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The Monetary Authority of Singapore now requires cryptocurrency providers and exchanges to be licensed under some of the same regulatory elements as traditional financial service providers.
An act regulating cryptocurrency firms comes into effect on Jan. 28 in the Republic of Singapore.
A draft of an Indian national strategy on blockchain floats the idea of a central bank digital currency, the digital Indian rupee, and a national blockchain.
The World Economic Forum (WEF) has initiated a development framework and tools for Central Bank Digital Currencies (CBDC). The first official framework for cooperation, “CBDC Policy ‑ Maker’s Toolkit”, will now provide recommendations for central banks around the world on this matter. One of the main purposes of this report is to assist central banks worldwide in assessing whether developing their own CBDC is suitable for their own cities or countries. Banks that are already in the research phase will also receive greater guidance in their plans towards developing a CBDC.
The Bank for International Settlements (BIS) recently revealed research data on the issuance of Central Bank Digital Currency (CBDC), which found that only 10% of central banks around the world are likely to launch their own CBDC soon.
How can currency, and its value for its holders, sustainably play out over the next decade? We see three forks in the road ahead of us.
The Inthanon-LionRock Fintech project between the Bank of Thailand (BOT), Hong Kong Monetary Authority (HKMA), and ten commercial banks began their cooperation in May, last year. The project is a prototype for cross border remittance service using Central Bank Digital Currency (CBDC) and has now finally reached a constructive working product.
Japanese lawmakers from the ruling Liberal Democratic Party are preparing a proposal recommending digital currency.
World Economic Forum establishes consortium focused on creating Governance Framework for virtual currencies.
During a panel discussion at the World Economic Forum which included the topic of Central Bank Digital Currencies (CBDCs), David Marcus, Head of Calibra, highlighted that digital currencies are the
Why are Central Bank Digital Currencies (CBDCs) important? Do we really need them? What are the implications? How will they be designed? Here are seven key takeaways you need to know.
Panellists discuss the delicate balance needed between the private and public sector
Bank of International Settlements (BIS), a collaboration between central banks from Canada, Sweden, Switzerland, Japan, EU, and the UK, has announced the joint effort to study the feasibility and merits of Central Bank Digital Currency (CBDC).
In 2019, the BIS opened innovation hubs in Hong Kong, Singapore and Switzerland