Dubai Gov’t to Launch KYC Blockchain Consortium in Q1 2020
Dubai government to launch a KYC blockchain consortium in collaboration with six banks in Q1 2020 Go to Source Powered by WPeMatico
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New Leaders at Bank for International Settlements Fintech and DLT Research Centers
New leadership named at Bank for International Settlement research centers focused on digital currencies and DLT Go to Source Powered by WPeMatico
Boerse Stuttgart’s Crypto Custody Arm Blocknox Expands Service to Institutional Clients
Blocknox’s crypto custody offer will also be available to fintech companies, banks and asset managers Go to Source Powered by WPeMatico
Bank of Korea Seeks to Deploy Blockchain in Bond Market: Report
South Korea’s central bank is working on a project to distribute bond records on the blockchain, a report says Go to Source Powered by WPeMatico
Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates
The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget under pressure, however, there are indications that Beijing … Read more
Russian Central Bank Links Crypto Transactions With Money Laundering
The Russian central bank now considers any crypto exchange transaction as a money laundering risk Go to Source Powered by WPeMatico
Not All Central Banks Have an Interest in CBDCs
A central bank survey reveals cryptocurrency is set to gain 1.6 billion users within 3 years Go to Source Powered by WPeMatico
Bahamas Digital Dollar to Roll out Across All Islands in H2 2020, Governor Says
After launching the Bahaman digital dollar pilot in December, the Bahamas’ central bank will roll out the initiative across all islands in H2 2020 Go to Source Powered by WPeMatico
Digital Remittances Reach Record High of $96 Billion, Fees Charged by Traditional Providers Open Door for Cryptocurrencies
In a globalized world where labor follows capital, the remittance industry has been growing constantly in both volume and users. Traditional providers like banks and money transfer companies have been charging high fees for their services which creates opportunities for alternative digital platforms and decentralized cryptocurrencies. Also read: Russians Can Use Qiwi, Sberbank, Yandex Money … Read more
Wells Fargo Joins Elliptic’s Series B Investment Round
Wells Fargo invests in crypto compliance firm Elliptic Go to Source Powered by WPeMatico