Ledger Vault Chosen by Societe Generale-Forge to Offer Security Services for its Central Bank Digital Currency or CBDC Tests

https://www.crowdfundinsider.com/2020/10/168304-ledger-vault-chosen-by-societe-generale-forge-to-offer-security-services-for-its-central-bank-digital-currency-or-cbdc-tests/

Ledger Vault chosen by Societe Generale-Forge to offer security services for its central bank digital currency or CBDC tests.

“Virtual assets and so-called stablecoins” G20 Supports FATF Regulatory Efforts Targeting Money Laundering and Illicit Financing

https://www.crowdfundinsider.com/2020/10/168251-virtual-assets-and-so-called-stablecoins-g20-supports-fatf-regulatory-efforts-targeting-money-laundering-and-illicit-financing/

Last week, the G20 Finance Ministers and Central Bank Governors welcomed the efforts of the FATF to identify the money laundering and terrorist financing risks that have arisen during the COVID-19 pandemic.  The G20 said that the COVID health crisis is being exploited by criminals who siphon off financial

Industry Insiders Comment on Digital Euro Prospects: “Alternative forms of payment are here to stay”

https://www.crowdfundinsider.com/2020/10/167647-industry-insiders-comment-on-digital-euro-prospects-alternative-forms-of-payment-are-here-to-stay/

Last week, the European Central Bank published a report published addressing the possibility of the issuance of a digital euro. The report was prepared by the Eurosystem High-Level Task Force on central bank digital currency (CBDC) and approved by the Governing Council thus representing he importance of the document

Stablecoins May Lead to Transformation of Financial Services, Especially Payments, According to Experienced Investment Professionals

https://www.crowdfundinsider.com/2020/09/167347-stablecoins-may-lead-to-transformation-of-financial-services-especially-payments-according-to-experienced-investment-professionals/

Stablecoins may lead to transformation of financial services, especially payments, according to experienced investment professionals.

Trio from Boston Consulting Group Create CBDC Tracker

https://www.crowdfundinsider.com/2020/09/166649-trio-from-boston-consulting-group-create-cbdc-tracker/

Have you ever wondered which countries are working on Central Bank Digital Currencies (CBDCs) and where they stand in the process? Are they simply doing research or is there a pilot program in the works? Or maybe there is a digital currency live and in the wild being used

Bank of England Governor Andrew Bailey Says Bitcoin Falls Short in Payments but Stablecoins May be Useful

https://www.crowdfundinsider.com/2020/09/166302-bank-of-england-governor-andrew-bailey-says-bitcoin-falls-short-in-payments-but-stablecoins-may-be-useful/

Andrew Bailey, the Governor of the Bank of England, spoke at the Brookings Institue in the US this week and he tackled a hot topic: cryptocurrencies. More specifically, Bailey spoke about the efficacy, or lack of, when using certain digital assets in payment transactions. Bailey said that while Bitcoin

Coinbase Pro to Add Celo (CELO), a Cryptocurrency Used by Platform that Makes it Easier to Send, Receive Stablecoins using Smartphones

https://www.crowdfundinsider.com/2020/09/165843-coinbase-pro-to-add-celo-celo-a-cryptocurrency-used-by-platform-that-makes-it-easier-to-send-receive-stablecoins-using-smartphones/

Coinbase Pro to add Celo (CELO), a cryptocurrency used by platform that makes it easier to send, receive stablecoins using smartphones.

CBDCs: China’s Virtual Yuan or Digital Currency Electronic Payment (DCEP) System to be Introduced in Hong Kong’s Greater Bay Area

https://www.crowdfundinsider.com/2020/08/165243-cbdcs-chinas-virtual-yuan-or-digital-currency-electronic-payment-dcep-system-to-be-introduced-in-hong-kongs-greater-bay-area/

China’s virtual yuan (CBDC), which is also referred to as digital currency electronic payment (DCEP), will reportedly be introduced for testing in Hong Kong’s Greater Bay Area within the next few weeks. The Greater Bay Area is a megapolis that includes nine major cities (Guangzhou, Shenzhen, Macau, Hong Kong,

CBDCs: Wang Yongli, Former VP of China’s Reserve Bank, Argues that Central Bank Digital Currencies can Serve as Cash Substitute

https://www.crowdfundinsider.com/2020/08/164870-cbdcs-wang-yongli-former-vp-of-chinas-reserve-bank-argues-that-central-bank-digital-currencies-can-serve-as-cash-substitute/

CBDCs: Wang Yongli, former VP of China’s reserve bank, argues that central bank digital currencies can serve as cash substitute.

