China’s Top Bank says that a Government Backed Digital Currency is Close

The people’s bank of China has said that it is progressing smoothly with its development of a government backed digital currency. The bank issued this statement during a conference in Beijing that was held on Jan 2-3 according to an…

Chinese Province Launches Blockchain-based SME Financing Project

The Chinese province of Guangdong’s government launched a Blockchain based financing platform that will help small enterprises in the region access loan financing quicker from commercial banks. The government led project is supported by Oneconnect, which is a fintech firm…

Blockchain in central banks? Banque de France is open to it!

Blockchain in central banks seems to be an idea whose time has come, and Banque de France senior officials endorse it.

Banks May Drop Facebook Due to Regulatory Concerns

An ING executive has warned that banks may be forced to drop Facebook as a customer, if it persists with its plans to develop the Libra project. The executive is concerned that Facebook may continue its project without addressing the…

ECB Banker: Libra Could succeed where Central Banks have failed

Facebook’s Libra could potentially solve some of the problems that have plagued the international payments market for years now, but it might also create others if the regulators don’t get creative. This is according to a European Central banker who…

Ripple adds Dubai-based Bank to its Blockchain Network

Ripple partners with the National bank of Fujairah, in yet another stride towards the development of RippleNet’s Blockchain network. The national bank of Fujairah is a Dubai-based corporate bank that offers corporate and commercial banking services for conducting cross-border payments.…

Germany’s Largest Bank joins JPMorgan’s Blockchain Network

The largest bank in Germany Deutsche bank, has joined JPMorgan’s Blockchain-based network; the interbank information Network (INN) The JPMorgan Blockchain initiative was launched bank in 2017 as a pilot, and has since attracted 320 banks which have all signed up…

Binance set to Launch Dollar Backed Stable Coin

Binance is set to launch a dollar backed stable coin in the United States according to reports. The new Binance stable coin will be known as the Binance USD (BUSD) according to an announcement made by the exchange. The new…

IMF Head: We Should be Open to Cryptocurrencies

Outgoing IMF Head Christine Lagarde, believes financial institutions such as Central banks and other financial bodies should remain vigilant in protecting consumer interests while at the same time being open to innovations like cryptocurrencies. The outgoing International Monetary Fund (IMF)…

Germany Bank WEG Granted Crypto License in Estonia

German Bank WEG just obtained a crypto trading and custody license in Estonia that will see them handle crypto transactions The bank revealed this in a tweet on Aug 25 while also revealing its plans to secure a similar license…