Ralph Hamers, the new CEO of UBS Group AG, spoke out in favor of digital assets and tokenization at the Singapore Fintech Festival (SFF). He sees “virtually unlimited potential” in these technologies, especially for the Swiss financial center and the Crypto Valley. This week, the annual FinTech Festival is taking place in Singapore, bringing together numerous major […]
Christine Lagarde has identified privately-issued stablecoins as representing a greater risk to financial stability and the monetary sovereignty of the EU than cryptocurrencies like bitcoin. She has commented on the topic a few times before and proposes a digital Euro in the form of a CBDC. The European Central Bank (ECB) President says that volatile […]
China Construction Bank (CCB) is the first Chinese financial institution to issue blockchain-based security. Through tokenization, the major bank wants to make investments in bonds more accessible to private investors.
The credit card company Mastercard announced this week that it intends to expand its offer for crypto-currencies together with the company Wirex. The aim is to make it easier for consumers to hold and purchase crypto-currencies. According to a press release issued by the company, consumer interest and investment in digital currencies is increasing. Research […]
The step of the major US bank JPMorgan Chase to accept two well-known crypto exchanges as customers with immediate effect could be followed by other institutions. It proves that the traditional financial industry is becoming more open to digital currencies like Bitcoin. The CEO of JPMorgan Chase once called Bitcoin a fraud, but now the […]
The history of money goes way back. Over time the nature of money has changed radically. In the meantime a distinction must be made between currency and money in the classical sense. What is money, where does it come from, and above all, how will it develop in the future? At first glance, it may […]
Digital currencies issued by central banks will be a hot topic in 2020. Meanwhile, many central banks have already discussed the advantages and disadvantages of CBDC’s, and some nations are already working on their own digital currency. In a survey conducted this year by the Bank for International Settlements (BIS) among 66 central banks, 80% […]
The Central Bank of South Korea appears to be launching a pilot program to test the digital won. The program is scheduled to run until December 2021 to test technical and legal requirements. Although there are no immediate plans to issue or introduce a CBDC, the bank intends to use the pilot program to ensure […]
The Peoples Bank of China (PBoC) is said to have come closer to issuing a national digital currency. According to an industry insider, the central bank is said to have completed work on the basic functions of the digital currency. The basic functions of the digital yuan have been implemented The basic functions, which according […]
The Italian Banca Sella has set up a service for trading bitcoin in the last few days. The bank is using their “hype platform” for this purpose and sees bitcoin as a secure way to transfer money internationally during the crisis. The “Hype platform” currently has 1.2 million customers Currently, around 1.2 million Italians are […]
