PYMNTS

APRIL 21, 2020

The Central Bank of Argentina (BCRA) is trying out blockchain in a new clearing system, and the technology could eventually be used by other large banks, according to CoinDesk. One of the main goals of the project is to show the other uses for blockchain beyond just cryptocurrency.

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Central Bank Returns Blockchain Cryptocurrency 72

PYMNTS

JULY 29, 2020

The Philippines central bank is now considering creating its own central bank digital currency (CDBC), it said during a virtual meeting, having formed a committee to address the issue, Bloomberg reported. He added that while cryptocurrency is important, the blockchain technology behind it is equally so.

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Data Breach Central Bank Breach Cryptocurrency 58

Clearly Payments

AUGUST 24, 2024

World Bank data indicates that global remittances reached $794 billion in 2023. According to the Bank for International Settlements (BIS), 114 central banks, representing over 95% of global GDP, were engaged in some form of CBDC research or development by the end of 2023.

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Debit Card P2P Cross-Border Central Bank 105

CoinRemitter

JUNE 26, 2024

The impact of blockchain technology is visible across various industries worldwide. Today, blockchain integration in business is not just a trend but a strategic move. Blockchain’s decentralized nature offers immense opportunities for businesses to streamline their operations and unlock new opportunities to increase their profits.

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Blockchain Central Bank Cryptocurrency Digital Currency 40

PYMNTS

JULY 29, 2020

The Philippines central bank is now considering creating its own central bank digital currency (CDBC), it said during a virtual meeting, having formed a committee to address the issue, Bloomberg reported. He added that while cryptocurrency is important, the blockchain technology behind it is equally so.

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Data Breach Central Bank Breach Cryptocurrency 66

PYMNTS

JUNE 8, 2020

United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. In addition, Buonomo said digital currencies, especially central bank digital currencies (CBDC) may eventually be able to replace all bank accounts.

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Blockchain Accounts Digital Currency Federal Reserve 135

Fintech Review

APRIL 9, 2024

But now, there’s something new to consider: cryptocurrencies like Bitcoin. Unprecedented Diversification Opportunities Cryptocurrencies, with Bitcoin at the forefront, have quickly become essential components of diverse investment strategies, capturing the interest of investors across the globe.

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Cryptocurrency Bitcoin Returns Risk 52

Fintech Review

APRIL 9, 2024

But now, there’s something new to consider: cryptocurrencies like Bitcoin. Unprecedented Diversification Opportunities Cryptocurrencies, with Bitcoin at the forefront, have quickly become essential components of diverse investment strategies, capturing the interest of investors across the globe.

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Cryptocurrency Bitcoin Returns Risk 52

PYMNTS

MAY 21, 2020

The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. Patent and Trademark Office that would create a digital currency underpinned by blockchain technology. A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A

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Digital Currency Central Bank CBDC Federal Reserve 97

The Fintech Times

MAY 29, 2024

Cryptocurrencies, central bank digital currencies (CBDCs) and stablecoins remain prominent and continue to see innovation worldwide; particularly in the Middle East and Africa (MEA). By leveraging cryptocurrencies, these individuals gain access to financial tools and services previously unavailable to them.

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Digital Currency CBDC Cross-Border Payments Cross-Border 111

PYMNTS

NOVEMBER 27, 2019

The First Deputy Governor of the central bank of France, Denis Beau, spoke in support of a blockchain-based settlement system that would allow for faster transfers of euros, as well as be more cost-efficient, according to a report by Yahoo! The ECB has been open to the idea, and could already be experimenting.

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Central Bank Digital Currency Distributed Ledger Technology (DLT) CBDC 94

PYMNTS

APRIL 14, 2019

The International Monetary Fund ( IMF ) and the World Bank are partnering up to launch a private blockchain and “quasi-cryptocurrency.”. Since the coin has no monetary value, it’s not an actual cryptocurrency, according to The Financial Times.

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Cryptocurrency Blockchain Money Laundering Digital Currency 78

Fintech News

MAY 21, 2024

As the financial landscape undergoes a digital revolution, institutional investors are increasingly turning their attention to digital assets such as cryptocurrencies and Central Bank Digital Currencies (CBDCs). Central Bank Digital Currencies (CBDCs) topped the list, with 33% of respondents foreseeing their widespread adoption.

