: Blockchain Best Placed to Meet the Needs of the Unbanked
OKEx’s Lennix Lai argued that a digital, decentralized financial system underpinned by blockchain and crypto can be of mutual benefit to institutions and the unbanked Go to Source Powered by WPeMatico
Six Major Central Banks to Collaborate on Digital Currency Research
The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland and the Bank for International Settlements created a CBDC research group Go to Source Powered by WPeMatico
Australian Financial Regulator Could Oversee Facebook’s Calibra Wallet
The Australian Prudential Regulation Authority proposed a fintech regulatory framework that would have it oversee Libra’s corresponding Calibra wallet Go to Source Powered by WPeMatico
Swiss-Regulated Digital Asset Bank Plans $95M Capital Raise
Seba, a licensed Swiss bank offering crypto services looks to attract over $95 million in a secondary capital raise Go to Source Powered by WPeMatico
JPMorgan’s DLT Spin-off Completes Industry’s First Hybrid Blockchain
JPMorgan’s blockchain spin-off Kadena has fully launched its public blockchain, completing what it calls the “industry’s first hybrid blockchain platform” Go to Source Powered by WPeMatico
Fed Officials Ponder Funding Hedge Funds and Private Brokers Directly
On January 13, the New York Federal Reserve gave $60.7 billion to eligible private financial institutions by leveraging U.S. Treasurys and agency securities. With all the stimulus given to financial institutions since September, it hasn’t relieved the stress of economic uncertainty. Now the Fed is pondering giving money directly to hedge funds and private brokers … Read more
China Issues Digital Currency Guide for Party Cadres
Understanding a complex subject should be easier with access to educational materials. With blockchain and CBDC now part of Beijing’s political vocabulary, the Communist Party of China (CPC) has issued a guide to digital currencies meant to prepare party officials for upcoming changes in the country’s financial system. Also read: China Saw $11.4 Billion in … Read more
China’s Central Bank Completes Top-Later Design and Joint Tests of Planned CBDC
People’s Bank of China has announced the realization of the top-layer design and joint testing of the planned digital yuan Go to Source Powered by WPeMatico