Global interbank messaging network SWIFT plans to explore how it can support interoperability in the tokenized asset market.SWIFT is planning a series of experiments in the first quarter around improving the exchange of information between the participants and systems that interact during the lifecycle of tokenized assets, according to a Tuesday announcement.The experiments … [Read more...] about Banks’ SWIFT Messaging System to Experiment With Tokenized Assets in Early 2022
experiment
Polkadot Is Deutsche Telekom’s Latest Crypto Experiment
While Polkadot will be the fourth blockchain Deutsche Telekom is working with, it is the first network T-Systems evaluated for running infrastructure, and has been on the firm’s radar from the beginning, said Andreas Dittrich, head of Deutsche Telekom’s Blockchain Solutions Center. As such, T-Systems will be running several validators, both private and public, for the Polkadot … [Read more...] about Polkadot Is Deutsche Telekom’s Latest Crypto Experiment
BIS Experiment Finds CBDCs to Be Effective in Cross-Border Settlements
The report suggests that, based on the experiment, an intraday, wholesale CBDC could have a positive impact on financial stability and limited influence on monetary policy. But Sylvie Goulard, deputy governor of the Bank of France, said that the scale of the experiment was too limited to arrive at broader conclusions. Source link … [Read more...] about BIS Experiment Finds CBDCs to Be Effective in Cross-Border Settlements
Bank of England chief expresses concern over El Salvador’s Bitcoin experiment
Speaking at the Cambridge University students union on Thursday, Bank of England Chief Andrew Bailey expressed worry for the citizens of El Salvador following the country’s adoption of Bitcoin as legal tender.Bailey said the move to adopt Bitcoin within a dual currency system was concerning, while also adding that volatility would impact most detrimentally.This isn’t the first … [Read more...] about Bank of England chief expresses concern over El Salvador’s Bitcoin experiment
UAE to experiment and launch an in-house digital currency
The United Arab Emirates becomes the latest country to join the race for experimenting with an in-house digital currency. According to the three-year plan for 2023-2026 that announces the launch of its digital currency, the Central Bank of the UAE, or CBUAE, intends to stand among the top 10 central banks across the world.CBUAE’s strategy involves seven objectives to help drive … [Read more...] about UAE to experiment and launch an in-house digital currency