Search Results for: Digital

Canada’s Central Bank Considers Launching a Digital Currency to Combat the “Direct Threat” of Cryptos

Canada’s Central Bank, the Bank of Canada, is considering launching a digital currency that would enable the collection of data on how Canadians spend their money.  The two-year research findings  The Bank of Canada prepared a presentation for Stephen Poloz, the Governor, and the bank’s board of directors. During the internal presentation, members of the bank … Continue reading Canada’s Central Bank Considers Launching a Digital Currency to Combat the “Direct Threat” of Cryptos

Wales Eyes Own Digital Currency for Speedy Business Transactions

Wales has set its sights on creating a complementary digital currency according to an official government announcement on Oct.7th. It has been speculated that it could enhance the nation’s economy by approximately £250m in the next ten years.  The digital currency network known as Celyn is set to enhance business transactions necessitated in the exchange … Continue reading Wales Eyes Own Digital Currency for Speedy Business Transactions

Understanding Digital Asset-Backed Securities: Why is Blockchain Important?

In the second part of our interview with Florian Matthaeus Spiegl of FinFabrik, he explained how FinFabrik helps tackle challenges for many traditional financial services companies, and how the industry can work together to build more inclusive, accessible and efficient systems.   Part 1: Meet the FinTech Entrepreneur: Co-Founder of FinFabrik, Florian Matthaeus Spiegl The digitization drive   Spiegl believes that Bitcoin and other cryptocurrencies are examples of a successful … Continue reading Understanding Digital Asset-Backed Securities: Why is Blockchain Important?

ANNA Develops New Technology Strategy On Digital Assets

In a report published on Oct. 23, ANNA, the Association of National Numbering Agencies apprised the public that it has developed a new technology task force on digital assets which will help to investigate the identification of digital assets in the likes of tokens and cryptocurrencies, blockchain technology and its linked evolution and application in … Continue reading ANNA Develops New Technology Strategy On Digital Assets

Galaxy Digital CEO Michael Novogratz on Bearish Bitcoin, Libra Hearing and Regulator Angst

Michael Novogratz, CEO and Chairman of Galaxy Digital recently appeared on CNBC’s “Squawk Box” where he answered questions on Bitcoin’s bearish trend, Zuckerberg’s appearance on Capitol hill and the sentiment driving regulators of the crypto market. Sentiment and Angst Driving Ecosystem After Facebook CEO, Mark Zuckerberg appeared in congress yesterday, Bitcoin’s price continued to fall. … Continue reading Galaxy Digital CEO Michael Novogratz on Bearish Bitcoin, Libra Hearing and Regulator Angst

eToro CEO: Central Banks will Inevitably Establish Digital Currencies

eToro has proven to be a reckoning force in the multi-asset brokerage sector based on its popularity. It deals with crypto, free stock trading, and social trading.  The establishment of Central Bank Digital Currencies (CBDC) has gained a lot of traction in 2019. Moreover, Facebook announced its Libra Project in June, but it has become … Continue reading eToro CEO: Central Banks will Inevitably Establish Digital Currencies

China Creates New Regulatory Authority for Blockchain Products and Digital Payments

October 2019 has seen change come to China regarding blockchain, technology innovation and future plans in the Chinese financial system.  Earlier this month, China’s President Xi Jinping made announcements on blockchain prompting banks to begin investing in the industry. In line with this, it is reported the next direction will be a new digital currency … Continue reading China Creates New Regulatory Authority for Blockchain Products and Digital Payments

Central Bank Digital Currencies Unmasked by Dr. Alicia Garcia-Herrero at Natixis

Central bank digital currencies (CBDCs) have increasingly sparked interest in recent years. With the notion of China’s central bank, People’s Bank of China (PBoC) announcing its plan to issue its digital currency (DCEP) and Facebook’s Libra stablecoin emergence, the world has been paying more attention to CBDCs.  Alicia Garcia-Herrero, Asia Pacific Chief Economist at Natixis shared her insights into … Continue reading Central Bank Digital Currencies Unmasked by Dr. Alicia Garcia-Herrero at Natixis

South Korea Intensifies Blockchain in Banking but Rules Out Digital Fiat Currency

Innovation has become decentralized globally, with several countries making significant progress while others have struggled with infrastructure and macroeconomic issues. Several factors like state-of-the-art infrastructure, corporate investment, favorable government’s incentives, and policies, and others affect a country’s perception. According to MERIC’s new survey, the US continues to dominate in the blockchain innovation landscape by 34%. … Continue reading South Korea Intensifies Blockchain in Banking but Rules Out Digital Fiat Currency

China’s Central Bank Digital Currency Research Unit Signs Deal with Huawei

The Chinese central bank, People’s Bank of China’s (PBoC) Digital Currency Research Institute, has signed an agreement with multinational telecommunications giant Huawei.  Fan Yifei, the PBoC deputy governor signed the fintech research cooperation agreement between Huawei and PBoC’s Digital Currency Research Institute in Shenzhen at Huawei’s headquarters.   Huawei said that the “strategic cooperation” agreement is for FinTech research. Fan also … Continue reading China’s Central Bank Digital Currency Research Unit Signs Deal with Huawei

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