The ECB launched a public consultation to obtain input from citizens and professionals on the potential economic and societal implications of issuing a digital euro. This input will be considered when deciding in mid-2021 if a digital euro project will be launched.
Read MoreMany countries in the Caribbean have central banks currently working on CBDCs, including the Bank of Jamaica, The Central Bank of the Bahamas and the Eastern Caribbean Currency Union. CBDCs act as an opportunity for central banks to provide a technologically advanced representation of central bank currency.
Read MoreDecentralised Finance is a blockchain-based financial infrastructure that has been built on top of the Ethereum Blockchain and uses smart contracts to offer protocols in a more transparent and open manner.
Read MoreThe first publicly traded bitcoin exchange fund has been launched in the world, giving investors a more direct way to invest in bitcoin. This fund is different from a derivative or futures contract, as every time someone puts money into the ETF, bitcoin is purchased.
Read MoreGemini Earn is a new program that allows customers to earn interest on the 30 different cryptocurrencies. This program will run as part of the Gemini platform and will enable customers to transfer or purchase crypto and send it to Gemini Earn. Interest is compounded daily for any period of time, and no minimum balance is required.
Read MoreA bill proposing new "innovation zones" in Nevada would allow tech companies to create their own governments and neighbourhood communities in the state. This comes after COVID-19 has amplified the California mass exodus to places like Nevada, Texas and Colorado.
Read MoreIn a bid to expand its cryptocurrency plan, Mastercard will now allow holders of payment cards to buy, hold and exchange certain cryptocurrencies. Consumers will be able to convert this cryptocurrency into fiat money which they can then spend.
Read MoreBank of New York Mellon has formed a new digital assets unit to design the industry's first multi-asset digital platform. This platform will offer bitcoin and other digital currencies.
Read MoreAs the acceleration towards a cashless society becomes more prevalant, many central banks are exploring the option of central bank digital currencies. Japan has recently released a report on their three-phase approach.
Read MoreMckinsey & Company recently conducted a series of surveys to measure the habits of financial decision makers within 30 different countries. These surveys were conducted to better understand how consumers identified with fintech during the COVID-19 pandemic.
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