PBoC’s Digital Currency Chief Departs to Lead Securities Clearing House

The former architect of China’s central bank digital currency (CBDC) initiative has left the position to head the country’s central securities clearing house. Yao Qian, who founded the Digital Currency Research Lab at the People’s Bank of China (PBoC) last year, has now taken up the role of general manager at the China Securities Depository […]

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PBoC Is Seeking Blockchain Talent to Help Build Its Central Bank Crypto

The People’s Bank of China (PBoC) is looking to recruit blockchain tech and legal experts as it continues development of its central bank digital currency. According to various employment ads posted on Tuesday, the central bank is currently hiring four engineers with expertise on system architecture, chip design, blockchain development and application, cryptography and security protocol […]

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Middle East’s First Central Bank-Backed Crypto Exchange to Launch in 2019

Two blockchain veterans are gearing up to launch what could be the first cryptocurrency exchange in the Persian Gulf to be licensed by a central bank. Revealed exclusively to CoinDesk, Rain Financial has opened its public waiting list after a year in the Central Bank of Bahrain’s fintech sandbox. Co-founded by Saudi blockchain consultant Abdullah […]

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Venezuela’s Petro Cryptocurrency Is a Gift to Future Generations

Leon Markovitz is a serial entrepreneur and marketing professional. Born in Venezuela, he now lives in Israel where he is researching and marketing stablecoin projects. I really got into cryptocurrencies when I heard about Venezuela’s stablecoin attempt, the petro, late last year. The idea that the dictatorship was going to try using blockchain to further […]

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Cryptocurrency Concept Is a ‘Fallacy’ Says Finnish Central Bank Advisor

“The analysis shows that the concept of a digital currency is a fallacy.” Using digital currencies synonymously with the term cryptocurrencies, a paper published by the Bank of Finland and written by one of its advisors argues that cryptocurrencies aren’t real forms of money. According to Aleksi Grym, the central bank’s digitalization advisor, cryptocurrencies are […]

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Bank of International Settlements to Publish New Crypto Research

The Bank of International Settlements (BIS) is dedicating two chapters of its forthcoming annual economic report to cryptocurrencies. BIS – considered to be the central bank’s central bank – will publish those two chapters this weekend on June 17, the institution announced this week. The full report will be published on June 24. The upcoming […]

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Blockchain Can Help UK ‘Stay Relevant’ After Brexit, Says EU Lawmaker

A British Member of the European Parliament (MEP) has called on the City of London and the Bank of England to embrace blockchain technology as a means of staying relevant in the post-Brexit era. Kay Swinburne, who is also the most senior legislator on the EU’s Economic and Monetary Committee, told Business Insider that “the […]

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Swift Signs Agreement With 7 CSDs to Explore Blockchain for Post-Trade

Swift has signed a memorandum of agreement with seven central securities depositories to look into how blockchain can be used for post-trade processes, such as proxy voting. Revealed today, the agreement is with U.S.-based Nasdaq Market Technology, Russia-based National Settlement Depository, Switzerland-based SIX Securities Services, South Africa-based Strate, as well as the Abu Dhabi Securities […]

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