Cambodia to Erase US Dollar Hegemony with Project Bakong

Cambodia’s central bank is working towards widespread adoption of its central bank digital currency (CBDC) with the ultimate aim of eliminating the US dollar hegemony in the country. Project Bakong to Eliminate USD Dependence Speaking to Nikkei Asia, the director-general of the National Bank of Cambodia (NBC) Chea Serey, noted that Project Bakong has witnessedRead More

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Hanryu Bank announces launch of blockchain mainnet ‘FandomChain’ in August

Hanryu Bank announced that the mainnet of its self-developed blockchain project, FandomChain, will be launched on August 16th. The main purpose of FandomChain mainnet is...

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Report: Nigeria to Start Piloting Digital Currency in October

The Central Bank of Nigeria (CBN) has reportedly set October 1 as the commencement date for the trial phase of its digital currency project. Dubbed project Giant, this digital currency project, or the “e-naira,” is expected to use the Hyperledger Fabric blockchain.

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Nigeria’s Central Bank Plans to Launch CBDC Pilot Scheme in October 2021

The Central Bank of Nigeria (CBN) is moving forward with its central bank digital currency project (CBDC) project, as the CBN will launch a digital naira pilot program later in October 2021. Nigeria Progresses With Digital Naira Initiative  According to the Peoples Gazette, the CBN made the announcement while addressing stakeholders at a webinar onRead More

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Nimiq makes swapping fiat for crypto as easy as using the internet

Open-source blockchain project Nimiq recently announced the launch of the Nimiq OASIS (Open Asset Swap Interaction Scheme) protocol. Together with German TEN31 Bank, OASIS allows for direct bank-to-crThe post Nimiq makes swapping fiat for crypto as easy as using the internet appeared first on AMBCrypto.

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Crypterium Burns A Million Tokens

Earlier this month, Crypterium, a cryptocurrency bank, announced that it had set an ambitious goal to burn off 30% of its total token supply. This often happens when a blockchain or crypto-based project wants to adjust the current market supply of its native token, in this case, the native CRPT token. Now, roughly 2 weeks […]

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China Debuts Digital Yuan Pilot For Insurance Policies

As part of China’s efforts to expand the scope of its upcoming central bank digital currency (CBDC) project, the city of Shenzhen has issued the country’s first digital yuan insurance policy.

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South Korea's central bank chooses Kakao's Ground X for digital currency project

South Korean tech giant Kakao Corp.'s blockchain arm Ground X is in the news today after it was chosen for running experiments for Bank of Korea's digital currency. The central bank of South Korea The post South Korea's central bank chooses Kakao's Ground X for digital currency project appeared first on AMBCrypto.

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Bank of Korea Taps Kakao Blockchain Subsidiary for CBDC Project

South Korea’s central bank, the Bank of Korea (BOK), has selected Ground X, the blockchain subsidiary of internet company giant Kakao, to work with the BOK on its central bank digital currency (CBDC) project.

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Why A Group of U.S. Senators Oppose Use of Digital Yuan in Beijing Winter Olympics

China’s central bank digital currency, the digital Yuan or e-CNY, is well on its way for full implementation. The People’s Bank of China (PBoC) release a Whitepaper with details on their CBDCs for the first time since the project was made public.

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How China’s CBDC Will Integrate Smart Contracts, Latest Progress Revealed

China’s central bank digital currency (CBDC) is moving fast towards its deployment. For the first time since the project was launched over 7 years ago, the People’s Bank of China (PBoC) has released a Whitepaper with the digital Yuan or e-CNY’s most important progress.

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China Reveals Digital Yuan White Paper: Smart Contracts, $5.4B Settled, Large Transfers Traced

The working group involved with the research and development of the digital yuan for the People’s Bank of China (PBOC) has published a paper describing the digital currency’s progress. The PBOC initiated a task force dedicated to the creation of a digital yuan in 2014, and the recently published document is the project’s first white […]

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China’s e-CNY White Paper Criticizes Bitcoin; Reveals CBDC Project Uses Smart Contract

The People’s Bank of China (PBOC), China’s central bank, has published a white paper on its upcoming central bank digital currency (CBDC), otherwise known as the digital yuan or e-CNY.   Notably, the document revealed that the project utilizes smart contract features for programmability.

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Digital Euro Project Gets Going as ECB Launches Investigation Phase

After months of deliberation, the European Central Bank has decided to proceed with a digital euro project. Officials insist the new version of Europe’s common currency should “ensure privacy” and provide access to “the safest form of money” at a “negligible” cost to the environment, in comparison with bitcoin.

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European Central Bank Kicks Off New Phase Of Digital Euro Project

The European Central Bank (ECB) is moving forward with its central bank digital currency (CBDC) plans. Today, the bank announced that its Governing Council had approved the investigation phase of the digital euro project.

