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” DeFi, Web3, CBDC still unknown for most: Survey “ A new survey by polling agency Morning Consult found that fewer than one third of ordinary Americans have heard of DeFi compared with 77% of crypto owners. Considering that about 87% or 290.9 million Americans did not yet own crypto through 2021 according to Statista,…
” From taxes to electricity, blockchain adoption is growing in Austria “ Austria has been actively transforming into an attractive location for providers of blockchain-based products, with the government itself experimenting with the technology and trying to create a legal basis upon which companies can use it. With regard to blockchain-based applications in the economy,…
” MIT adds the Bank of England to its stable of CBDC digital currency research partners “ The Bank of England announced Friday that it had reached an agreement with the Massachusetts Institute of Technology Media Lab Digital Currency Initiative, or DCI, on a joint twelve-month research project on Central Bank Digital Currency, or CBDC….
” BIS joint pilot: Institutions can use CBDCs for international settlements “ Bank of International Settlement (BIS) Innovation Hub has completed an experimental central bank digital currency (CBDC) platform pilot for international settlement with the central banks of Australia, Malaysia, Singapore and South Africa. The multi-national experimental CBDC project, dubbed Project Dunbar, has been developed to…
” Qatar exploring digital banks and central bank digital currencies “ The Qatar Central Bank (QCB) is reportedly investigating the possibility of launching a digital currency and issuing digital bank licenses. According to the head of the fintech section at QCB, Alanood Abdullah Al Muftah, the central bank is expected to set a direction for…
” Russia’s central bank goes to war: Is cryptocurrency a friend or foe? “ In January 2022, the Central Bank of Russia (CBR) proposed a number of measures aimed at curtailing the country’s cryptocurrency market, which included a blanket ban on the use and mining of all cryptocurrencies. It pointed out risks posed by the…
” Web3 will be key to the future of China’s internet, says security regulator “ The director of the Science and Technology Supervision Bureau of China’s Securities Regulatory Commission Yao Qian has called for a special focus on Web3, deeming it to be the future of the internet. Yao published an article titled “Web 3.0: A New…
” Bank of Canada collaborating with MIT on CBDC research “ The Bank of Canada has partnered with the Massachusetts Institute of Technology (MIT) to work on a 12 month research project focused on the design of a Central Bank Digital Currency. According to a March 16 announcement, the bank will work alongside the MIT…
” Blockchain Association policy head: US shouldn’t compete with China’s CBDC using surveillance tools “ Jake Chervinsky, head of policy at crypto advocacy group the Blockchain Association, said the United States should be careful to avoid a “totalitarian nightmare” in its potential launch of a central bank digital currency, or CBDC. Speaking at Austin’s SXSW…
” Bitcoin well positioned to help governments create cheaper CBDCs: Deloitte “ A new study from financial services giant Deloitte highlighted the potential of Bitcoin (BTC) as a base to create a cheaper, faster and more secure ecosystem for electronic fiat currency or central bank digital currency (CBDC). Deloitte’s analysis, titled State-Sponsored Cryptocurrency, pointed out…