Day: August 5, 2022

The Monetary Authority of Singapore (MAS) and government-owned conglomerate Temasek released the final report of the Singaporean CBDC project, Project Ubin. The report is the fifth and final phase of Project Ubin, Singapore’s blockchain-based multi-currency payments network prototype that was built for the financial industry and blockchain ecosystem. Singapore’s central bank introduced Project Ubin in November 2016, …

MAS Announces Project Ubin’s Successful International Settlement Network in its Final Phase Report Read More »

G20 officials announced on July 11 that they would begin laying the regulatory groundwork for the group to accept digital payments. Digital currency payments may become a reality for G20 members before the next summit in Saudi Arabia. As reported by Kyodo News on July 11, officials revealed that the G20 summit compromising representatives from 19 countries …

G20 Lays Regulatory Groundwork for Accepting Digital Payments Read More »

The Commodity Futures Trading Commission (CFTC), which regulates the U.S. bitcoin and ether derivatives markets, plans to develop a digital asset innovation blueprint by 2024. ·        “We will develop a holistic framework to promote responsible innovation in digital assets,” the swaps regulator teased in its 2020-2024 Strategic Plan, released Wednesday. ·        This “holistic framework” will help keep the CFTC apace …

CFTC Hints at Future Digital Asset Regulatory Framework Read More »

Fabio Panetta, a member of the Executive Board of the European Central Bank (ECB), stated in his address to the European Parliament that the ECB intends to remain at the forefront of discussions concerning the nature of money in the digital world, including the exploration of the desirability and feasibility of establishing a central bank digital currency …

ECB Plans to Lead CBDC Exploration to Unleash Global Power of the Euro Read More »

The Bank of Japan (BoJ) has just announced that it will begin experimenting with a Digital Yen, its own Central Bank Digital Currency (CBDC) to test its technical application and feasibility. Although no timetable for Japan’s CBDC experimentation has been revealed, this is the first announcement by the BoJ that it will commence a Proof …

Bank of Japan Testing Digital Yen CBDC Read More »

Bank of America is considering Bitcoin, Ethereum, and other altcoins to be cash equivalent, and will treat crypto-related transactions as cash advances. An image posted on social network Reddit showed a possible change in credit card terms and conditions of Bank of America regarding cryptocurrencies such as Bitcoin (BTC). Bitcoin, Ethereum, Litecoin, and other cryptocurrencies were …

Bank of America Considers Bitcoin and Crypto Transactions to be Equivalent to Cash Read More »

B21, a digital asset investment company, recently launched their own Blockchain investment portfolio app in light of these changes. They claimed that the Supreme Court of India’s announcement “has led to renewed interest in digital asset investing and a spike in exchange trading volumes” in the country. Speaking with Cointelegraph, Nitin Agarwal, founder and director of B21, commented on …

Crypto Mobile Apps Are on the Rise in India Following Supreme Court Decision Read More »

Australians can now pay for their bitcoin at outlets of one of the country’s oldest organizations, its postal service. In a collaborative effort between Australia Post and Bitcoin.com.au, customers will now be able to use the Post Billpay feature to purchase bitcoin and other cryptocurrencies at over 3,500 post office shops across the country. AusPost confirmed the …

Australia Post Now Lets Customers Pay for Bitcoin at Over 3,500 Outlets Read More »

There have been several significant movements forward for digital assets, and there are more to come. Here’s what to keep an eye on. The fintech industry has been changing rapidly. Digital assets, distributed ledger technology and central bank digital currencies are gaining momentum. Multi-trillion-dollar United States Federal Reserve System money creation has increased demand for …

What Recent Developments in the Fintech Space Mean for Our Future Read More »

KPMG has announced the launch of its patent-pending crypto analytics suite, KPMG Chain Fusion to streamline crypto-related services for financial services and FinTech companies. KPMG Chain Fusion uses a structured data model to combine data from blockchain infrastructures, and traditional systems to provide analytics for business, risk, and compliance purposes.  KPMG has observed that the …

KPMG Launches Patent Pending Crypto Analytics Suite KPMG Chain Fusion for Institutions Read More »