Tag: central bank

UAE Central Bank, Saudi Arabia to Develop Joint Cryptocurrency for Interbank Transactions

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The United Arab Emirates and Saudi Arabia are jointly developing a digital currency meant for interbank transactions. The United Arab Emirates’ (UAE) central bank is collaborating with the Saudi Arabian Monetary Authority (SAMA) to issue a cryptocurrency accepted in cross-border transactions between the two countries. English-language Dubai-based media outlet GulfNews reported on this collaboration on […]

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Harvard Economist: Bitcoin’s Future Value More Likely to Be $100 Than $100K

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Ex-chief economist of the IMF and Harvard University Professor of Economics and Public Policy Kenneth Rogoff has characterized Bitcoin as “a lottery ticket.” The former chief economist of the International Monetary Fund (IMF) has characterized Bitcoin (BTC) as “a lottery ticket,” in an article for major United Kingdom daily broadsheet The Guardian Dec. 10. Writing […]

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Blockchain Policy Development in China Concentrated in Three Cities

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One third of national blockchain-related policies in China have been made in three areas: Beijing, Shanghai and Guangzhou. Beijing, Shanghai and Guangzhou — or BeiShangGuang — has become the most concentrated area of ​​relevant blockchain legislation and policy in China, reports local finance publication Securities Daily Dec. 7. The Chinese securities newspaper has analyzed blockchain-related […]

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Chilean Government Making Progress on Crypto Regulation, Says Finance Minister

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The Chilean finance minister told local media that the government is making progress on clear crypto legislation. Chile’s Minister of Finance Felipe Larrain claims that a group of state institutions “is making progress” in developing crypto regulation, local daily newspaper La Tercera reports Friday, Dec. 7. According to Larrain, the Ministry of Finance is working […]

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Malaysia: Finance Regulator, Central Bank Say Cryptocurrency Regulation ‘Being Put in Place’

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Authorities are in the process of developing cryptocurrency and ICO rules, which could become law in Q1 2019. Malaysia’s finance regulator and central bank issued a joint press statement Dec. 6 in which they confirmed they were “putting in place” legislation on cryptocurrency and Initial Coin Offering (ICO) assets. The statement from the Malaysia’s Securities […]

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Four International Banks Complete Commercial Paper Transaction on R3’s Corda Platform

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Four international banks have completed a live commercial paper transaction based on blockchain consortium R3’s Corda platform. A group of international banks in partnership with enterprise blockchain software firm R3 have completed a live commercial paper transaction based on blockchain platform Corda, Finextra reported Dec. 6. The transaction was implemented on the Corda-based Euro Debt […]

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‘Hope Coin’: The Story of Malaysia’s Crypto Political Fundraising Platform

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Crypto fundraising might be a great tool to fight corrupt regimes, but what happens when freedom fighters seize power? The ongoing controversy surrounding Malaysia’s proposed political cryptocurrency, Harapan Coin, is far from letting up. On Nov. 26, the country’s finance minister, Lim Guan Eng, weighed in on the issue by reiterating that any entity looking to issue […]

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