CBDCs: Bank of Japan and the Central Bank in the Philippines Continue to Conduct Research to Determine Feasibility of Digital Currencies

https://www.crowdfundinsider.com/2020/08/164837-cbdcs-bank-of-japan-and-the-central-bank-in-the-philippines-continue-to-conduct-research-to-determine-feasibility-of-digital-currencies/

CBDCs: Bank of Japan and the Central Bank in the Philippines continue to conduct research to determine feasibility of digital currencies.

Circle Teams Up With Genesis to Advance Adoption of Stablecoins in Mainstream Finance

https://www.crowdfundinsider.com/2020/07/164742-circle-teams-up-with-genesis-to-advance-adoption-of-stablecoins-in-mainstream-finance/

Global fintech Circle announced on Thursday it has joined forces with digital asset prime brokerage firm Genesis to accelerate the adoption and acceptance of digital dollar stablecoins in mainstream finance. According to Circle and Genesis, the partnership includes a $25 million investment of capital into Circle from Digital Currency Group (DCG), the

Cuy Sheffield, the Head of Crypto at Visa, Argues that Central Bank Digital Currencies Could be One of the Most Important Developments in the Coming Decade

https://www.crowdfundinsider.com/2020/07/163669-cuy-sheffield-the-head-of-crypto-at-visa-argues-that-central-bank-digital-currencies-could-be-one-of-the-most-important-developments-in-the-coming-decade/

Cuy Sheffield, the head of Crypto at Visa, says that central bank digital currencies (CBDC) could potentially prove to be one of most important developments in the coming decade. Sheffield, who previously worked in business development at TrialPay, is now responsible for overseeing Visa’s crypto-related initiatives. He noted via

FATF Meeting Addresses Virtual Assets, Study Continues on Crypto with Focus on Stablecoins

https://www.crowdfundinsider.com/2020/07/163500-fatf-meeting-addresses-virtual-assets-study-continues-on-crypto-with-focus-on-stablecoins/

The Financial Action Task Force (FATF) completed a meeting this week calling on members to “tackle new threats and vulnerabilities posed by criminals during the COVID-19 crisis.” The FATF is an international policy-making and standard-setting body, headquartered in Paris, dedicated to combating money laundering and the financing of terrorism

Consumers Might Shift Financial Holdings to Stablecoin Denominated Assets if Existing Payments Systems aren’t Improved, Sweden’s Riksbank Says

https://www.crowdfundinsider.com/2020/06/163275-consumers-might-shift-financial-holdings-to-stablecoin-denominated-assets-if-existing-payments-systems-arent-improved-swedens-riksbank-says/

In February 2020, Sweden began piloting an electronic version of its national currency, the e-krona. The European nation’s government had confirmed at that time that the e-krona was a step closer to its official launch as a central bank digital currency (CBDC). Riksbank, the central bank of Sweden, had

Tether’s USDT Stablecoin Grows Faster on Compound Protocol than Others, Has Potential to Streamline Cross-Border Payments: Report

https://www.crowdfundinsider.com/2020/06/163002-tethers-usdt-stablecoin-grows-faster-on-compound-protocol-than-others-has-potential-to-streamline-cross-border-payments-report/

The global stablecoins markets recently surpassed the $11 billion mark. Many blockchain and crypto firms are beginning to realize the potential of stablecoins in facilitating many different types of transactions including cross-border or remittance payments. Tether (USDT), the blockchain-powered platform that powers the world’s largest stablecoin by market cap,

