Understanding the systemic shift from digitization to tokenization of financial services
Another hurdle financial services and institutions need to address is mainstream digital asset adoption. Go to Source Powered by WPeMatico
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Central Bank of Sweden Invites Financial Market Actors for Second Phase of E-Krona Pilot
Sveriges Riksbank, the central bank of Sweden, will carry out the next stage of its e-krona project with the help of two organizations from the financial sector. The move signals a transition from the initial in-house testing with simulated participants to cooperation with real, external partners. Riksbank to Work With Handelsbanken and Tietoevry to Test … Read more
Worst UK bank for dealing with scams issues crypto scam alert
NatWest issued a crypto scam warning to mobile banking users after reportedly receiving a record number of complaints in Q1. Go to Source Powered by WPeMatico
Bank of Canada sees no strong case for a digital dollar — for now
Amid the global CBDC race, the Canadian central bank does not currently see a strong case for issuing a state digital currency. Go to Source Powered by WPeMatico
Banks cautious about crypto ahead of COVID-19 testimony before US Senate
CEOs of major American banking institutions are heading to Washington to face legislators’ questions about how they will aid a post-pandemic economic recovery. Go to Source Powered by WPeMatico
Cryptocurrency custody gives commercial banks a foothold in the market
The crypto custody business blossomed in 2019, spearheaded by fintech firms, but now its center of gravity might be shifting. Go to Source Powered by WPeMatico
‘Chinese Invented Paper Money and They Will End It’- Brazil’s Far-Left Praises Digital Yuan
Digital currencies, those issued by central banks in particular, have been commended for their “disruptive nature.” The praise comes from a publication associated with one of Brazil’s far-left parties. A recently published article claims that CBDCs such as China’s digital yuan can radically change global finances and government policies. Digital Yuan to Do Away With … Read more
Bank of Korea Seeking Technology to Develop Digital Currency
South Korea’s monetary policy regulator is taking steps to create its own digital coin. Bank of Korea is now looking for a technology provider to develop a test environment for the project. The news comes after major commercial banks expressed skepticism over their cooperation with domestic cryptocurrency exchanges. Central Bank of Korea to Launch Pilot … Read more
Has Wall Street taken over Bitcoin?
Institutional adoption is threatening Bitcoin’s revolutionary mission, says Ben Hunt, founder of Second Foundation Partners Go to Source Powered by WPeMatico
Bank of Russia to Launch Digital Ruble Prototype by End of Year
The Central Bank of Russia (CBR) is preparing to release a digital prototype of the national fiat towards the end of 2021, a high-ranking official has confirmed. Transfers between private individuals will be free of charge with the digital ruble, which is going to have legal tender status on par with Russia’s traditional currency. Bank … Read more