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Posts Tagged ‘Bank’

China Launches Digital Bank Consortium Blockchain Investment Fund

A fintech company in China has launched a global digital bank consortium blockchain investment fund with the aim of creating a leading digital bank. China Turning Digital Cao Tong, Chair of Shenzhen’s Hande Financial Technology Holdings Co., Ltd (HDFH), made the announcement during the second China International Import Expo (CIIE) today in Shanghai, according to…

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Ex-PayPal CFO Fired as Customer by Bank of America

There are many use cases for bitcoin but the primary one is to cut out centralized banks. The banking system as we know it is on the verge of collapse, but that is not all. They also have the power to ditch their customers with impunity as Sequoia partner Roelof Botha just found out. Big…

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Iran Central Bank Branch Set on Fire, Crypto Community Follows Events

Iranian protesters have set the building of the Central Bank of the Islamic Republic of Iran in the city located in the city of Behbahan on fire, as the cryptocurrency community closely follows the developments. The official twitter profile of libertarian media company BeingLibertarian published a video of what is presumably a branch of Iran’s…

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Fake Website Prompts China’s Central Bank to Deny Digital Yuan Launch

The People’s Bank of China (PBoC) said the country’s stablecoin project is still in the testing stage with no date set for its launch, despite online impostors claiming otherwise. The digital yuan is officially called the Digital Currency Electronic Payment (DECP) and the central bank’s announcement came on the heels of a website DECPAPI.com, featuring…

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China Central Bank Official: Digital Yuan Should Have ‘Controllable Anonymity’

China’s proposed new stablecoin project should strike a balance between protecting privacy and regulatory enforcement, China’s Digital Currency Research Institute said Tuesday. Within the People’s Bank of China (PBOC), the Digital Currency Research Institute is part of the central bank’s payments division. Speaking at a conference in Singapore, Changchun Mu said the central bank will not…

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Tunisia’s Central Bank Denies Reports Claiming It Issued an E-Dinar

The Central Bank of Tunisia is denying reports that it has launched a digital currency. In a sweeping rejection published this week the central bank quashed “unfounded” rumors that it had become the first monetary authority to issue a central bank digital currency (CBDC), asserting instead that an unaffiliated “proof of concept” project was taken…

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French Central Bank Job Posting Reveals Digital Currency Program

The central bank of France, Banque de France, is seeking a blockchain analyst who will help the bank define a program for implementing digital currency. In a job opening posted on October 16th and listed under the Financial Stability and Operations branch of the bank, the bank called for an analyst with experience in crypto-economics,…

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DBS Bank Partners With Singapore Government to Launch Blockchain Trade Platform

Asian banking giant DBS and multinational commodity trading firm Trafigura Group are tapping blockchain to facilitate global trade. Alongside the Singapore government and the International Chamber of Commerce, these firms are looking to reduce the number of paper-based processes involved in global trade. Distributed ledger technology firm Perlin is providing the blockchain background to build…

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Tencent to Build Virtual Bank After Hong Kong Regulator Approves License

Chinese internet giant Tencent is set to open a blockchain-based virtual bank after the Hong Kong Securities and Futures Commission (SFC) approved a new license. Speaking at the World Blockchain Summit in Wuzhen, China on Friday, Tencent blockchain chief Yige Cai said the company’s virtual bank received the SFC’s green-light. Moving forward, the company will assemble…

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