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India’s central bank is trying to expand the global narrative around cryptocurrencies beyond “financial stability and integrity to macro-financial and cross-sectoral implications and risks of crypto-assets.
The central bank has examined the use of distributed ledger technology and smart contracts for its potential new digital currency.
Should the country decide to issue a digital pound, existing data protection, security and anti-money laundering rules would need amending, said Louise Abbott, partner at U.K.-based Keystone Law.
The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority’s e-HKD pilot.
The EU member is still trying out options for a central bank digital currency that could help the unbanked.
BNP Paribas’ corporate clients will be able to connect to China’s e-CNY through a connection to the Bank of China’s system.
The U.S. state’s House of Representatives voted 118-0 to pass an amended version of a bill that initially sought to ban crypto payments.
The paper turns on its head conventional wisdom that limits are needed to avoid supplanting the banking system
The country’s central bank wants people to be able to exchange Zimbabwe dollars for the gold-backed token so they can hedge against the currency’s volatility.
The pilot will see the central bank identify the practical application of a national stablecoin and come up with a design to simulate its circulation.