Search Results for: National

Sierra Leone Revamps National ID Infrastructure with Blockchain

Julius Maada Bio, Sierra Leone’s President, has asserted that the nation intends to use blockchain technology in restructuring the national ID network by the end of 2019. He noted that this would be a considerable breakthrough as financial companies will be provided with the chance to authenticate personal identities and create credit histories.  The ID … Continue reading Sierra Leone Revamps National ID Infrastructure with Blockchain

First Ever Blockchain-Based IPO Launches on National Stock Exchange

MERJ Exchange, the national stock exchange of Seychelles had previously announced a partnership with a UK-based fintech firm, Globacap to issue tokenized securities available on the MERJ exchange platform. MERJ Exchange became the first national stock exchange to list tokenized securities. The exchange is now launching an IPO of the tokens.    Globacap, founded in 2017 and based in the … Continue reading First Ever Blockchain-Based IPO Launches on National Stock Exchange

Turkish Government Announces Plans for National Blockchain Infrastructure

The Ministry of Industry and Technology of the Turkish Government announced its plan for a national blockchain infrastructure used in public administration on Sept. 18 in Ankara.    Strategy 2023, a presentation set out by the Turkish Ministry of Industry and Technology, pointed out blockchain and distributed ledger technology as priorities for the coming year. The … Continue reading Turkish Government Announces Plans for National Blockchain Infrastructure

US Congressmen Ask Federal Reserve to Create National Digital Currency

Two members of the United States House of Representatives Financial Services Committee recently asked the Federal Reserve if it has any plans to create a U.S. dollar digital currency. Fed Must Ensure Monetary Stability On Sept. 30, U.S. Representatives French Hill and Bill Foster sent a letter to to Federal Reserve Board Chairman Jerome Powell outlining … Continue reading US Congressmen Ask Federal Reserve to Create National Digital Currency

Belt and Road Initiative – Hong Kong the Gateway for RMB Internationalization

The Belt and Road Initiative (BRI) is a transcontinental long-term policy and investment program which aims at infrastructure development and acceleration of the economic integration of countries along the route of the historic Silk Road.  BRI was unveiled in 2013 by China’s President Xi Jinping and, according to the Belt and Road Portal, the massive project will … Continue reading Belt and Road Initiative – Hong Kong the Gateway for RMB Internationalization

China’s Central Bank Rolling Out DCEP National Currency, While Saying ‘Libra Won’t Succeed'

China has been reportedly developing its central bank-issued digital currency for a while and is believed to be ready to launch by China’s central bank, People’s Bank of China (PBoC).  Huang Qifan, the Vice Chairman of the China International Economic Exchange Center (CIEE), stated that the PBoC has continued to be committed to becoming the first country in the … Continue reading China’s Central Bank Rolling Out DCEP National Currency, While Saying ‘Libra Won’t Succeed'

Government of India to Deploy Blockchain Technology at a National Level

The Indian government has been eyeing blockchain technology since as it has a huge potential of being applied in various sectors such as banking, cybersecurity, education, and governance, securing the future of their economic development and growth. This strategic plan was made known in response to a question in the Lok Sabha as reported by … Continue reading Government of India to Deploy Blockchain Technology at a National Level

China’s Low-Cost National Blockchain Service Network to Launch in April

The Chinese government’s State Information Center revealed its plans for its national Blockchain Service Network (BSN), aiming to provide small businesses and individuals to operate blockchain applications easily without using a private blockchain network.  Tang Sisi, the Deputy Director of the Smart City Development Research Center of the State Information Center said that the BSN will … Continue reading China’s Low-Cost National Blockchain Service Network to Launch in April

Coinbase Custody Launches New International Institutional Grade Crypto Service to European Clients

With its operations based in Dublin, Ireland, Coinbase Custody launched its institutional-grade crypto asset storage service to clients in Europe.  The cryptocurrency exchange launched Coinbase Custody in 2017 for institutional clients such as hedge funds and family offices. Its assets under management have over $7 billion in cryptocurrency assets, with its acquisition of Xapo’s institutional custody business in … Continue reading Coinbase Custody Launches New International Institutional Grade Crypto Service to European Clients

The National Bank of Cambodia Looking to Launch New Centralized CBDC This Quarter

The National Bank of Cambodia digital currency, which is a central bank digital currency, called Bakong, was launched on a trial basis in Cambodia in July 2019.   Chea Serey, the director-general of the National Bank of Cambodia, said that the CBDC will be operational and launched this quarter. Described as “the national payment gateway for Cambodia,” … Continue reading The National Bank of Cambodia Looking to Launch New Centralized CBDC This Quarter

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