Central Banks Favor Digital Currencies for Interbank Settlements

“No major central bank intends to implement a retail CBDC in the near term. However, the debate about wholesale CBDCs has moved on from questions of feasibility to practical considerations,” the report read. Majority Prefers Wholesale CBDC IBM and OMFIF rested the survey on how wholesale CBDC could be developed, tested and issued on a …

Philippines Prepares to Regulate Cryptocurrency Exchanges as Trading Platforms

The head of the Philippines’ Securities and Exchange Commission (SEC) is targeting draft rules for domestic cryptocurrency exchanges within weeks ahead of finalizing regulations later this year. Cryptocurrency exchanges in the Philippines could soon operate as regulated trading platforms as authorities proactively seek to both protect investors and enable an inclusive ecosystem for cryptocurrencies to …

Americas’ Oldest Central Bank Partners Bitcoin Startup to Explore Digital Currency

The Central Bank of Curacao and Sint Maarten (CBCS) has announced a partnership with blockchain technology firm Bitt aimed at exploring the issuance of a digital currency for Curacao and Sint Maarten island nations. Per the chief executive of Bitt, Rawdon Adams, a digital currency will be especially relevant to the two countries, which are …

Russia’s Central Bank Will Host an ICO Pilot on its Regulatory Platform

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Russian banking giant Sberbank and the country’s National Settlement Depository will test an initial coin offering on a central bank regulatory platform. Sberbank and the National Settlement Depository (NSD), Russia biggest bank and the securities depository respectively, will test the issuance of …

The Public Will Decide Cryptocurrencies’ Future: Malaysia’s Central Bank

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The head of Malaysia’s central bank has firmly stated that the fate of cryptocurrencies in the country depends on the public adopting them, adding it would neither ban nor recognize cryptocurrency. Speaking at the 40th-anniversary dinner of the Harvard Business School Alumni …