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Sweden’s Central Bank to Partner with Accenture to Launch E-Krona

News Sweden’s central bank is planning plans to create a pilot platform for a digital currency known as the e-krona. While Switzerland took a negative stance towards a central bank digital currency (CBDC) earlier today, with its government claiming that it could do more harm than good, Sweden is s..

From Health Care to Mining, Central Asia Stays on the Blockchain Beat

Crypto Map Cryptocurrency and blockchain technology continues to be a global phenomenon, with adoption and utilization cases emerging in almost every corner of the globe. Digital technology has become so popular that it is now a major talking point not only in the financial sector but also in poli..

NYDFS to Update BitLicense’s Terms for the First Time in 5 Years

News The New York Department of Financial Services (NYDFS) is planning to update its virtual currency license for the first time in nearly five years. The authority has published proposed guidance on adoption or listing of virtual currencies on its website on Dec. 11, inviting all interested parti..

China: Former Central Bank Exec to Reportedly Head New Tech Regulation Division

News China’s securities regulator is reportedly setting up a tech division that will be headed by the former chief of the central bank’s digital currency initiative. Yao Qian, a former director of the Digital Currency Research Institute at the People’s Bank of China (PBoC), will serve as director ..

Central Bank ‘Parental Controls’ Obsolete for Crypto: Bank of Lithuania

News The Bank of Lithuania said that central banks’ “parental controls” are obsolete when it comes to crypto assets, but that should not prevent them from entering the space in order to understand it. In an analysis dedicated to central bank digital currencies (CBDCs) released on Dec. 10, the Bank..

China’s Central Bank Uses Blockchain to Issue $2.8B Worth of Financial Bonds

News The adoption rate of blockchain technology in China continues to impress as the People’s Bank of China (PBoC) has reportedly issued 20 billion yuan ($2.8 billion) in blockchain-based special financial bonds for small and micro enterprises. According to local news outlet Sina Finance in early ..

China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report

News China is at last planning to conduct the first real-world test of its central bank digital currency (CBDC), fresh reports claim. According to local news outlet Caijing on Dec. 9, the initial pilot for the CBDC is set for the city of Shenzhen before the end of 2019, and may possibly include t..

EU Won’t Let Stablecoins Enter Market Until Risks Are Addressed

News No global stablecoin project will begin operation in the European Union (EU) until the associated risks to monetary sovereignty are addressed, according to EU authorities. In a joint statement adopted by the Council of the European Union and the European Commission (EC), the Council and the C..

Central Bank of France Has Digital Currency Trials Planned for 2020

France’s top public banker has confirmed the nation’s central bank intends to trial a digital currency in 2020, a reality that puts the European power on pace to be one of the first country’s in the world to do so. In remarks given at an French Prudential Supervision and Resolution Authority (ACPR)..

France to Test Its Central Bank Digital Currency in Q1 2020: Official

News The central bank of France plans to pilot a central bank digital currency (CBDC) for financial institutions in 2020. François Villeroy de Galhau, the governor of the Bank of France, announced that the bank will start testing the digital euro project by the end of the first quarter 2020, Frenc..

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