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 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 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.
Read MoreNexus Mutual has introduced custody cover for centralized exchange accounts in addition to their decentralized protocol. This new development will take covers against hacks to Binance, Coinbase, Gemini and Kraken.
Read MoreIn response to legal threats of copyright infringement for hosting the Bitcoin white paper, Bitcoin.org and Bitcoincore.org received support from many prominent Bitcoin voices. Government officials and crypto firms, including Facebook subsidiary Novi, have continued to host this white paper on their websites to demonstrate support for the nonprofit.
Read MoreTelos announces a new tool, T-Bond NFTs, which combines Decentralized Finance and non-fungible tokens to create locked tokens that are only unlocked when a maturity date is reached or other specified conditions are met.
Read MoreThe Office of the Comptroller of the Currency of the United States has announced that national banks and federal savings associations may participate in independent node verification networks and use stablecoins to perform bank-permissible functions. As a result, Cayman-based banks may be afforded the opportunity to access a new, open, global payment infrastructure system that is active and accessible today.
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