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Settlement Cryptocurrency Blockchain Digital Currency 122

CoinRemitter

FEBRUARY 9, 2024

A Central Bank Digital Currency is a country’s official currency, presented in a digital form. It operates on a blockchain network and is issued and backed by the central bank of the respective country. Unlike cryptocurrencies, they’re issued by centralized authorities and can be used as legal tenders.

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Digital Currency Central Bank CBDC Distributed Ledger Technology (DLT) 40

PYMNTS

OCTOBER 11, 2019

For central banks, when it comes to cryptocurrencies, there’s no central theme. Some central banks are embracing the concept. The overall theme, reported the site, is to look into how “digital central bank money could be used in the settlement of tokenized assets between market participants.”.

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Central Bank Digital Currency Federal Reserve Non-Bank 73

PYMNTS

FEBRUARY 28, 2018

Taiwan’s central bank is looking into implementing blockchain technology in order to improve its operations. 2017, Taiwan’s Financial Supervisory Commission Chairman Wellington Koo spoke before parliament, asserting that Taiwan should take its cues from Japan, which provides licenses to cryptocurrency exchanges.

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Central Bank Blockchain Cross-Border Payments Cross-Border 42

Fintech Review

APRIL 24, 2024

“CBDCs” or Central Bank Digital Currencies are gaining significant traction. They represent the digital form of a nation’s official currency, issued and regulated directly by the central bank. The Advantages of CBDCs CBDCs promise to significantly enhance the efficiency of financial transactions.

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Central Bank CBDC Cross-Border Payments Cross-Border 91

PYMNTS

MAY 27, 2020

But the question arises: Once they’ve been created and backed by central banks, what do you do with them once you have them? As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).

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Central Bank Digital Currency CBDC Settlement 57

PYMNTS

SEPTEMBER 4, 2019

Cryptocurrency firms doing business in the Netherlands will soon be required to register with Dutch Central Bank , according to CoinDesk. In other news, Deloitte and TruTrace Technologies have announced they are teaming up to deliver blockchain product-traceability solutions to the cannabis industry. 10, 2020.

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Central Bank Blockchain Money Laundering Bitcoin 49

PYMNTS

DECEMBER 7, 2018

In its newest report, the EU Blockchain Forum (EUBF) noted that government bodies need to home in on two aspects of the blockchain to help the technology fully actualize: That is, the institutions need to have digital national currencies as well as systems for digital identity, The Next Web reported.

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Blockchain Central Bank Digital Currency Blocks 75

PYMNTS

OCTOBER 10, 2019

The Chief of Russia’s Central Bank Elvira Nabiullina said she doesn’t see any pertinent or obvious reason to create a national digital currency, according to a report by Russian News Agency TASS. “As Russia’s Central Bank , we have been studying this topic and the need to issue a national cryptocurrency is not obvious for us. .

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Central Bank Digital Currency Cryptocurrency Non-Bank 43

PYMNTS

JULY 16, 2020

Blockchain initiative Teller has notched $1 million in a Framework Ventures-led seed capital to create a decentralized finance (DeFi) credit risk tool, according to an announcement. The bank will also start using the cryptocurrency for Hong Kong Monetary Authority transactions in September.

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Central Bank CBDC Credit Risk Bitcoin 59

PYMNTS

MARCH 29, 2019

Federal Bank in India has partnered with blockchain payments company Ripple to facilitate cross-border payments, according to reports. Federal Bank confirmed the collaboration in an announcement to the Bombay Stock Exchange on Thursday (March 28). Regardless of its position on cryptocurrency, the country is very pro-blockchain.

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Blockchain Cross-Border International Payments Cross-Border Payments 96

PYMNTS

OCTOBER 10, 2019

The Chief of Russia’s Central Bank Elvira Nabiullina said she doesn’t see any pertinent or obvious reason to create a national digital currency, according to a report by Russian News Agency TASS. “As Russia’s Central Bank , we have been studying this topic and the need to issue a national cryptocurrency is not obvious for us. .

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Central Bank Digital Currency Cryptocurrency Non-Bank 40

PYMNTS

FEBRUARY 13, 2020

Wells Fargo Strategic Capital (WFSC) is backing the London-based blockchain analysis firm Elliptic with a $5 million investment, bringing the startup’s Series B round to $28 million, Elliptic announced in a press release on Thursday (Feb. WFSC joins existing investors SBI Group and Santander InnoVentures.

