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Banque De France, Swiss National Bank and BIS enter CBDC trial
The Banque de France, Swiss National Bank and the BIS Innovation Hub have announced they will trial a wholesale central bank digital currency (CBDC). The trial aims to use the digital Swiss... read more
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Spanish banks launch blockchain network Red Lyra
A multi sector consortium of Spanish companies which are pioneers in their different industries has created the Red Lyra, the first multi sector technology platform in the world based on blockchain or distributed ledger technologies. Red Lyra will develop new systems and services so that any individual or company in Spain, for instance, can identify [...]
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Central Banks of Korea and Nigeria initiate seperate Blockchain studies
The Bank of Korea has published, as part of an overview of the central bank’s future plans, a report titled “Present Status and Key Issues of Distributed Ledger Technology” detailing policy issues which could hinder the growth of distributed ledgers and also estimates the cost-cutting effect of the application of the blockchain technology for the first [...]
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US regulators condemn bitcoin as financial stability risk
US regulators have warned that the growing popularity of bitcoin and other digital currencies is posing potential financial stability risks as it revealed they are being put under closer scrutiny. A group that includes the Treasury department, the Federal Reserve and the Securities and Exchange Commission used an annual report on the biggest threats to [...]
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R3 conducts Blockchain trail with first 11 banks
R3 CEV is set to trial its first Blockchain experiment using Ethereum and Microsoft Azure’s Blockchain as a Service, and involving 11 of its member banks. The R3-managed private peer-to-peer distributed ledger connected Barclays, BMO Financial Group, Credit Suisse, Commonwealth Bank of Australia, HSBC, Natixis, Royal Bank of Scotland, TD Bank, UBS, UniCredit and Wells Fargo. Participants [...]
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