The Commodity Futures Trading Commission’s Rostin Behnam called for an “open mind” on disruptive tech regulation like blockchain. A new commissioner at U.S. regulator the Commodity Futures Trading Commission (CFTC) repeated called for handling fintech – including blockchain and cryptocurrency – with an “open mind” in a speech Thursday, Oct. 25. Speaking at the 2018 […]
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The majority of global financial institutions surveyed believe that central banks should issue state-backed digital currencies, a report says. The majority of global financial institutions surveyed believe that central banks should develop central bank-issued digital currencies (CBDCs), according to a joint study by IBM Blockchain World Wire and the Official Monetary and Financial Institutions Forum […]
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Japan’s central bank doesn’t want a CBDC. What about others? On October 20, The Bank of Japan’s (BOJ) deputy governor, Masayoshi Amamiya, repeated his negative stance towards central bank-issued digital currencies (CBDC), claiming that such digital currencies are unlikely to improve the existing monetary systems. The concept of CBDC, or national cryptocurrencies, has attracted many […]
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The Central Bank of Germany and securities marketplace organizer Deutsche Boerse have completed a successful blockchain settlement trial. The central bank of Germany, Deutsche Bundesbank, and securities marketplace organizer Deutsche Boerse (DB) have successfully completed the trial of a blockchain solution in the settlements area, DB’s report reveals Thursday, Oct. 25. According to the report, […]
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The SEC has launched its FinHub. What should we expect? On October 18, the U.S. Securities and Exchange Commission (SEC) announced the launch of the agency’s Strategic Hub for Innovation and Financial Technology (FinHub). The new arm of the regulator will be focused on fintech-related fields, including, specifically, distributed ledger technology (DLT) and digital […]
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Johnny Depp is teaming up with crypto-powered social entertainment platform TaTaTu to produce content via his own production firm. U.S. actor and producer Johnny Depp is partnering with crypto-powered social entertainment platform TaTaTu, according to a report by film industry media Hollywood Reporter posted Monday, Oct. 22. As a part of the new agreement, the […]
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Money 20/20: blockchain and central bank digital currencies represent a “great challenge” to existing real-time gross settlement systems, says HSBC exec. A senior executive from U.K.-based bank HSBC has said that time-efficient distributed ledger technologies (DLT) and central bank digital currencies (CBDCs) represent a “great challenge” to existing real-time gross settlement (RTGS) systems, Cointelegraph learned […]
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Switzerland’s Capital Markets and Technology Association (CMTA) has published new anti-money laundering standards for digital assets and DLT in the financial market. The Switzerland-based Capital Markets and Technology Association (CMTA) has published new anti-money-laundering (AML) standards for digital assets and distributed ledger technologies (DLT) Oct. 18. CMTA is a non-profit, independent association established in Geneva […]
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The SBI Group plans to license Sepior ApS’ wallet technology to use in its own wallet, which will become a part of its digital currency exchange platform, the company said in an announcement. When it came to the decision, SBI said that Sepior’s multiparty computation (MPC) approach allows for a high level of protection for […]
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Dutch banking giant ING wants to “improve” the anonymity credentials of enterprise blockchain use. Dutch multinational banking and financial services corporation ING confirmed the release of its open source blockchain tool Zero-Knowledge Set Membership (ZKSM) in a press release Monday, Oct. 21. ZKSM, which functions as a privacy “improvement” to distributed ledger technology (DLT), such […]
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