News with the tag "Distributed ledger tech"

The European Central Bank (ECB) said it is looking to develop a way of settling distributed-ledger technology (DLT) transactions with fiat currency as it expands its work on the key feature that underpins the blockchain and cryptocurrencies. The bank plans a two-stage approach to using the technolog...

The Hong Kong Monetary Authority (HKMA) unveiled its “Supervisory Incubator for Distributed Ledger Technology” (DLT) on January 8, marking a significant step toward integrating blockchain innovation into the financial sector. The initiative aims to enable banks to safely adopt DLT, fostering efficie...

The Nigerian Securities and Exchange Commission (SEC) has granted “approval-in-principle” to Busha Digital and Quidax Technologies, the first digital asset exchanges to operate in the country. Additionally, four digital asset offering platforms and one custodian have been admitted to the regulatory ...

To mitigate risks associated with public blockchain networks, the paper proposed appointing an entity with the authority to "control and limit access" to cryptocurrency assets.

The BOE is considering applying DLT to its existing settlement system and introducing a wCBDC.

On July 25, 2024, Slovenia issued its first digital bond, marking a significant milestone as the first EU sovereign and one of the earliest worldwide to do so. The bond issuance occurred under the European Central Bank’s (ECB) wholesale central bank money settlement experimentation program. The sett...

The new participants in the European Central Bank’s DLT tests include major financial institutions.

The European Commission’s selection of Iota’s Web3 ID solution highlights the solution’s potential to revolutionize KYC processes using distributed ledger technology and tokenization on a mass scale.

The small country on the Arabian Peninsula sees CBDC as part of its national development strategy.

On Thursday, Singapore’s Marketnode, a digital market infrastructure operator, secured funding for its Series A financing round led by HSBC, the British multinational universal bank and financial services group. The exact amount raised during the Series A funding was not disclosed. HSBC Joins Forces...