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Posts Tagged ‘Bank’

Blockchain Startup Signs MOU With Central Bank of Curaçao and Sint Maarten

Barbados-based fintech startup Bitt Inc. has signed a Memorandum of Understanding (MOU) with the Central Bank of Curaçao and Sint Maarten (CBCS) to research the possibility of issuing a digital guilder, according to an August 12 press release. The parties signed the MOU in order to develop a central bank digital currency to facilitate financial…

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Bitt Inks Blockchain Deal With Another Caribbean Central Bank

Barbados-based blockchain startup Bitt is partnering with the Centrale Bank van Curaçao en Sint Maarten (CBCS) to look into issuing a central bank-backed digital currency for the two nations. Bitt, a portfolio company of Overstock’s Medici Ventures, said Monday that it has signed a memorandum of understanding (MOU) with the central bank for the Dutch Caribbean…

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Spain’s Central Bank: Cryptocurrency Could Improve Monetary Policy

Central banks around the world have had unfavorable views towards cryptocurrency bu the Spanish Central Bank, Banco de España (BDE), is a striking exception. Banco de España (BDE) recently released a report in support of cryptocurrency and blockchain technology. The report explores the pros and cons of having a digital version of the state currency. It…

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Another Major Swiss Bank Begins Accepting Cryptocurrency Assets

Yet another major Swiss bank, Maerki Baumann Private Bank in Zurich, announced it will begin accepting cryptocurrency. Setting the Tone? In July 2017, Switzerland’s Falcon Private Bank announced that it will be storing and trading Bitcoin within its very own asset infrastructure, challenging the status quo as most banks in the country refuse to accept…

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Dutch Central Bank Does Not Consider Cryptocurrencies as ‘Real Money’

An executive at the Dutch Central Bank has said that while cryptocurrencies are not “real money,” the bank has no plans to ban them, local news outlet Dutch News reported August 3. The divisional director of the Dutch Central Bank, Petra Hielkema, told Dutch News that due to the volatility of cryptocurrencies and the possibility…

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Bank of Thailand Allows Banks to Open Subsidiaries for Crypto Dealings

The Bank of Thailand (BoT) has recently allowed local banks to set up subsidiaries for dealing with cryptocurrencies, local Thai source Blognone reported August 3. According to a regulatory announcement published by the BoT on August 1, Thai banks can now issue digital tokens, provide crypto brokerage services, run crypto-related businesses, and invest in cryptocurrencies…

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