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South Africa’s Central Bank has successfully implemented a Proof-of-Concept for an interbank payment system that tokenizes fiat using an Ethereum-based blockchain Go to Source Powered by WPeMatico
Despite reports of the Zimbabwe High Court’s reversal of the Reserve Bank of Zimbabwe’s (RBZ) recently issued cryptocurrency ban, the country’s leading bitcoin exchange, Golix, is yet to restore trading on its platform. In an email recently sent to customers of the exchange, Golix sought to clarify that it has been granted “an interim relief,” … Read more
Hong Kong official says central bank digital currency not needed right now due to the superiority of existing infrastructure Go to Source Powered by WPeMatico
Central bankers are being warned by researchers that the crypto revolution will overtake the system they are in-charge of preserving. Recently, British economic historian and author Niall Ferguson told the Bank of England that Bitcoin is the financial system of the future. Also Read: This Week in Bitcoin: McAfee’s Bullish Prediction and a Guy Living … Read more
The governor of the Bank of England Mark Carney said at an event in Stockholm that he is open to the idea of a central bank digital currency Go to Source Powered by WPeMatico
India’s banking system has taken a harsh stance against cryptocurrencies as banks dig their heels in against crypto Go to Source Powered by WPeMatico
Bank of Spain governor thinks blockchain is immature but shows promise, and writes crypto off as too volatile and prone to money laundering use Go to Source Powered by WPeMatico
Mitsubishi Group and a Singapore bank complete cross-border payment using major Thai bank Krungsri’s blockchain tech Go to Source Powered by WPeMatico
Poland’s Finance Ministry scraps its current crypto tax policy, admitting it may make traders pay “an amount often exceeding the funds invested” Go to Source Powered by WPeMatico
Five writ petitions have now been filed against the order by the Reserve Bank of India (RBI) banning banks from providing services to entities dealing with cryptocurrencies. The country’s Supreme Court has set a date to hear all petitions but has barred all other courts from accepting any new ones. Also read: US State Issues Emergency … Read more