private sector
Fed Chair Powell Asserts Money Supply is for Central Banks not Private Sector
Federal Reserve Chairman Jerome Powell asserted that the private sector has no place in money issuance and by extension the development of a Central Bank Digital Currency (CBDC).
Stellar CEO Denelle Dixon Joins IMF Panel on Cross-Border Payments
Stellar CEO Denelle Dixon is slated to take part in the IMF's annual meeting today, to discuss the private-sector’s role in addressing the limitations of cross-border payments.
UK Aims to Implement Crypto Regulation Soon
The UK plans to establish digital asset regulation within a year to take advantage of blockchain's benefits for the private sector and the economy, according to Andrew Griffith, the economic secretary to the UK Treasury.
German Government to Revamp its Energy Sector with Blockchain-Based Strategy
The German government intends to propel efficiency and productivity in its energy sector. As a result, it intends to use blockchain technology to attain this objective as stated by the country's Federal Minister of Economics, Peter Altmaier.
Shenzhen Stock Exchange to Integrate Blockchain Technology to “Better Serve” China’s Capital Market Sector
The Shenzhen Stock Exchange, also known as the Shenzhen Stock Connect, has signed an agreement with the Guangdong Equity Exchange to jointly work on further developing the use of blockchain technology in the capital market sector.
Private Firms Can Boost Innovation of Central Bank Digital Currency, says IMF
A synthetic Central bank digital currency (CBDC) could create new pathways for innovation according to a senior member of the International Monetary Fund (IMF).
Central Banks Could Monopolize Commercial Banking Sector via CBDC, Says Federal Reserve
A new working paper from the Federal Reserve Bank of Philadelphia indicates that the development of a central bank digital currency (CBDC) may create a fundamental shift in the way banks operate.
The Future of the Financial Sector Will Rely on Blockchain, Says Singapore’s Fintech Chief
Sopnendu Mohanty, the Chief Fintech Officer of the Monetary Authority of Singapore (MAS) spoke at a panel at Blockshow Asia 2019 held at the Marina Bay Sands Convention Center last week. In his panel on the topic of: “All that fintech with a layer of blockchain,” he explains the MAS’ role for blockchain adoption in Singapore and in Asia.
First Private Bank Joins Turkish Digital Asset Blockchain Network
Garanti BBVA, the second-largest private bank in Turkey with $104 billion of consolidated assets has confirmed that it will be the first and only private bank joining the Turkish Digital Asset Blockchain Network.
India Plans to Ban Private Cryptos like Bitcoin in Favor of National Cryptocurrency
India plans introducing a new bill to ban private cryptocurrencies as well as introduce a national digital currency.
Revenue from MicroStrategy’s $600M Private Offering Will Be Used to Buy Even More Bitcoin
MicroStrategy will host a $600M private offering and the revenue will be used to buy more Bitcoin.
UK Treasury Drafting Private Stablecoin Regulations and Researching CBDC with BoE
The United Kingdom’s Treasury Department has announced it is drafting private stablecoin regulation while it continues central bank digital currency (CBDC) research.
Google Privacy Lawsuit: Google Chrome Incognito Records and Shares Private User Data
Google is being sued in a class-action lawsuit, filed on June 2, for the invasion of privacy and sharing users' data, even when they are browsing in private mode.
Colombian Ministry of Information Technology Prioritize Public Sector Blockchain and Crypto Payment Solutions
The Colombian Ministry of Information Technology and Communications (MinTIC) believes blockchain and DLT solutions could benefit its public sector.