Bank of Korea Plans to Test the Adoption of CBDCs

2021-2-10 17:49

Korea’s apex bank has announced the pilot phase for its CBDC. According to a spokesperson, the BOK will begin conducting tests within a controlled environment. The spokesperson stated that this would ensure the new digital currency’s workability and safety.

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Rabobank is the second major bank to cancel its cryptocurrency wallet

After exploring the opportunity last year, major Dutch bank Rabobank has decided it’s not going to take its plans for a cryptocurrency wallet any further. In February last year, news surfaced that Rabobank was working on a cryptocurrency service – called Rabobit – which promised to bridge the gap between bank accounts and cryptocurrency wallets.

2019-5-23 14:00


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Barclays Still Showing An Interest In Crypto Trading, Despite Previously Ruling It Out

Barclays have been awash with rumours speculating that they are planning on setting up a cryptocurrency trading desk. The rumours soon hit a dead end when a spokesperson from Barclays came out and debunked the rumours, stating that: “Cryptocurrency is a real challenge for us because, on the one hand, there is the innovative side of it and wanting to stay in the forefront of technological improvement in finance.

2018-8-9 08:00