Amid the digital euro's preparation phase, the ECB is trying to get support from future users and commercial structures by publishing encouraging materials.
Concerns are growing that central banks are beginning to roll out products and services that directly compete with the private sector—and critics say this could cause big problems.
Concerns are growing that central banks are beginning to roll out products and services that directly compete with the private sector—and critics say this could cause big problems.
Amid the digital euro's preparation phase, the ECB is trying to get support from future users and commercial structures by publishing encouraging materials.
Swift, which has long been international banking’s preferred cross-border payments messaging system of choice, has published the results of an investigation into connecting traditional banks to the myriad of blockchain choices in order to leverage tokenized assets.
Better late than never… The launch of the Federal Reserve’s FedNow service later this month will bring 24/7/365 instant payments to the U.S. banking system, making it the last major global economy to officially implement such functionality.
The two companies and a third unnamed global tier 1 bank carried out the repurchase agreement transactions on Broadridge’s Distributed Ledger Repo platform. The functionality enhances the possibilities for intraday liquidity management.
The bankers are finally coming around to the fact that blockchain technology is a far more efficient vehicle for the transfer of wealth. So now they’re trying to come up with ways to stop that wealth from transferring away from them.
This was a challenging week for Credit Suisse’s top managers and its public relations department: they had to deal with media attacks on their financial standing that predicted a coming collapse for the bank. Now, the media seems to be divided on this issue.
It is hard to say
