Sri Lanka’s Blockchain Bank KYC Platform to Enter Development ‘Shortly’: Central Bank – CoinDesk
The Monetary Board of the Central Bank of Sri Lanka is close to starting development of a blockchain platform expected to speed up the processing …
Zimbabwe Halts Mobile Transactions as Hyperinflation Spurs Currency Flight – CoinDesk
Zimbabwe’s central bank, seeking to block attempts to avoid the country’s hyperinflation, halted all transactions conducted by “mobile money agents” this week, and limited payment …
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BIS Expects COVID-19 Crisis to Boost CBDC Development Worldwide
The Bank for International Settlements (BIS) expects the COVID-19 crisis’ impact on retail payments to have a knock-on effect on the development of central bank …
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World’s Oldest Central Bank Reviews Possible Digital Currency With Mixed Results – CoinDesk
Sweden’s Riksbank has looked into the viability of central bank digital currencies (CBDCs) for its local market and declared mixed results. In a 96-page economic …
How Cryptocurrency Can Help in Paying Universal Basic Income
Due to the crisis caused by COVID-19, millions of people have lost all or part of their income. To support them, governments have been giving …
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Canada’s Central Bank Is Serious About Designing a CBDC, Job Posting Reveals – CoinDesk
After years of research, the Bank of Canada is preparing to design its own central bank digital currency (CDBC). Revealing its plans in a June …
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Korea’s Central Bank Forms Legal Panel to Advise on Possible Digital Currency Launch – CoinDesk
South Korea’s central bank is moving ahead with research into digital currencies, as it sets up a legal panel to advise on possible regulatory sticking …
Revamping E-Commerce During the Rise of Stablecoins
The world has been slowly recovering from the COVID-19 pandemic, while some countries are bracing themselves for a potential second wave, but the economic downturn …
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Custody Provider Copper Joins Think Tank to Bridge Gap Between Traditional Finance and Crypto – CoinDesk
London-based crypto custodian Copper has joined the Digital Monetary Institute (DMI) as a founding member to inform a range of discussions on the adoption of …
Saudi Monetary Authority Pumped Some of $13B Bank Infusion Using Blockchain – CoinDesk
The Saudi Arabian Monetary Authority (SAMA) has distributed cash to local banks over blockchain. On Monday, the central bank announced that it had deposited “part” …
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