DFC

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The WEF has created a global community to help central bank blockchain exploration and innovation
The WEF has created a global community to help central bank blockchain exploration and innovation
The World Economic Forum’s Centre for the Fourth Industrial Revolution Network has built a global community of central banks, international organizations and leading blockchain experts to identify and leverage innovations in distributed ledger technologies (DLT) that could help usher in a new age for the global banking system.
#Fintech#Blockchain#CryptoAssets#CBDC#DFC
·weforum.org·
The WEF has created a global community to help central bank blockchain exploration and innovation
The Libra White Paper Has Been Edited, With One Notable Change
The Libra White Paper Has Been Edited, With One Notable Change
Under the original Libra white paper, Libra Association members would receive dividends for profits generated by reserve assets, which created an incentive for decisionmakers to invest in risky assets for higher returns, at the expense of the retail public. However, in the new version of the white paper, interest earned from reserve assets will not be used to pay dividends to investors.
#Fintech#CryptoAssets#Stablecoins#Facebook#Libra#DFC
·fintechpolicy.org·
The Libra White Paper Has Been Edited, With One Notable Change
CBDC – in the whirpool of discussion
CBDC – in the whirpool of discussion
This Bank of Lithuania paper presents the CBDC concept and typology, surveys the literature, documents initiatives undertaken by other central banks, and discusses monetary policy and financial stability implications.
#Fintech#CryptoAssets#CBDC#DFC
·lb.lt·
CBDC – in the whirpool of discussion
Saga launches SGA token to rival Facebook's libra cryptocurrency
Saga launches SGA token to rival Facebook's libra cryptocurrency
Saga is launching a virtual currency which pegs its value to the basket of currencies that form the IMF’s special drawing rights. The U.K.-based company’s advisory board includes the likes of Nobel laureate Myron Scholes and J.P. Morgan’s Jacob Frenkel. But the firm doesn’t plan to launch its token in the U.S. yet, claiming it doesn’t currently have the regulatory clarity required to do so.
#Saga#CryptoAssets#Stablecoins#Fintech#DFC
·cnbc.com·
Saga launches SGA token to rival Facebook's libra cryptocurrency
H.E. Chea Serey, Director General of the Central Banking, National Bank of Cambodia
H.E. Chea Serey, Director General of the Central Banking, National Bank of Cambodia
On November 25th, 2019, H.E. Chea Serey, Assistant Governor and Director General of the Central Banking, National Bank of Cambodia, participated as a speaker and presented on the topic “Experiences of the National Bank of Cambodia on the use of Blockchain Technology in Bakong Project to reduce the use of cash in the country” at the 22nd ASEAN Banking Conference and the 49th ASEAN Banking Council Meeting at Sokha Hotel, Phnom Penh.
#Fintech#CryptoAssets#CBDC#DFC
·nbc.org.kh·
H.E. Chea Serey, Director General of the Central Banking, National Bank of Cambodia
Treating stablecoins like ETFs
Treating stablecoins like ETFs
We’ve often argued that a stablecoin is nothing more than a glorified exchange traded fund (ETF). So when it comes to the fuss about how to regulate stablecoins like Libra, is it possible that most of the hard work has already been done on account of the regulatory environment that governs ETFs?
#Fintech#CryptoAssets#Stablecoins#Facebook#Libra#DFC
·ftalphaville.ft.com·
Treating stablecoins like ETFs
Central Bank Mu Changchun talks about Libra and digital currency
Central Bank Mu Changchun talks about Libra and digital currency
Under the PBOC DC/EP CBDC model, commercial banks will first obtain the digital currency from the PBOC by depositing RMB reserves. Users and businesses can then register digital wallets with these commercial banks to use the new digital currency, according to an online course on Libra and cryptocurrency given by PBOC's digital currency director Mu Changchun.
#Fintech#CryptoAssets#CBDC#DFC
·chainhoo.com·
Central Bank Mu Changchun talks about Libra and digital currency
Report: China's central bank to test digital currency in two cities, partnering with state-backed banks and telecoms
Report: China's central bank to test digital currency in two cities, partnering with state-backed banks and telecoms

The People's Bank of China will reportedly start small-scale testing its digital currency (CBDC) in Shenzhen this month (December). The test will be performed in a “horse race” model, with each of four participating banks proposing a different payment model. While some of the banks chose to collaborate with the three telecom firms participating in the pilot to develop SIM cards with built-in digital wallets, others have built their independent wallet apps. Suzhou may test the new currency as well.

