Caribbean Central Bank Explores Issuing Its Own Digital Coin

caribbean central bank explores issuing its own digital coin

Altcoins A growing number of governments and central banks around the world are looking to the possibility of issuing their own digital coins these days. The latest financial institution to join this trend is the Caribbean central bank of Curaçao and Sint Maarten. Also Read: Crypto Cafe and Coworking Space ‘Hash House’ Established in Xi’an, China Crypto Guilder Centrale Bank van Curaçao en Sint Maarten (CBCS), the central bank for the Netherlands Antillean guilder, is set to explore the feasibility of issuing a digital guilder to facilitate financial payments within…

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Blockchain Startup Signs MOU With Central Bank of Curaçao and Sint Maarten

blockchain startup signs mou with central bank of curacao and sint maarten

Barbados-based fintech startup Bitt Inc. has signed a Memorandum of Understanding (MOU) with the Central Bank of Curaçao and Sint Maarten (CBCS) to research the possibility of issuing a digital guilder, according to an August 12 press release. The parties signed the MOU in order to develop a central bank digital currency to facilitate financial payments within the monetary union of Curaçao and Sint Maarten. Per the announcement, the bank is looking to “reduce the level of cash usage within the monetary union” and facilitate “more secure, more Anti-Money Laundering…

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Crypto Daily News: World Bank Prepping for Blockchain Bond and Facebook Exec Steps Down from Board at Coinbase

crypto daily news world bank prepping for blockchain bond and facebook exec steps down from board at coinbase

In today’s edition of Crypto Daily News, we’ll cover the World Bank preparing to launch the world’s first blockchain bond and why Facebook executive David Marcus is stepping down from Coinbase. Crypto Daily News: August 10th, 2018 World Bank Blockchain Bond According to CNBC, The World Bank has just made a huge announcement in the crypto space: it has mandated the Commonwealth Bank of Australia to carry out the world’s first blockchain bond. The bond will be called the ‘Kangaroo bond’ and it is referring to the foreign bonds that are…

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World Bank Taps Australia’s CommBank to Issue Its First Blockchain Bond

world bank e1533880082647

The World Bank Group, in partnership with Commonwealth Bank of Australia (CommBank), issued bonds through a block chain. One of Australia's Big Four commercial banks, ComBank, announced on Friday that it had been ordered by the World Bank to issue bonds. Bond issuance is created, transferred and managed through a block-chain platform. . This technology, which has already been developed by CommBank's in-house Blockchain Lab, aims to make key parties in the bond issue process such as investors and banks a participating node in a distributed network. In this way,…

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World Bank Mandates Commonwealth Bank of Australia to Issue Bond Using Blockchain Tech

world bank mandates commonwealth bank of australia to issue bond using blockchain tech

Commonwealth Bank of Australia (CBA), the largest bank in the country, has been mandated by the World Bank to arrange a bond issue exclusively on a blockchain, according to a press release Aug. 10. CBA will reportedly arrange the first bond globally to be “created, allocated, transferred, and managed using blockchain technology.” The Blockchain Offered New Debt Instrument (bond-i) will be issued and distributed on a blockchain platform under the operation of the World Bank in Washington, and CBA in Sydney. The two organizations are using a private Ethereum blockchain,…

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Swiss Bank Maerki Baumann to Become Second in Country to Accept Cryptocurrency Assets

swiss bank maerki baumann to become second in country to accept cryptocurrency assets

The Maerki Baumann private bank will become the second Swiss bank to accept cryptocurrency assets, financial news outlet International Investment reports August 6. The private Zurich bank has decided to accept crypto assets from payments received for services rendered, as well as those earned from crypto mining, as a response to new market demands and the rise of cryptocurrencies’ popularity, International Investment writes. Maerki Baumann noted that they are not ready to provide direct cryptocurrency investments, but will provide “experts” to clients interested in crypto investing. According to their statement,…

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