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Posts Tagged ‘Bank’

Sweden’s Central Bank Finally Embraces DLT, but Only in Simulation Mode

Sweden’s central bank will soon trial a blockchain-based digital currency – but it’s still in its very early stages, at best. Announced Thursday, Sveriges Riksbank’s e-krona pilot is the latest attempt at a central bank digital currency (CBDC) from an institution that for years fretted over basing any such project on distributed ledger technology (DLT).…

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Sweden Begins Testing Europe’s First Central Bank Digital Currency

The Riksbank of Sweden is starting to test Europe’s first central bank digital currency (CBDC), they said in a statement made Wednesday. The Swedish central bank says the goal of the testing is to show that citizens could benefit from using an e-Krona that’s as easy to send as an email. Sweden leads the CBDC…

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South Korean Central Bank to Organize a CBDC Task Force

South Korea’s central bank is organizing a task force to research central bank digital currencies (CBDCs).  Announced in a Dec. 26 report titled “Monetary Policy for 2020,” the Bank of Korea will hire experts to study the effects of distributed ledgers, cryptocurrencies and CBDCs on financial settlements and security. The group will also “keep an…

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Russian Central Bank Tests Stablecoins in Regulatory Sandbox

According to recent reports, the Bank of Russia has started using a regulatory sandbox to test the performance of stablecoins. Russia Warming to Stablecoins Russia’s stance towards cryptocurrencies has always been questionable, with the country’s intentions and goals never being fully known to anyone. However, according to recent reports, it may be that Russia sees…

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Italian Gov’t Rescues Lender Bank With €900M Bailout

The Italian cabinet has decided to financially assist Popolare di Bari bank with a 900 million euro-large capital injection. The establishment is the biggest lender in the southern part of the country. According to new reports from Italy, this Sunday, the country’s government decided to approve an emergency decree regarding one of its major lenders,…

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Bank of Canada Governor Still Backs Cash Over Crypto

During the presentation, given to The Empire Club of Canada, Governor of the Bank of Canada, Stephen S. Poloz laid out some interesting reasons why he believes cash is better than crypto. Modernising Canada’s Ageing Payments Systems Poloz spoke about the role of technology in affecting how Canadians made payments. He suggested that the majority…

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When Will Fintech Firm Venmo and PNC Bank Settle their Scuffle

Customers of Pittsburgh, Pennsylvania based bank holding company and financial services corporation PNC are having a tough time. But why? It has become exceedingly difficult to connect bank accounts to popular payments app Venmo.  PNC Bank and Venmo are at War With Each Other As reported by the Wall Street Journal, a few hours ago,…

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Kraken Job Ad Hints at Plan to Build Special-Purpose Wyoming Bank

At CoinDesk’s Invest: NY conference last month, Wyoming officials touted the charter as a potential end run around New York’s notoriously strict BitLicense, which the Empire State is in the process of revising. Kraken CEO Jesse Powell had previously said his company stopped serving New York customers several years ago because of the BitLicense’s requirements,…

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