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In a speech delivered at the Future of Fintech Conference, Tom Mutton - Director responsible for Central Bank Digital Currency at the Bank of England, provided an update on the progress of central bank-issued digital currency. According to Mutton, CBDCs are viewed by the bank
The advent of the Digital Euro may spark a reduction in cash deposits by 8%, estimated by Morgan Stanley.
Central banks are not traditionally known as trailblazers; stability tends to outweigh efficiency and innovation within these institutions every day. And
CBDCs: Swiss National Bank, Banque de France, BIS Innovation Hub, Accenture launch new digital currency pilot.
On June 15th, the House Financial Services Committee, Task Force on Financial Technology (Fintech) will hold a hearing on central bank digital currency (CBDCs). Entitled, Digitizing the Dollar: Investigating the Technological Infrastructure, Privacy, and Financial Inclusion Implications of Central Bank Digital Currencies, the hearing will dive
China reportedly implemented the country’s first blockchain-powered digital yuan transactions in the Xiong’an New Area.
National Internet Finance Association of China: Standardized Cosmetic Surgery-Related Financial Products and Services The past few years have seen the rapid development of cosmetic surgery in China. In order to better serve their customers, some financial institutions have cooperated with third-party cosmetic surgery agencies to
The Central Bank of France and Switzerland have launched a joint cross-border CBDC trial.
The Central Bank of Nigeria says it is gearing up to test a sovereign digital currency to ease foreign remittance restrictions.
Regulatory clarity enables crypto companies to continue to innovate, Zac Prince says.