private sector – DIGIT INFO

41 firms join BIS Project Agora to advance unified ledger applications

DIGIT — Mon, 16 Sep 2024 20:41:13 +0000

The large private companies will work with seven central banks on improving structural inefficiencies in international transfers.

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New Bill Seeks Collaboration Between SEC and CFTC on Digital Assets

DIGIT — Sun, 15 Sep 2024 18:30:20 +0000

A U.S. congressman has introduced the Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets Act (BRIDGE Act), aimed at improving collaboration between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on digital asset regulations. The bill proposes forming a Joint Advisory Committee to unite both agencies and […]

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Russian Economy Sees Growth Despite Western Sanctions and Declining Imports

DIGIT — Mon, 02 Sep 2024 01:30:59 +0000

The Russian economy has experienced substantial growth across various sectors, with unemployment rates remaining historically low, despite ongoing Western sanctions related to the Ukraine conflict. Industrial production, driven by military manufacturing, saw a 3.3% increase in July, and the GDP growth rate for the first half of the year reached 4.6%, compared to 1.8% in […]

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African Union greenlights AI adoption across member states

DIGIT — Sun, 11 Aug 2024 07:20:39 +0000

The strategy aims to fast-track AI development and adoption in Africa, driving innovation and growth that aligns with Nigeria’s digital transformation goals.

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Australia needs blockchain ‘more than ever’ to flip productivity freeze

DIGIT — Tue, 11 Jun 2024 03:18:18 +0000

Australian Parliament Member Andrew Charlton said he believes blockchain technology could add $60 billion to the economy.

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Korean Officials Quit Jobs to Join Crypto Industry, Lawmaker Reveals

DIGIT — Mon, 13 Dec 2021 05:30:16 +0000

Public officials in South Korea are increasingly choosing career opportunities in the cryptocurrency sector. Some of them come from financial authorities which raises ethical questions, according to the findings of a Korean lawmaker, quoted by local media. Former Financial Officials Hired by Major Korean Exchanges A growing number of officials in Seoul are vacating their […]

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Metalla CEO Says Crypto Industry Is a ‘License for the Private Sector to Print Money’

DIGIT — Sun, 30 May 2021 06:30:43 +0000

During an interview this week, Metalla Royalty & Streaming CEO, Brett Heath, explained that he believes cryptocurrencies will lead to the next financial crisis. The precious metals boss said history shows that “mass adoption of a new financial product” typically leads to a financial crisis. Precious Metals Exec Says the Public Embracing Crypto May Lead […]

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Electronic Transactions Association Proposes 7 Guiding Principles for a Digital Dollar

DIGIT — Fri, 07 May 2021 08:30:46 +0000

The Electronic Transactions Association (ETA) has put forward a set of guiding principles to be considered in the creation of a U.S. central bank digital currency (CBDC), also referred to as digital dollar. The organization, which unites hundreds of companies in the payments industry, confirms its commitment to ensuring access to financial services for all […]

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Microsoft President Says the World Is Best Served When Currencies Are Issued and Backed by Governments

DIGIT — Thu, 25 Mar 2021 18:35:38 +0000

Microsoft President Brad Smith says that “The world is best served when currencies are issued, backed by and regulated by governments.” He further emphasized that he is not a fan of encouraging the private sector to issue digital currencies. Microsoft’s President Says Currency Issuance Should Be Left to Governments Brad Smith, President of Microsoft Corp., […]

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