The Bank of Russia has registered tokenization service Atomyze as the country’s first digital asset management company, the central bank officially announced Thursday.According to the announcement, the Bank of Russia has formally deemed the rules of the company’s information system and the platform’s technical implementation as being compliant with the Russian law.The … [Read more...] about Russian central bank registers nation’s first digital asset manager
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Central Bank of Jordan reveals CBDC plans
Central Bank of Jordan (CBJ) has revealed that it is researching issuing a digital currency. The central bank digital currency (CBDC) would be linked to the Jordanian dinar and have legal standing.Adel Al Sharkas, the governor of CBJ, has reportedly stated that his institution is researching the option of creating a legal digital currency. He also predicted that cryptocurrency … [Read more...] about Central Bank of Jordan reveals CBDC plans
Iran to reportedly pilot central bank digital currency soon
The Central Bank of Iran (CBI) is reportedly planning to launch a central bank digital currency (CBDC) pilot soon.According to a report by the Iranian Labour News Agency, the CBI vice governor said that CBDCs could help the country resolv financial inconsistencies. The development of a sovereign digital currency in Iran began in 2018 at the Informatics Services Corporation — … [Read more...] about Iran to reportedly pilot central bank digital currency soon
Central Banks Are Best Sources of Trust in Money in a Digital Age
Central banks are the key institutions for providing trust, and alternatives have often ended badly, he said. He was speaking at Goethe University’s Institute for Law and Finance (ILF) conference on “Data, Digitalization, the New Finance and Central Bank Digital Currencies: The Future of Banking and Money" on Tuesday. Source link … [Read more...] about Central Banks Are Best Sources of Trust in Money in a Digital Age
Malaysia’s Central Bank actively assessing CBDC options
Malaysia has joined the growing cadre of nations that are exploring the value of researching and developing a central bank digital currency (CBDC).Malaysia’s central bank, Bank Negara Malaysia, stated to Bloomberg on Jan. 17 that while a decision about exactly how to move forward with a CBDC has not yet been determined, it has focused research on a CBDC “via proof-of-concept … [Read more...] about Malaysia’s Central Bank actively assessing CBDC options