The Federal Financial Supervisory Authority (BaFin) in Germany is currently clarifying how the newly defined law can be applied to companies regarding the safekeeping of crypto-currencies. Companies that would be affected are one’s subject to foreign jurisdictions but serve the German market. In a guideline published in January, the regulatory authority announced that companies that […]
The capital of Austria has announced the use of a “Culture Token”, which is set for initial tests at the end of February. Residents of the city can earn the tokens by acting in a climate-friendly manner. Thus, a playful bonus system, in the form of an app, will aim to motivate citizens to reduce […]
The Chinese central bank has injected liquidity worth 1.2 trillion yuan (174 billion dollars) into the markets on Monday through reverse repo transactions. This is expected to support stock markets as they reopen amid a new outbreak of the coronavirus. The Chinese authorities have announced that they will provide sufficient liquidity through various monetary policy […]
Last week, a global consortium was announced at the WEF to focus on designing a legal framework for managing digital currencies, including stablecoins. In 2020, the WEF brought more than 3,000 global leaders from politics, government, civil society, science, arts and culture, and media together. Under the theme “Stakeholders for a Cohesive and Sustainable World”, […]
American venture capital investor Tim Draper recently commented on Bitcoin, suggesting that Millennials should invest in Bitcoin if they want to secure their financial future. Draper expressed this in an interview with Liz Claman. During the interview, published on January 22, Draper discussed people and topics such as Elon Musk, Space X and Bitcoin. Draper also accused the banking […]
(Source: Trending Topics 2019 via flickr.com) The likelihood of central banks issuing their own general purpose central bank digital currency (CBDC) has doubled from roughly 10 – 20%, from 2018 to 2019, according to the Bank of International Settlements (BIS). On Thursday, the Swiss-based BIS carried out a survey with 66 central banks across the […]
Swiss companies InCore Bank AG and inacta AG are joining forces to offer traditional banks the entire crypto-asset value chain. Together, InCore Bank AG and inacta AG want to make digital assets constitute an important role in the future of the financial system. Founded in 2007, inCore is a business-to-business transaction bank that offers banks, […]
The SIX Swiss Exchange has recently observed an increased interest in trading crypto assets. This increase in interest is shown by a survey (full-report in English) conducted by SIX among Swiss Exchange participants. Market participants observe increasing customer demand for digital assets Around two-thirds of the retail participants surveyed stated that their customers are showing […]
The United Arab Emirates (UAE) could save around $3billion billion in administrative costs by adopting blockchain technology. This information was released by a report published by the World Economic Forum. The aim of the study was to analyze factual examples of applications of blockchain technology and to concretize them. Mirek Dusek, who is a member […]
The Australian central bank (Australian Reserve Bank, ARB) is currently investigating the possibility of a Digital Central Bank Currency (CBDC). The Bank has revealed that it wishes to simulate the use of a CBDC in a wholesale payment system. Many central banks are currently looking at digital currencies, mainly as a result of Facebook’s plans […]
