Jamaica’s central bank taps Irish tech outfit for CBDC project
The Bank of Jamaica has partnered with an Ireland-based tech firm for its central bank digital currency project scheduled to begin in May. Go to Source Powered by WPeMatico
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German federal bank runs successful blockchain system without a CBDC
Executives at the Deutsche Bundesbank are eager to launch a blockchain-based system without the need for a CBDC — and they just might succeed. Go to Source Powered by WPeMatico
China’s digital yuan will offer best privacy protection, says official
The People’s Bank of China intends to enable anonymous digital yuan transactions of small amounts in order to protect “reasonable” anonymity needs. Go to Source Powered by WPeMatico
Nigeria’s central bank not discouraging people from trading crypto, says governor
The governor of the Central Bank of Nigeria has seemingly softened his stance on crypto for individuals, if not banks. Go to Source Powered by WPeMatico
Central Bank of Nigeria Official Reiterates Nigerian Residents Free to Trade Cryptos: Directive Only Applies to Banking Sector
A senior executive with Nigeria’s central bank, Adamu Lamtek, has reportedly denied that his institution had placed restrictions on the use of cryptocurrencies. Instead, Lamtek, who is the deputy governor responsible for corporates services at the Central Bank of Nigeria (CBN), says his organisation’s directive only applies to the banking sector. Prohibition Only Applies to … Read more
Bank of Thailand plans to regulate asset-backed stablecoins this year
After issuing a warning against a Baht-pegged stablecoin produced by a South Korea-based firm, Thailand plans to introduce a series of regulations for stablecoins in 2021. Go to Source Powered by WPeMatico
French Lawmaker Signs Petition to Allow Central Bank to Buy and Hold Bitcoin
A French parliament member has signed a petition to amend the laws to enable the central bank of France to buy and hold bitcoin as well as other cryptocurrencies. The petition urges lawmakers to urgently consider the matter, warning that not owning bitcoin will put France “in a financially weak position within 5-10 years.” Petition … Read more
Bank of Russia to start digital ruble trials in 2022
The Bank of Russia hopes to complete a prototype platform for a digital ruble by the end of 2021. Go to Source Powered by WPeMatico
Chinese banks pilot digital yuan at Shanghai department stores
The Bank of Communications and China Construction Bank conducted digital yuan trials at two major department stores in Shanghai. Go to Source Powered by WPeMatico
South Korean Shinhan Bank pilots digital currency platform with LG CNS
South Korean commercial bank Shinhan Bank has built a digital won pilot platform in collaboration with LG CNS. Go to Source Powered by WPeMatico