digital currency

Austrian Bank Raiffeisen Is Working on a National Digital Currency Pilot

While global governments are pushing ahead with digital currencies in central banks. Private institutions are also seeking to digitize national currencies. Raiffeisen Bank International (RBI), a big Austrian bank, employs blockchain technology to work on a new method of tokenizing the national currency. After a positive test of end-to-end digitized national currency transfers. RBI is […]

Visa Files Patent Application for Digital Currency

Visa Has Filed for a Patent to Create Digital Currency

Visa has applied with the United States to create digital currency on a blockchain. Department of Patent and Trademark. Inventors Simon J. Hurry and Alexander Pierre, along with the Visa International Service Association in San Francisco, pursued a patent for a digital currency based on a blockchain and operated by a central entity machine, according […]

hawaii launches digital currency sandbox to attract crypto firms

Hawaii Launches Digital Currency Sandbox to Attract Crypto Firms

The governor’s office of Hawaii revealed its new “Digital Currency Innovation Lab” on March 17 – a blockchain and cryptocurrency incubator developed through collaboration between the state’s Department of Commerce and Consumer Affairs, Division of Financial Institution (DFI), and the Hawaii Technology Development Corporation (HTDC). The initiative will run for two years, and will allow […]

Sweden's central bank digital currencies

Sweden’s Central Bank Wants to Host Innovation Hub for Digital Currencies

The Riksbank, Sweden’s central bank that started testing its own central bank digital currency (CBDC) in February, wants to host the digital currency innovation hub by the Bank for International Settlements (BIS). Officially announcing the news on March 6, the Riksbank noted that in order for the hub to be located in Sweden, the bank […]

Bank of England

Bank of England Releases Discussion Paper on CBDCs

The Bank of England (BoE) is seriously weighing the pros and cons of issuing a central bank digital currency (CBDC) denominated in pounds sterling. Britain’s central bank recognized that a digital pound could be destabilizing for the current banking system. However, digital currency could use the latest FinTech and make transactions easier and faster for […]

Binance.US

Global Crypto Exchange Binance.US Enables USDC Deposits

Global cryptocurrency exchange Binance has listed USDC for deposits on its United States Branch, Binance.US. The new listing took effect on 4th March at 9:00 PM EST, allowing users easily convert to BUSD, according to a statement made on their official website. BUSD allowed for trading or holding With such a measure, ‘Binance.US‘ will allow […]

Estonia grants license to chilean crypto exchange

Estonia Grants License to Chilean Crypto Exchange

Chile’s crypto exchange trading platform CryptoMarket has obtained a license issued by the Estonian Financial Intelligence Unit (FIU). It allows providing services for the purchase and sale of crypto assets. Founded in 2016, CryptoMarket joins a select group of Latin American crypto companies operating in the region, with Bitso (Mexico) and Mercury Cash (Venezuela) obtaining […]

Marshall Islands sovereign digital currency will be based on algorand

Marshall Island’s Digital Currency will be Built on Algorand Blockchain

The Republic of the Marshall Islands (RMI) has selected blockchain firm Algorand as the technology partner for its national digital currency. After first revealing its planned digital currency – the Marshallese Sovereign (SOV) – back in February 2018, the Marshall Islands has taken a further step in the development by partnering with major blockchain startup […]

JP Morgan: Blockchain in Banking still years away

JP Morgan: Blockchain in Banking Still Years Away

A recent report by a major United States bank JP Morgan Chase suggested that current blockchain developments are lying down the foundation for digital money, but adoption is still years away. A report published by JP Morgan on Feb 21 suggests that the finance industry is moving beyond blockchain technology. Blockchain in Banking Still Years […]

Japan's research on central bank digital currency advances

Japan the Next Country to Mint a Central Bank Digital Currency

With finance ministers and central bank governors have recently discussed cryptocurrency regulations at the G-20 summit, Japan is taking notice at home. Leaders at the Bank of Japan (BOJ), Ministry of Finance (MOF), and financial Services Agency (FSA) have held a number of meetings to determine whether the country should become next in line to […]