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Local startups to be at forefront of utilizing the Bahamas new central bank digital currency
Local startups to be at forefront of utilizing the Bahamas new central bank digital currency
The CEO of NZIA, the tech firm behind the Central Bank of the Bahamas Project Sand Dollar, has said the key to making it a reality is by engaging with local banks, SMEs and entrepreneurs to create new products and solutions around the new digital currency.
#Fintech#CryptoAssets#AltCoins#CBDC#DFC
·thenassauguardian.com·
Local startups to be at forefront of utilizing the Bahamas new central bank digital currency
Innovation transforms central banking
Innovation transforms central banking
Central bank digital currencies could bring profound changes to the financial system, potentially crowding out commercial banks. They could also change the way monetary policy operates. The implications for monetary and financial stability need careful consideration.
#CBDC#AltCoins#CryptoAssets#Fintech#DFC
·bis.org·
Innovation transforms central banking
Fed Nixes Narrow Banks Redux
Fed Nixes Narrow Banks Redux
"Central banks cannot operate retail digital currencies. Who do you call when you forgot your password? But narrow banks are the ideal institutions to provide the retail-facing end of digital currencies. The sooner the better. Unless we can persuade the Treasury to offer reserves first and take this all away from the Fed."
#Fintech#CBDC#DFC
·johnhcochrane.blogspot.com·
Fed Nixes Narrow Banks Redux
The Riksbank is planning to join the ECB's payment platform TIPS
The Riksbank is planning to join the ECB's payment platform TIPS
Within the coming years it may be possible for all Swedish bank customers to make payments to another bank instantly 24/7 every day of the year. This will become possible in that the Riksbank is planning to join the ECB's payment platform TARGET Instant Payment Settlement (TIPS).
#Fintech#CBDC#DFC
·riksbank.se·
The Riksbank is planning to join the ECB's payment platform TIPS
Should Central Banks Issue Digital Currency?
Should Central Banks Issue Digital Currency?
Philadelphia Fed researchers find that a central bank digital currency might promote efficiency in exchange, but could raise bank funding costs. However, by appropriately choosing the interest rate it pays on CBDC, the central bank can balance these competing concerns.
#Fintech#CryptoAssets#CBDC#DFC
·philadelphiafed.org·
Should Central Banks Issue Digital Currency?
Central bank digital currency (CBDC) and financial inclusion
Central bank digital currency (CBDC) and financial inclusion
Key findings suggest that mobile money may be a positive use case for CBDC, but it is not without potential risks. The application of retail CBDC to mobile money has the potential to foster greater interoperability, improve payment efficiency, facilitate cost-saving gains by minimising reconciliation complexity and notional costs, as well as reduce the key payment risks that are typically associated with mobile money.
#Fintech#CryptoAssets#AltCoins#CBDC#MobileMoney#DFC
·cenfri.org·
Central bank digital currency (CBDC) and financial inclusion
The Fed doesn’t like narrow banks, but asset managers do
The Fed doesn’t like narrow banks, but asset managers do
"Narrow banks would improve the competition in deposit markets, which would in turn would reduce the current subsidisation of incumbent banks, improve the transmission of monetary policy, raise deposit rates at other banks and reduce dispersion in money market rates,” McAndrews wrote in comments to the Fed.
#Fintech#CBDC#NarrowBanking#DFC
·risk.net·
The Fed doesn’t like narrow banks, but asset managers do
IMF Predicts Central Banks to Issue Digital Currencies
IMF Predicts Central Banks to Issue Digital Currencies
According to the IMF paper, several central banks in different countries are considering implementing some form of CBDC. Uruguay has reportedly launched a pilot program already, while the Bahamas, China, Eastern Caribbean Currency Union, Sweden and Ukraine are on the verge of testing their systems.
#Fintech#CryptoAssets#AltCoins#CBDC#DFC
·cointelegraph.com·
IMF Predicts Central Banks to Issue Digital Currencies
The Bank of Japan has no plans to issue digital currency
The Bank of Japan has no plans to issue digital currency
Deputy Governor Amamiya said the BOJ has no plans to issue digital currencies for now, partly due to uncertainties over how it affects conventional commercial banking. He also brushed aside the idea that central banks can boost the effectiveness of negative interest rate policies by issuing digital currencies, as it would require the elimination of cash.
#Fintech#CryptoAssets#AltCoins#CBDC#DFC
·reuters.com·
The Bank of Japan has no plans to issue digital currency
Digital rupiah study to be completed in 2020: BI - Business
Digital rupiah study to be completed in 2020: BI - Business
Bank Indonesia head of transformation Onny Widjanarko said on Wednesday that a study on the possible issuance of digital rupiah by the central bank was projected to be completed in 2020.
#CBDC#DFC
·thejakartapost.com·
Digital rupiah study to be completed in 2020: BI - Business
Cryptocurrency: Advancing Kazakhstan’s Economy and Investment?
Cryptocurrency: Advancing Kazakhstan’s Economy and Investment?
Kazakhstan may issue the state- sponsored CryptoTenge, to regulate and integrate into its financial framework and to explore non-extractive industries. The currency would be a fiat currency, recognised as legal tender which is state-controlled.
#CBDC#DFC
·worldfinancialreview.com·
Cryptocurrency: Advancing Kazakhstan’s Economy and Investment?
Currency in the Digital Era | Banco Central do Brasil
Currency in the Digital Era | Banco Central do Brasil
In an exploratory approach to the digitization of physical money, this academic essay intends to add value, while seeking solutions, by bringing to the reader’s knowledge some of the concepts, architectures, functions and applicable technologies, as well as consolidating part of the international experience in the theme.
#CBDC#DFC
·bcb.gov.br·
Currency in the Digital Era | Banco Central do Brasil
The Revolution of Money 2 | Accenture
The Revolution of Money 2 | Accenture
CBDC can leverage the decentralized and secure advantages of blockchain. This enables P2P transactions, offers a more resilient payment infrastructure, reduces transaction costs, enhances information sharing capabilities and facilitates data reconciliation. Blockchain enabled payment solutions have been rigorously tested by central banks across North America, Europe and Asia.
#Fintech#CryptoAssets#AltCoins#CBDC#DFC
·accenture.com·
The Revolution of Money 2 | Accenture