The European Union and China recently had trade and economic discussions regarding topics including central bank digital currencies (CBDC) and supply chain. During the video conference, according to the Ministry of Commerce of China, the two parties discussed the strategic cooperation of the steady recovery and growth of the global economy post-pandemic. According to the …
The Bank of Japan is reportedly expediting the development of its Central Bank Digital Currency (CBDC). A top official of the Asian giant’s apex bank Takeshi Kimura confirmed this while speaking to Japanese news outlet The Asahi Shimbun. Takeshi said that the bank will begin substantive testing of its CBDC as pressure mounts following the fear of …
Bank of Japan Now Considers its CBDC Project a Top Priority Read More »
The Tel Aviv Stock Exchange (TASE) has announced it will be launching a blockchain-based platform that will enhance digital securities transactions and sharing. TASE, the only stock exchange in Israel said that it began testing the blockchain-based solution in March and it is on course to be officially launched in November. The blockchain platform is a centralized …
Tel Aviv Stock Exchange To Launch Blockchain Based Securities Lending Platform Read More »
The Malaysian Securities Commission (SC) has announced that it plans to extend additional regulations to cover both old and new wallet providers in the country. The new regulation will be infused into the existing regulations governing cryptocurrencies related activities in Malaysia. The new regulations are expedient owing to the important role of cryptocurrency wallet providers in safeguarding …
Malaysian Authorities to Extend Crypto Regulations to Wallet Providers Read More »
Shortly after Mastercard showed its hand on its stance on cryptocurrency, Visa published a blog announcing that the payments giant is advancing its approach towards digital currency. PayPal was recently rumored to have partnered with Paxos to provide crypto trading services. Visa described three values that will evolve its digital currency strategy, including the maintenance of robust …
Visa Joins Mastercard and PayPal in Turning Bullish for Crypto and Digital Currencies Read More »
The office of the U.S. Treasury that handles banks has issued a determination on the long-debated subject of custodying crypto assets Per a July 22 announcement shared with Cointelegraph, the Office of the Comptroller of the Currency (OCC) is granting permission to federally chartered banks to custody cryptocurrency. The future of banking with crypto on …
US Banking Regulator Greenlights Crypto Custody at Federally Chartered Banks Read More »
The People’s Bank of China (PBoC) has published a set of evaluation rules for blockchain-based finance applications. The published rules aim to provide regulatory oversight using three basic standards bordering on technical, performance, and security. The regulations will affect banks, insurance companies, brokerages, and other financial institutions that have or plan to integrity blockchain. The Chinese central …
China’s Central Bank Publishes Rules for Blockchain-Based Financial Applications Read More »
The China Securities Regulatory Commission, or CSRC, recently issued a letter approving five regional equity markets. They will include equity centers in Beijing, Shanghai, Jiangsu, Zhejiang and Shenzhen. These and other regions received authorization to begin experimenting with a blockchain pilot in early July. Blockchain and equity trading According to Beijing Local Financial Supervision and Administration, …
China Considers Implementing Blockchain Tech in Equity Trading Centers Read More »
Japan’s central bank announced that it has set up a new research team to dive deeper into Central Bank Digital Currency (CBDC) experimentation and development. The Bank of Japan (BOJ) is possibly preparing for a CBDC, given the recent rising demand for classless payments and growing interest among other central banks. The New Team to Explore the …
Bank of Japan Sets Up New Research Team For Digital Yen CBDC Development Read More »
Earlier this year, Banque de France, the French central bank launched a program of experiments to test out the potential central bank digital money aimed for interbank settlements. Potential participants have been invited to submit their applications to experiment with the digital euro, and Banque de France announced the 8 successful applicants: Accenture, Euroclear, HSBC, Iznes, …
