Cambodia is one of the leaders in CBDCs in Asia. The use case for the country is clear. Here are the others. At the recent Singapore Fintech Festival, the city-state’s announcement that it would pursue a wholesale central bank digital currency (CBDC) pilot next year was big news, and justifiably so. As Southeast Asia’s key financial …
By Pete Schroeder WASHINGTON, March 7 (Reuters) – Federal Reserve Chairman Jerome Powell significantly downplayed the possibility of the central bank issuing its own digital currency, and said if it ever came to pass, the government would play a limited role. Testifying before Congress Thursday, Powell said policymakers were “nowhere near” taking action on adopting such …
Powell says Fed not “remotely close” to a central bank digital currency Read More »
Central banks around the world have stepped up their efforts to explore and develop their own digital currencies (known as CBDCs),[1] an electronic equivalent to cash. New technologies in retail payments (e.g. mobile payments, digital wallets and the potential future deployment of crypto-asset payments) and changes in people’s payment habits have fuelled the interest of central banks …
A digital euro: gauging the financial stability implications Read More »
Many of the world’s monetary authorities are seeking more guidance on how best to pursue digital forms of central bank money Central bank digital currencies can improve payment systems as well as financial inclusion—if they are appropriately designed. If not, they could pose risks. While not all countries may see an immediate case to deploy …
Central Bank Digital Currency Development Enters the Next Phase Read More »
Today Standard Chartered in China said it is amongst the first foreign banks to take part in the digital yuan business pilot. It has started providing digital RMB exchange and redemption services via City Bank Clearing. The Chinese arm of BNP Paribas started offering wallet services to corporate clients in May. And in July the Chinese arm of Singapore’s DBS Bank launched a …
Standard Chartered joins digital RMB business pilot Read More »
Ethereum blockchain data services company Etherscan announced Wednesday that it has acquired Solscan, a block explorer for the Solana blockchain, in a bid to expand its capabilities across multiple blockchains. Built and launched in 2015, Etherscan is a block explorer for the Ethereum blockchain, which means it provides access to blockchain data and allows users to search, …
Etherscan acquires Solscan to expand its blockchain data services Read More »
Franklin Templeton executive Sandy Kaul said in a report that a pathway to reengineering the global financial markets can be seen for the first time. Major financial firms like JPMorgan and the Hong Kong and Shanghai Banking Corporation (HSBC) have ramped up their blockchain-related activities heading into 2024, accelerating the adoption of distributed ledger technology …
Blockchain adoption ‘accelerating very quickly’ in big finance — Franklin Templeton exec Read More »
This multichain crypto wallet makes DeFi accessible and user-friendly, paving the way for mass adoption. Decentralized finance needs simplicity to get any interest from everyday users. StrikeX delivers a wallet with an easy-to-use mobile app to onboard more users to DeFi. The current wave of the tech revolution, with blockchain at the forefront, is changing the …
How user-friendly Web3 wallets bridge the gap between TradFi and DeFi Read More »
The company president says Square Enix will be “aggressive” in its application of AI and other cutting-edge technologies. NEWS Multimedia entertainment company Square Enix is working to modify its organizational structure and optimize company resource allocation to support a renewed focus on implementing artificial intelligence (AI), blockchain, Web3 and cloud technologies in 2024. Square Enix …
Square Enix will modify organizational structure to support blockchain, Web3, AI in 2024 Read More »
The Bank for International Settlements 2024 program features six new projects exploring the issues of cybersecurity, fighting financial crime, CBDCs and green finance. The Bank for International Settlements (BIS) Innovation Hub will proceed to the second phase of its central bank digital currency (CBDC) privacy testing and launch a blockchain-based tokenization project in 2024. On …
BIS announces CBDC, tokenization projects for 2024 Read More »
