Central Banker: CBDCs a Flexible Tool for a Zero-Interest Rate World

Chile’s top central banker says the financial system could benefit from central bank digital currencies, particularly in “unconventional” monetary policies. Chile’s central bank governor, Mario Marcel, says central bank digital currencies (CBDC) can provide additional flexibility in a time of “unconventional monetary policies.”  Marcel made the comments in a speech titled “High-level Policy Panel Discussion […]

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Israeli Startup That Allows Offline Crypto Transactions Secures $4M

Israeli cybersecurity startup GK8 developed the world’s first internet-free system for transacting cryptocurrencies. Israeli cybersecurity startup GK8 has reportedly developed the world’s first offline system for transacting cryptocurrencies. The new system uses GK8’s proprietary cryptographic techniques that enable instant blockchain transactions of digital assets without any need for an internet connection, Israeli business news publication […]

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Turkey Announces Plans for National Blockchain Infrastructure

The Turkish government has announced plans to establish a national blockchain infrastructure for public administration applications. The Turkish government has announced plans to establish a national blockchain infrastructure to utilize distributed ledger technology (DLT) in public administration. The Ministry of Industry and Technology set out its vision during its Strategy 2023 presentation on Sept. 18 in Ankara. […]

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