Sweden’s central bank completes first phase of digital currency pilot
The Riksbank said that CBDC technology still requires further investigation. Go to Source Powered by WPeMatico
Banks
Auto Added by WPeMatico
How banks can identify money laundering involving crypto, explained
What are the tools that banks and financial institutions need to identify money laundering involving crypto? This explained guide reveals all. Go to Source Powered by WPeMatico
After breaking $100 billion TVL, DeFi is now the equivalent of a top 40 U.S. bank
It’s a long road to the #1 spot, but some ecosystem players think we’ll get there eventually. Go to Source Powered by WPeMatico
Indian IT giant Tech Mahindra to launch stablecoin tool for banks
Tech Mahindra wants to provide U.S. banks with a stablecoin solution after the OCC authorized federally chartered banks to use stablecoins for settlement in January. Go to Source Powered by WPeMatico
Bahamas’ Sand Dollar nears commercial rollout as interoperability completed
Following cybersecurity assessments, commercial institutions are being cleared to issue the world’s first CBDC — the Bahamas’ Sand Dollar. Go to Source Powered by WPeMatico
Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned Banks
Following the interview with Ma Changchun, the head of the People’s Bank of China-run Digital Currency Research Institute, a recent report indicates that residents from Beijing and Shanghai can now apply for a digital yuan wallet. According to the report, six different Chinese banks will participate in the process. Beijing and Shanghai Residents Can Apply … Read more
Major South Korean Bank BNK Busan Plans to Offer Banking Services to Domestic Crypto Exchanges
The South Korean crypto frenzy among the banking industry remains on fire, as another major bank is treading waters to offer banking services for crypto exchanges. The BNK Busan Bank launched a program that consists of visiting competitors’ banks that already offer it. BNK Busan Is Visting Its Competitors to Conduct the Research According to … Read more
European Central Bank tries to quell Germans’ doubts about digital euro
A future digital euro wouldn’t be a threat to savers, say officials from the European Central Bank. Go to Source Powered by WPeMatico
Banning Bitcoin is like rejecting the US dollar, entrepreneur warns India
Rejecting crypto as a reserve currency will lead to an Indian currency devaluation of the worst kind, warns blockchain entrepreneur Raj Chowdry. Go to Source Powered by WPeMatico
Crypto-collateralized loans may soon bring new investors to space
“Traditional lending services generally do not exist in the digital currency industry, which means there aren’t many lenders for investors to choose from,” said Jon Melton. Go to Source Powered by WPeMatico