There is a lot of work ahead on all levels — from regulators and users to businesses and customers — but the process has been initiated: Stablecoins is our inev...
Banks News
A bank is a financial organization that generates revenue by charging interest on lent capital, transaction fees and giving financial advice. The banking sphere is subject to strict governmental regulations, as it is one of the most significant agents in the financial system. Commercial banks are involved in a wide variety of activities, from personal banking and consumer finance to foreign exchange and money market trading. The World Bank is an organization with the aim of reducing poverty and helping underdeveloped countries with economic development. The World Bank Group includes five organizations, with one of them being International Bank for Reconstruction and Development (IBRD), which is often confusingly referred to as the World Bank. Modern times have reduced the barriers of global competition of banks all over the world and has made the banking sphere more and more globalized.
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by Helen Partz
Hong Kong and Thailand’s central banks have stepped closer to implementing a joint central bank digital currency project for cross-border payments.
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Major crypto exchange OKEx is at the 50th WEF Annual Meeting in Davos this week, promoting blockchain and cryptocurrencies as a new motor for the global financi...
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Six major central banks and the Bank for International Settlements jointly created a digital currency research group.
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The Australian Prudential Regulation Authority has proposed a regulatory framework that would have it oversee digital wallets, including Calibra.
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Swiss-based crypto bank Seba is targeting more than $95 million in a second capital raise.
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by Helen Partz
JPMorgan’s blockchain spin-off Kadena has launched its public blockchain, completing what it calls the “industry’s first hybrid blockchain platform.”
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The central bank of China has completed the top-layer design and joint testing of its soon-to-be-released central bank digital currency.
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Christine Lagarde has pushed for the bank’s involvement in the development of a CBDC to address the demand for faster and cheaper cross-border payments.
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China’s central bank reports that it is “progressing smoothly” with its development of a government-backed digital currency.
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The non-profit organization Hong Kong Institute of Bankers has onboarded six virtual banks as corporate members.
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Wells Fargo analyst Mike Mayo predicts that technology will enable efficiency and greater returns for banks this decade.
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Turkish Takasbank has launched its BiGA Digital Gold platform to provide banks with a blockchain-based system for digital gold transfers.
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South Korea's central bank plans to organize a task force dedicated to central bank digital currency research in the new year.
- News
by Helen Partz
Russia’s central bank, The Bank of Russia, has reportedly started testing stablecoins pegged to real assets in a regulatory sandbox.
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