Category: CBDC

Hong Kong and Thai Authorities Sign Fintech MoU

The Hong Kong Monetary Authority (HKMA) has signed a memorandum of understanding with the Bank of Thailand (BOT), in a bid to promote financial technology (fintech) collaborations between the two regulators, according to a Crowdfund Insider report on May 14, 2019. The Basel Connection Per sources close to the matter, […]

Project Inthanon: Wipro and R3 Launch Interbank Settlement Blockchain with Digital Currency

In a press release to the Bombay Stock Exchange on May 7, 2019, Indian IT powerhouse Wipro along with the R3 consortium announced the launch of an interbank settlement blockchain that will utilize digital currencies. While many Indian companies are researching and implementing distributed ledger, Wipro is the first Indian […]

Thai Central Bank Builds Blockchain Solution for Digital Currency Project

The Bank of Thailand, the country’s central bank, has moved ahead with its digital currency project by building a blockchain-based prototype solution. The solution will enable the central bank to settle interbank transactions using a digital currency among its eight commercial bank partners. BoT’s tech partner Wipro announced the news on […]

Bank of Canada and Singapore Financial Watchdog Exchange Digital Currency on Blockchain

Bloomberg reports on May 2, 2019, that the Bank of Canada and Monetary Authority of Singapore (MAS) have successfully sent each other digital currencies using blockchain technology. This marks the first instance of such a transaction between two central banks. A Big Milestone  In a bid to leverage distributed ledger […]

IMF Spring Meetings: Digital Money Is Imminent, But No Decentralization in Sight

The custodians of global financial order have been prominent in crypto news recently. The weekend kicked off with the announcement of the International Monetary Fund (IMF) joining forces with the World Bank to launch a private blockchain coupled with a “quasi-cryptocurrency” for training purposes, then continued with the Spring Meetings of the two […]

Blockchain Expert Says China’s National Currency Could Become a Cryptocurrency

In an interview with Bloomberg on April 17, 2019, Donald Tapscott, executive chairman of the Blockchain Research Institute, said that China’s official currency, the renminbi (RMB) will soon become a cryptocurrency. Will China Digitize its National Currency? Blockchain Expert Says Yes Cryptocurrencies and China have had anything but a stable […]

Exclusive: World Economic Forum’s project lead compares stablecoins with CBDC

In a press release shared with Crypto Insider earlier this week, Amanda Russo, the public engagement lead at the World Economic Forum’s (WEF) Center for the Fourth Industrial Revolution, revealed that “central banks are emerging as some of the most forward-looking users” of blockchain and distributed ledger technology (DLT). Around […]

World Economic Forum’s project lead compares stablecoins with CBDC

In a press release shared with Crypto Insider earlier this week, Amanda Russo, the public engagement lead at the World Economic Forum’s (WEF) Center for the Fourth Industrial Revolution, revealed that “central banks are emerging as some of the most forward-looking users” of blockchain and distributed ledger technology (DLT). Around […]

WEF: More Than 40 Central Banks Experimenting With Cryptocurrency

Photo: Crossroads Foundation Photos / Flickr The report was published earlier today and takes an analysis of how different central banks are either studying how the blockchain technology can be utilized or are outrightly experimenting with central bank digital currencies (CBDCs). Most of these projects are aimed at resolving issues […]