Bank of Korea in CBDC talks with Klaytn public blockchain – Ledger Insights – enterprise blockchain

https://www.ledgerinsights.com/bank-of-korea-cbdc-central-bank-digital-currency-klaytn-public-blockchain/

The Bank of Korea (BOK) has confirmed it is discussing central bank digital currencies (CBDC) with private blockchain firms, including domestic public blockchain Klaytn. Two weeks ago, we reported that the Bank of Korea plans to use blockchain or distributed ledger technology (DLT) for its digital won experiments, referring to it as a CBDC ledger. It also outlined a two […]

No Facebook Libra stablecoin launch before central banks explore digital currencies (CBDC) – Ledger Insights – enterprise blockchain

https://www.ledgerinsights.com/no-facebook-libra-stablecoin-launch-before-central-banks-explore-digital-currencies-cbdc/

Today the Financial Stability Board (FSB) published two papers related to digital currency in preparation for G20 meetings. The first on global stablecoins outlines a long list of current and planned legislation and a timetable. The second focused on cross-border payments and gave central banks a timetable to explore central bank digital currencies (CBDC) for cross-border purposes. The IMF […]

Circle’s stablecoin to be used for blockchain gaming platform to target mainstream users – Ledger Insights – enterprise blockchain

https://ledgerinsights.com/circles-stablecoin-blockchain-gaming-mainstream-users/

Today Circle announced a deal with CryptoKitties creator Dapper Labs, which will allow credit and debit card payments to be converted to the USDC stablecoin. In turn, the USDC will be used for in-game blockchain payments on Dapper Labs Flow network. We believe Flow will also be used for the NBA Top Shot game, which […]

Bank of England Governor wants to ensure stablecoins don’t lead to return of wild-west – Ledger Insights – enterprise blockchain

https://ledgerinsights.com/bank-of-england-governor-stablecoins-digital-pound/

In a speech at the Brookings Institute today, Bank of England Governor Andrew Bailey discussed the potential for stablecoins and central bank digital currencies (CBDC). He doesn’t preclude a CBDC from existing alongside stablecoins and even stored in the same wallet. However, he made it clear that no stablecoin will be allowed to become a systemic payment […]

Nobel laureate: why central bank digital currencies will drive out cryptocurrencies – Ledger Insights – enterprise blockchain

https://ledgerinsights.com/nobel-laureate-why-central-bank-digital-currencies-will-drive-out-cryptocurrencies/

In a recent webinar, 2007 Nobel Laureate for economics, Harvard Professor Eric Maskin outlined why he sees central bank digital currencies (CBDC) as likely to displace cryptocurrencies. In a high quality webinar with Luohan Academy (initiated by Alibaba), the economist also expressed optimism about the positive impact of blockchain on economic growth because it will broaden market […]

Congressman argues for permissionless digital dollar to demonstrate U.S. values

https://www.ledgerinsights.com/digital-dollar-congress-permissionless/

Today, Congress held an online hearing on how to distribute COVID-19 stimulus payments better, as part of the U.S. House Committee on Financial Services. Congressman Tom Emmer acknowledged that really there were two topics: firstly, how the government can better use technology to deliver services and secondly a central bank digital currency (CBDC). The focus […]

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Digital Dollar Project unveils its digital currency model – Ledger Insights – enterprise blockchain

https://www.ledgerinsights.com/digital-dollar-project-unveils-digital-currency-model-cbdc/
Today the Digital Dollar Project published its first whitepaper outlining a pragmatic set of design features to be investigated. The initiative is a partnership between Accenture and the Digital Dollar Foundation to explore a US central bank digital currency (CBDC) through public discussions. The Digital Dollar Foundation was co-founded by former CFTC commissioner Chris Giancarlo and is […]

Austrian Raiffeisen Bank to pilot tokenized cash using Billon blockchain

https://www.ledgerinsights.com/raiffeisen-bank-blockchain-tokenized-cash-billon/

Today blockchain startup Billon Group announced it will run a pilot with Raiffeisen Bank International (RBI) to digitize bank account cash as RBI Coin. This follows a previous proof of concept by the two firms when Billon participated in the RBI Elevator Lab. The Austrian bank with 16.7 million customers has its main activities in Central and […]

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