# Gold-as-a-currency: Kinesis launches blockchain-backed monetary system in Indonesia

# Gold-as-a-currency: Kinesis launches blockchain-backed monetary system in Indonesia

“# Gold-as-a-currency: Kinesis launches blockchain-backed monetary system in Indonesia ” Kinesis, a gold-backed monetary system based in the Cayman Islands, has launched a Sharia-compliant version of its product in Indonesia, setting the stage for wider acceptance of its blockchain solution in the world’s largest Muslim-population country.  The product, PosGO Syariah, is described as the first…

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# Sweden’s central bank completes first phase of digital currency pilot

# Sweden’s central bank completes first phase of digital currency pilot

“# Sweden’s central bank completes first phase of digital currency pilot ” After completing the first phase of its digital currency pilot project, Sveriges Riksbank has found some critical issues that must be addressed before Stockholmers can buy coffee and kanelbullar with e-krona. In a recent study, Sweden’s central bank presented the first results of its central bank…

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# Indian IT giant Tech Mahindra to launch stablecoin tool for banks

# Indian IT giant Tech Mahindra to launch stablecoin tool for banks

“# Indian IT giant Tech Mahindra to launch stablecoin tool for banks ” Indian multinational technology firm Tech Mahindra is developing a new stablecoin service targeting banks and financial institutions. The tech giant announced Monday that it has entered into an agreement with Dutch blockchain application incubator Quantoz to launch a “stablecoin-as-a-service” tool to reduce…

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