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ECB Gives Go Ahead to Digital Euro Project

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First CBDC Coming To Africa As Ghana Plans to Launch Pilot in September

The Bank of Ghana (BoG) will launch its central bank digital currency project’s pilot in September, according to the Bank’s First deputy governor, Maxwell Opuku-Afari. Modern Ghana, a local news outlet, reported that the deputy governor said the project is currently in its last phase of development, and implementation is expected to start in two […]

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Banque de France Conducts Cross-Border Central Bank Digital Currency Experiment

France’s apex bank and Singapore’s monetary authority have collaborated on a cross-border central bank digital currency (CBDC) project. The partnership is the latest example of the emerging international cooperation among central banks in CBDC development across the world.

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Multinational Financial Institutions Launch Blockchain-Based Carbon Marketplace

National Australian Bank has joined forces with other financial institutions including North America’s CIBC, Itau Unibanco, and NatWest Group, to launch a carbon offset marketplace dubbed Project Carbon.

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Korea’s Shinhan Bank Joins Klaytn Blockchain Governance Council

Klaytn, the public blockchain project led by the South Korean Internet giant Kakao, today announced that Shinhan Bank has joined the Klaytn Governance Council to...

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Israel central bank to use Ethereum's blockchain tech for digital shekel

The Bank of Israel embraced Ethereum’s blockchain technology for an internal pilot project to look into the digital shekel. According to Israel’s financial daily Globes, the IT team of the centralThe post Israel central bank to use Ethereum's blockchain tech for digital shekel appeared first on AMBCrypto.

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Bank of France, SEBA Bank Say CBDC Securities Settlement Test a ‘Success’

The experiment was undertaken as a delivery vs. payment project, with tokenised securities handled… The post Bank of France, SEBA Bank Say CBDC Securities Settlement Test a ‘Success’ appeared first on Coin Journal.

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Nigeria’s Central Bank Could Launch Digital Currency By End of 2021

The digital currency project could be ready for a pilot phase within the next… The post Nigeria’s Central Bank Could Launch Digital Currency By End of 2021 appeared first on Coin Journal.

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Iron Finance Token Slides From $64 to Near Zero Following ‘Large-Scale Crypto Bank Run’

The Iron Titanium token (TITAN) value has quaked a great deal after the project suffered from what the team called “the world’s first large-scale crypto bank run. ” After touching a high of $64 per token on Wednesday, the project slid to near zero and remained worthless on Thursday afternoon.

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Central Bank of Nigeria Looking to Launch CBDC in 2021

An official of the Central Bank of Nigeria (CBN) stated that the CBN is planning to issue its central bank digital currency (CBDC) before the end of 2021. CBN’s CBDC Project to Improve Foreign Remittance Transfers According to the News Agency of Nigeria on Thursday (June 10, 2021), Rakiya Mohammed, an IT specialist at theRead More

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France, Switzerland and Bank for International Settlements team up to test central bank digital currency

The Bank of France and National Bank of Switzerland, together with the Innovation Center of the Bank for International Settlements (BIS), announced their participation in a project to test the central bank digital currency wholesale trading system (CBDC) called Project Jura.

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JP Morgan’s job posts hint at its amplified crypto ambitions

American investment bank JP Morgan is searching for individuals that are well-versed with crypto to fill several digital asset crossover positions. The financial giant’s job posts seem to go beyond the requirements of its Onyx blockchain project.

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China Begins $6 Million Digital Yuan Airdrop Trial

China has been developing its central bank digital currency (CBDC), the Digital Yuan, for over seven years. The project has come to a critical test phase and it’s ready to be used by the citizens.

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Central Bank of Sweden Invites Financial Market Actors for Second Phase of E-krona Pilot

Sveriges Riksbank, the central bank of Sweden, will carry out the next stage of its e-krona project with the help of two organizations from the financial sector. The move signals a transition from the initial in-house testing with simulated participants to cooperation with real, external partners.

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AI-Powered Decentralized Financial Platform, TribeOne – “BE YOUR OWN BANK”

If you are not a part of the crypto industry yet or are an existing crypto enthusiast, here is a fantastic project that would magnetize you to make it big. Introducing TribeOne, the world’s first AI-powered decentralized financial platform backed with RAROC (Risk-Adjusted Returns On Crypto) technology.

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Privacy Protection: The Future of DeFi

On April 22, MakerDAO, known as the DeFi world’s ‘central bank’, in partnership with the financial supply chain project Centrifuge, completed the first real-world asset loan in DeFi (decentralized finance).

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Bank of Korea Seeking Technology to Develop Digital Currency

South Korea’s monetary policy regulator is taking steps to create its own digital coin. Bank of Korea is now looking for a technology provider to develop a test environment for the project. The news comes after major commercial banks expressed skepticism over their cooperation with domestic cryptocurrency exchanges. Central Bank of Korea to Launch Pilot […]

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Korea approaching CBDC launch with a trial project

South Korea’s central wants to carry out a testnet for its central bank digital currency (CBDC). According to the announcement, the main reason for the test is to test whether CBDC can be used for settlement and remittance for goods and services.