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Blockchain Risk Management Cryptocurrency Central Bank 100

PYMNTS

SEPTEMBER 17, 2020

The race to develop central bank digital currencies (CBDCs) is underway, but it seems the Reserve Bank of Australia may not be in the running. 17), Australia’s central bank has viewed the issuance of such digital coinage with caution, and even a bit of skepticism. As reported by Cointelegraph Thursday (Sept.

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Central Bank CBDC Digital Currency Federal Reserve 72

PYMNTS

APRIL 11, 2018

The central banks of Japan and Hong Kong are interconnecting their systems to support faster cross-border payments and trade between the two markets, according to Reuters reports on Tuesday (April 10). The Bank of Japan announced the plans that reports said may be the first of their kind by any central bank.

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Central Bank Faster Payments Cross-Border Payments Cross-Border 46

PYMNTS

JANUARY 26, 2021

Signal is exploring the idea of adding cryptocurrency payments into its messaging app by integrating MobileCoin , a cryptocurrency supported by the Stellar blockchain, Platformer reported. Signal CEO Moxie Marlinspike “played down,” the cryptocurrency developments, telling Platformer it was only some “design explorations.”.

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Wire Transfer Blockchain Due Diligence Wires 97

PYMNTS

JUNE 18, 2019

Economist Nouriel Roubini has called out Facebook ’s soon-to-be announced cryptocurrency, GlobalCoin, saying it is not really crypto. “It It has nothing to do with blockchain. Fully private, controlled, centralized, verified and authorized by a small number of permissioned nodes. So, what is crypto or blockchain about it?

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Digital Currency Central Bank Bitcoin Cryptocurrency 53

Fintech News

JANUARY 9, 2024

Cryptocurrencies Market Resurgence The resurgence in cryptocurrency prices and the anticipated halving of Bitcoin in mid-2024 has reignited interest in the potential of distributed ledger technology to reshape the financial landscape. It remains to be seen how the industry will evolve and address these challenges in 2024.

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APACS FinTech Digital Currency Blockchain 78

PYMNTS

JUNE 25, 2018

Schweizerische Nationalbank Board Director Thomas Moser said he doesn’t think it’s the right time to talk about issuing a national cryptocurrency for the country. In fact, late last year, Vontobel , the Swiss bank, decided to give investors the ability to bet against cryptocurrency with the launch two mini futures to short bitcoin.

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Central Bank Bitcoin Cryptocurrency Blockchain 40

PYMNTS

DECEMBER 17, 2019

Accenture , a professional services firm, and TradeIX, a blockchain startup in global trade finance, have teamed up to become an onboarding partner for the Marco Polo Network , according to reports. Last month, Bank of New York Mellon was the 28th bank to join.

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Distributed Ledger Technology (DLT) Blockchain Finance Cross-Border Payments 53

PYMNTS

DECEMBER 13, 2017

The central bank of Australia is in the midst of considering whether to create bank notes using blockchain, according to news from The Financial Times. The bank notes would, in turn, be distributed by financial institutions.

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Central Bank Electronic Banking Bitcoin Blockchain 43

PYMNTS

SEPTEMBER 2, 2019

The People’s Bank of China (PBoC) is looking toward new technologies to keep a closer eye on the nation’s FinTech , blockchain and digital lending markets. It announced last month that it is ramping up the development of its own cryptocurrency.

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Central Bank FinTech Digital Currency Bitcoin 77

PYMNTS

NOVEMBER 12, 2019

12) that central banks have no reason to issue digital currency. Investors are lured by bitcoin’s blockchain technology and its decentralized system. Philadelphia Federal Reserve President Patrick Harker said in early October it is “ inevitable ” that central banks including the Fed will issue digital currency.

Digital Currency 40

Digital Currency Central Bank Fed Federal Reserve 40

PYMNTS

OCTOBER 29, 2019

The Chinese state media advised people to stay levelheaded following a price escalation of bitcoin and blockchain stocks triggered by Chinese President Xi Jinping’s support, Reuters reported on Tuesday (Oct. Blockchain’s future is here, but we must remain rational,” he said, according to state-run news outlet the People’s Daily.

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Bitcoin Blockchain Digital Currency Cryptocurrency 41

PYMNTS

DECEMBER 13, 2019

With the belief that it could cause instability within the country’s financial system, the government of Switzerland spoke against making a central bank digital currency available to the public. The SNB and the Bank for International Settlements (BIS) are said to be exploring the widespread use of digital central bank currencies.

Digital Currency 40

Digital Currency Central Bank Distributed Ledger Technology (DLT) Money Laundering 40