Fintech Projects like Facebook-led Libra Stablecoin Initiative, Digital Yuan, COVID-19 are Transforming Money to an Extent “Never Before Seen”: Report

https://www.crowdfundinsider.com/2020/06/163029-fintech-projects-like-facebook-led-libra-stablecoin-initiative-digital-yuan-covid-19-are-transforming-money-to-an-extent-never-before-seen-report/

Technological advancements, money and payment systems have been closely linked from the earliest days of society and human civilization. However, technology is now transforming money and global payment platforms “to an extent and speed never before seen,” according to recent paper titled, “After Libra, Digital Yuan and COVID-19: Central

CBDCs Could Enable More Efficient Cross-Border Payments, and Improved Resource Distribution, like Stimulus Cheques: Report

https://www.crowdfundinsider.com/2020/06/162963-cbdcs-could-enable-more-efficient-cross-border-payments-and-improved-resource-distribution-like-stimulus-cheques-report/

Central bank digital currencies (CBDCs) are a virtual form of money issued by a country’s reserve bank. A CBDC can easily be implemented using a traditional database management system operated by central bank in collaboration with approved private sector entities. Blockchain technology is not needed for developing or issuing

New Proposal Recommends Multi-Currency CBDC including Chinese Yuan, Japanese Yen, South Korean Won, Hong Kong Dollar

https://www.crowdfundinsider.com/2020/06/162756-new-proposal-recommends-multi-currency-cbdc-including-chinese-yuan-japanese-yen-south-korean-won-hong-kong-dollar/

Many developing and developed countries across the globe are considering or already developing and testing their own central bank digital currencies (CBDCs). China might be creating an East Asia virtual currency platform, according to a report from the Nikkei Asian Review. The new currency might compete with the Facebook-led

Stablecoins are “Systemically Important” to Bitcoin’s Ecosystem, as Number of Addresses with 1,000 BTC Increases by 8.9% in Past Year: Report

https://www.crowdfundinsider.com/2020/06/162763-stablecoins-are-systemically-important-to-bitcoins-ecosystem-as-number-of-addresses-with-1000-btc-increases-by-8-9-in-past-year-report/

The number of Bitcoin addresses holding at least 0.1 BTC has again hit a new all-time high. Glassnode data reveals that there are now 3,054,282 Bitcoin addresses holding 0.1 BTC, valued at around $950 at current rates. As previously reported, the last all-time high was set on May 21,

Federal Reserve Bank Report on CBDCs: Central Banks May Become Deposit Monopolist, Sorry Commercial Banks

https://www.crowdfundinsider.com/2020/06/162436-federal-reserve-bank-report-on-cbdcs-central-banks-may-become-deposit-monopolist-sorry-commercial-banks/
The US Federal Reserve Bank of Philadelphia has published a paper on Central Bank Digital Currencies or CBDCs. This is a hot sector of digital assets as CBDCs have the potential to supplant paper currency at some point in the future. Yet many questions remain regarding the systemic impact

Binance USD (BUSD) Stablecoin Added to KyberSwap Exchange and other dApps based on Kyber Network

https://www.crowdfundinsider.com/2020/05/162028-binance-usd-busd-stablecoin-added-to-kyberswap-exchange-and-other-dapps-based-on-kyber-network/
BUSD (Binance USD), a stablecoin pegged 1:1 with the US dollar, will be accessible via the KyberSwap exchange and other decentralized applications (dApps) and platforms that are based on the Kyber Network, a widely-used on-chain liquidity protocol in the decentralized finance (DeFi) space. BUSD has been approved by the

Swiss Financial Services Firm Eidoo Introduces Stablecoin based, Visa Crypto Debit Card

https://www.crowdfundinsider.com/2020/05/161927-swiss-financial-services-firm-eidoo-introduces-stablecoin-based-visa-crypto-debit-card/
Bitcoin (BTC) and other digital currencies can be difficult to spend because most merchants still do not accept them. The Switzerland-based firm, Eidoo, is planning to help consumers easily spend virtual currencies by launching a Visa crypto debit card that will use regulated or compliant stablecoins for performing crypto-to-fiat