Search Results for "settlement acceleration"
Japan Will Include Central Bank Digital Currency in Honebuto Economic Plan
The Japanese Government has continued its acceleration towards a Central Bank Digital Currency (CBDC) and is set to include its consideration in its formal economic plan.
Singapore to Pump $8.9 Million Into National Blockchain Ecosystem
The Singaporean government has deployed a US$ 8.9 million national blockchain initiative dubbed the Singapore Blockchain Innovation Program (SBIP).
Tencent Gets Green Light for Blockchain-Enabled Invoice Standard
Tencent, a Chinese internet giant, has been given the go-ahead by China’s State of Administration of Taxation to generate a draft for a blockchain-powered invoice standard.
Blockchain Daily Digest – November 5th, 2019
After some three years of work, Liechtenstein has introduced what some have described as the world’s first blockchain business law (the Lichtenstein Token and Trusted Technologies Law’) which will go into effect in January 2020.
Jennifer Robertson to Pay $12 Million CAD in Quadrigacx Settlement
The death of Gerald Cotten, founder of Quadrigacx, a once reputable cryptocurrency exchange in Canada took the world by surprise. More surprising is the position taken by his widow, Jennifer Robertson, who will liquidate personal assets to cover customers' losses.
MAS Announces Project Ubin’s Successful International Settlement Network in its Final Phase Report
The Monetary Authority of Singapore (MAS) and government-owned conglomerate Temasek released the final report of the Singaporean CBDC project, Project Ubin. The report is the fifth and final phase of Project Ubin, Singapore’s blockchain-based multi-currency payments network prototype that was built for the financial industry and blockchain ecosystem.
Chinese Bank Issues the First Asset-Backed Commercial Paper in China on Blockchain
China Zheshang Bank, based in Zhejiang province has leveraged blockchain technology to issue the country’s first asset-backed commercial paper in the Chinese financial market. China Zheshang Bank successfully issued the “Lianxin 2020 Lianjie First Phase Asset-backed Commercial Paper,” which was worth 120 billion yuan ($16.93 billion). The asset-backed commercial paper (ABCP) was issued as a part of the National Association of Financial Market Institutional Investors’ (NAFMII) pilot project. ABCPs are short-term investments issued by financial institutions to support companies in their short-term goals.
ASX Delays Blockchain-Based CHESS Replacement to April 2023
The Australian Securities Exchange has delayed the blockchain replacement for its CHESS settlement system for financial products, until April 2023.
India IT Tech Firm Partners with Local Government to Introduce Blockchain Acceleration
Huge development talks originating from Pune City, shows that India IT services firm Tech Mahindra recently introduced the T-block Accelerator, the maiden accelerator program for the Telangana Blockchain District in partnership with the state government and IBC Media, an innovative management company.
China’s Central Bank Accelerates R&D of its Legal Digital Currency
People's Bank of China, the Central Bank of China made an announcement of the acceleration of the development of its legal digital currency.
China’s Central Bank Official Urges the Acceleration of Digitization of the Chinese Economy with Blockchain
China’s central bank, the People’s Bank of China (PBoC) Financial Technology Committee held its first meeting of the year this week, after months of delay due to the coronavirus pandemic. Fan Yifei, the PBoC’s deputy governor echoed President Xi Jinping’s call for the acceleration of the country’s blockchain development adoption. The president pointed out that it is necessary to strengthen fundamental research of blockchain technology and enhance innovation, enabling China to take a leading position in the blockchain field. The bank’s deputy governor met with the central bank’s officials as well as the heads of their affiliated financial institutions. Fan emphasized the importance of blockchain and financial technology (FinTech) industries and wanted to ensure China’s adoption plan would be laid out and implemented by 2021 to be in line with the deadline they have set out.
Australia Securities Exchange Moves For Blockchain Technology, CHI-X Calls For More Regulatory Supervisions
Australia Securities Exchange (ASX) plans to switch to distributed ledger technology by April 2021, replacing its clearing system, registry, and settlement with the technology for the sole purpose of cutting costs for customers.