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Facebook-Backed Crypto Project Diem Moves to US, Unveils New Launch Plan

Facebook-backed cryptocurrency project Diem, formerly Libra, is moving from Switzerland to the U. S. In collaboration with Silvergate Bank, the association, which oversees the development of the diem cryptocurrency, has unveiled a new launch plan.

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Forget about Bank Loans - with the Student Coin Crypto Ecosystem

Student Coin announces major exchange listings in May and reveals more of its 2021 project roadmap.

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Georgia's central bank is exploring 'Digital Gel' CBDC

Georgia's central bank has invited fintech firms and others to participate in the CBDC project.

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Irish firm Accenture to oversee 5 ‘digital dollar’ pilots in the U.S.

The Digital Dollar Project, a non-profit organization co-founded by former Commodity Futures Trading Commission (CTFC) chairman Christopher Giancarlo, plans to launch five pilot programs focused on central bank digital currencies (CBDCs) within the next 12 months, a report by Reuters said yesterday.

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Oracle Service API3 Inks Deal With OBP To Merge Conventional Banking With DeFi

Popular oracle provider API3 has partnered with the Open Bank Project (OBP) to bridge the gap between traditional banking services and blockchains. This ten-year partnership aims to connect over 400 banking APIs to blockchain smart contracts using “Airnode,” an open-source gateway developed by API3.

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The UK set to explore Britcoin, a Bank of England-backed CBDC

The United Kingdom is planning to test the practicability of a central bank-issued digital currency. A report unveiled this news on April 19, noting that the coin is named Britcoin. Reportedly, the Bank of England (BoE) joined hands with HM Treasury to form a task force to work on the Britcoin project, which aims to […] The post The UK set to explore Britcoin, a Bank of England-backed CBDC appeared first on Invezz.

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Oracle Service API3 Partners With the Open Banking Project, Plans to Connect 400 Banking APIs to Blockchain

On Monday, the oracle provider API3 announced a ten-year partnership with the Open Bank Project in order to connect more than 400 banking APIs to blockchain smart contracts using API3’s Airnode.

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Bank of England and HM Treasury Create Taskforce for Proposed CBDC Project

The Bank of England (BoE) and Her Majesty’s Treasury (HM Treasury) have jointly created a task force for the UK’s proposed central bank digital currency (CBDC) project. Taskforce to Explore Modalities for UK’s CBDC In a press release published on Monday (April 19, 2021), the BoE and the HM Treasury instituted a Taskforce that wouldRead More

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Open Bank Project APIs will connect with blockchain platforms using API3’s Airnod

CryptoNinjas » Open Bank Project APIs will connect with blockchain platforms using API3’s Airnod API3, a provider of decentrally governed and quantifiably secure data feeds that power Web 3.

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Децентрализованная сеть оракулов свяжет 400 банковских API с блокчейнами

Управляемый ДАО проект по созданию полностью децентрализованных программных интерфейсов приложения (dAPI) API3 и пионер в области открытого банкинга Open Bank Project заключили десятилетнее соглашение о подключении к блокчейнам более 400 банковских API.

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IOTA Might Receive Direct Fiat Gateway in Q2, 2021, Here's How

Project Omoku targets coming months as the time frame for enabling direct IOTA purchases with bank transfers

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European Investment Bank (EIB) Taps Blockchain Technology for Bond Sales 

The European Investment Bank (EIB) is looking to adopt distributed ledger technology (DLT) for the sales of its digital bonds. The financial institution is collaborating with several top banks, including Goldman Sachs, Banco Santander SA and Societe Generale AG to make the project a huge success, according to a Bloomberg report on April 13, 2021.Read More

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Swedish Central Bank Releases the First Study About Its CBDC E-Krona Pilot

The Swedish central bank keeps making steps towards modeling its e-krona pilot project by issuing a detailed report of the results of phase one for the path ahead. Riksbank is still optimistic about launching its central bank digital currency (CBDC), but there are hurdles to clear out on the road. Riksbank to Spend Another Year […]

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Swedish Central Bank Finishes Phase One Of the e-Krona Digital Currency Test Pilot

Today, the Swedes learned that they might have to wait a little longer to use an e-krona for their daily uses after the Swedish central bank realized that there are minor issues that need addressing after the first phase of a central bank digital currency (CBDC) project.

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Bank Of Japan Commences The First Phase Of Its Digital Yen Experiments

Japan is the latest country making efforts towards issuing its own central bank digital currency (CBDC). The country, however, is taking a measured approach towards the digital currency project. Bank of Japan — the nation’s central bank — on Monday announced that it is starting the first phase of experiments for its sovereign digital currency. […]

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Could the EU use Stellar Lumens to issue its CBDC?

On a Reddit post, Stellar community has discussed the most recent developments on the possible issuance of a central bank digital currency (CBDC) by the European Union. According to statements by the president of the European Central Bank, Christine Lagarde, a decision on the project will be made by mid-year. Lagarde has had an unfavorable […]

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