Search Results for: Central

Israeli Central Bank Official Embraces CBDC Competition with Banks for Economic Growth

Israeli central bank official, Andrew Abir, sees the introduction of the digital shekel as a catalyst for technological advancements that will drive competition in the banking sector. He acknowledges the ongoing efforts to increase competition in the Israeli banking industry and states that there is still a long way to go. Abir notes that public … Continue reading Israeli Central Bank Official Embraces CBDC Competition with Banks for Economic Growth

Exclusive: Can Web3 Foundation Achieve a Truly Decentralized Web?

Exclusive interview with Jack Platts: Part 2 Following the technical underpinnings of Polkadot in Part 1, Jack Platts, Head of Collaborations Web3 Foundation reveals their effort towards the goal of the decentralized web! He also explained the governance and technical challenges in achieving a decentralized web! How Web 3 Foundation can achieve a truly decentralized … Continue reading Exclusive: Can Web3 Foundation Achieve a Truly Decentralized Web?

Singapore’s Central Bank Raises Alarm About a Bitcoin Scam

Singapore’s Central Bank has announced that a website instigating fake claims to woo Singaporean investors is operational. Notably, this financial regulator has called out its activities as investors are prompted to purchase Bitcoin. The Monetary Authority of Singapore (MAS) has been pivotal in showcasing the website’s fabricated declarations about Bitcoin investment linked to Goh Chok … Continue reading Singapore’s Central Bank Raises Alarm About a Bitcoin Scam

China’s Central Bank Accelerates R&D of its Legal Digital Currency

People’s Bank of China, the Central Bank of China made an announcement of the acceleration of the development of its legal digital currency. In July, former PBoC governor Zhou Xiaochuan warned that China must take precautions against Libra and must compete against them. The PBoC started to research on digital currencies as Bitcoin became increasingly popular.   Huawei’s CEO Responds to … Continue reading China’s Central Bank Accelerates R&D of its Legal Digital Currency

India's Central Bank Slammed with a Two Week Crypto Ban Ultimatum

A slam has been imposed on India’s central bank by the nation’s supreme court about the manner in which it has prohibited crypto business. This development has been instigated by the presence of several complaints.  In the most recent session of the ‘IAMAI v. RBI’ case, the court has claimed that the Reserve Bank of … Continue reading India's Central Bank Slammed with a Two Week Crypto Ban Ultimatum

Brazil Central Bank Moves to Follow IMF Crypto Classification Guidelines

The Central Bank of Brazil has adopted the classification of cryptocurrencies being sold or purchased under the International Monetary Fund (IMF) guidelines.      According to the announcement from the Brazil Central Bank, IMF guidelines will now be followed. Cryptocurrencies will be classified as non-financial products and will be classified as goods on its balance sheet.      The external sector … Continue reading Brazil Central Bank Moves to Follow IMF Crypto Classification Guidelines

Central Banks to Cross-Examine Libra’s Founders in Switzerland

The European Central Bank (ECB) officials and 25 global central banks will be meeting with Libra’s founders to assess the project.    Libra previously reaffirmed its stance where the long launch schedule was to welcome any engagement with regulators and politicians. ECB executive, Benoit Coeure recently warned that Libra has to clear a “very high” bar as EU finance ministers … Continue reading Central Banks to Cross-Examine Libra’s Founders in Switzerland

Calibra CEO Defends Libra at Its First Major Encounter with 26 Global Central Banks

David Marcus, the CEO of Calibra, behind Facebook’s Libra has announced that the proposed stablecoin would not be a threat to the monetary sovereignty of nations as suggested previously by regulators.  A meeting was held on Monday in Switzerland at the Bank for International Settlements (BIS) between the 26 global central banks and the founders … Continue reading Calibra CEO Defends Libra at Its First Major Encounter with 26 Global Central Banks

Investment Funds for 2020 | Index Funds Centralized Decentralized and the Blockchain

Investment Funds for 2020 | Index Funds Centralized Decentralized and the Blockchain On the outset, this article has been written to put in perspective Index Funds as we know them, which new kind of Index Funds are developing with Cryptocurrencies (Digital Assets) and what developments are taking place in the Global Capital Markets with Blockchain … Continue reading Investment Funds for 2020 | Index Funds Centralized Decentralized and the Blockchain

Cisco Partners with SingularityNET to Decentralize Artificial Intelligence with Blockchain

Tech conglomerate Cisco and decentralized artificial intelligence (AI) firm SingularityNET have reached a partnership to develop a decentralized Artificial General Intelligence (AGI) project. The ambitious project aims to create more advanced AI technologies that will soon be able to exceed human abilities to learn and perform new tasks.    AGI is an emerging new field of AI that … Continue reading Cisco Partners with SingularityNET to Decentralize Artificial Intelligence with Blockchain

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