The People’s Bank of China (PBoC) has an agenda to set industry standards across the financial sector, including blockchain, a senior official from the bank said on Wednesday. Speaking at a meeting of the National Technical Committee, PBoC vice president…
The Monetary Authority of Singapore (MAS), the country’s central bank, and investment banking giant JPMorgan have developed a blockchain prototype for cross-border payments. Announcing the news on Monday, MAS said that the prototype enables payments to be carried out in different currencies…
The Republic of Azerbaijan is planning to complete a project of blockchain-based digital identification system by the end of 2019. Farid Osmanov, director of the information technology department at the Central Bank of Azerbaijan (CBA), says that the new system…
The Bank of Canada is considering launching a digital currency that would help it combat the “direct threat” of cryptocurrencies and collect more information on how people spend their money, The Logic has learned. An internal Bank of Canada presentation, prepared for…
A top Federal Reserve official said Wednesday that the U.S. central bank is “actively looking at and debating” issuance of a digital currency, amid growing worries among current and former regulators that the dollar might be at risk of losing…
The Swiss National Bank (SNB) and Bank for International Settlements (BIS) have signed an agreement to cooperate on the BIS Innovation Hub Centre in Switzerland. Two major projects According to a news release on Oct. 8, the BIS’s first three innovation hubs…
The Republic of Burundi, a landlocked African nation, banned all cryptocurrencies within its borders. According to a statement made by the Bank of the Republic of Burundi, the country’s central bank, the measure was taken as an act of consumer protection. “These…
The Central Bank of Brazil has moved to classify bought or sold cryptocurrency assets per International Monetary Fund (IMF) guidelines. Brazil’s central bank announced its decision on Aug. 26. With the new classification under IMF standards, traded cryptocurrencies will be classified as non-financial…
Rwanda’s central bank is studying the development and issuance of its own digital currency. The National Bank of Rwanda (NBR) is looking at other research conducted by central banks on the topic, specifically the Royal Bank of Canada, De Nederlandsche…