#Fintech#CryptoAssets#CBDC#DFC
·theblockcrypto.com·
Report: China's central bank to test digital currency in two cities, partnering with state-backed banks and telecoms
Brace for the Digital-Money Wars
Brace for the Digital-Money Wars
If China digitizes its currency, as it plans to do, and the North Koreans use it to finance their missile program, it’s a flow of money that circumvents U.S. sanctions. That would force the U.S. to grapple with its own now-antiquated currency.
#Fintech#CryptoAssets#Stablecoins#CBDC#DFC
·wsj.com·
Brace for the Digital-Money Wars
Hong Kong, Thailand to roll out two-tier tokens in digital currency prototype to speed up cross-border trade settlement
Hong Kong, Thailand to roll out two-tier tokens in digital currency prototype to speed up cross-border trade settlement
The monetary authorities of Hong Kong and Thailand are poised to roll out a two-tier digital token, part of the process for creating a prototype for cross-border fund transfers between the two economies.
#Fintech#CryptoAssets#CBDC#CrossBorder#DFC
·scmp.com·
Hong Kong, Thailand to roll out two-tier tokens in digital currency prototype to speed up cross-border trade settlement
Paxful is the Most Important Bitcoin Company You Aren’t Paying Attention to.
Paxful is the Most Important Bitcoin Company You Aren’t Paying Attention to.
In effect, gift cards can be seen as a sort of stablecoin which are available for purchase on nearly every street corner in the world. Additionally, as you will find out later in the article, the people using these gift cards as stablecoins often don’t even need to know what a stablecoin is or how cryptocurrency works.
#CryptoAssets#CrossBorder#Stablecoins#GiftCards#Fintech#DFC
·medium.com·
Paxful is the Most Important Bitcoin Company You Aren’t Paying Attention to.
Note by the ECB for the Economic and Financial Affairs Council on the retail payment landscape
Note by the ECB for the Economic and Financial Affairs Council on the retail payment landscape
The ECB will continue to assess the costs and benefits of issuing a central bank digital currency (CBDC) that could ensure that the general public will remain able to use central bank money even if the use of physical cash eventually declines. Prospects of central bank initiatives, however, should neither discourage nor crowd out private market-led solutions for fast and efficient retail payments in the euro area.
#CryptoAssets#Fintech#CBDC#DFC
·ecb.europa.eu·
Note by the ECB for the Economic and Financial Affairs Council on the retail payment landscape
Payments innovations and the role of central banks - addressing challenges posed by stablecoins
Payments innovations and the role of central banks - addressing challenges posed by stablecoins
"In Japan, the amount of cash outstanding is still increasing, and it does not seem that there is a demand for CBDC from the public at present. Nevertheless, the Bank of Japan has been conducting technical and legal research on this matter in order to stand ready when the need for CBDC may arise in the future."
#CryptoAssets#Stablecoins#CBDC#PaymentSystems#Fintech#DFC
·bis.org·
Payments innovations and the role of central banks - addressing challenges posed by stablecoins
Banque de France to experiment with wholesale central bank digital currency
Banque de France to experiment with wholesale central bank digital currency
We are particularly keen to take part in experiments to integrate a “wholesale” CBDC into innovative procedures for exchanging and settling tokenised financial assets. Our actions will naturally contribute to the work of the Eurosystem, which should make looking into the possibility of an “e-euro”... Beyond this, we intend to take part in the work of the BIS Innovation Hub.
#Fintech#CryptoAssets#CBDC#DFC
·banque-france.fr·
Banque de France to experiment with wholesale central bank digital currency