The HKMA will also develop common standards by forming an “architecture community”, which has already attracted interest from some of the largest banks and technology companies, such as HSBC, Standard …
“Building on the success and experience of phase 1, the next phase will delve deeper [to explore] where an e-HKD could add unique value, namely programmability, tokenisation and atomic settlement,” …
Rather than take drastic action to silo China from the US and insulate its economy from what already looked like a ticking time bomb, Wang promised his old friend the …
“We’re calling it Project Ensemble” internally, to conjure a group of items working together, Lee said at a press conference on Thursday. “We hope it will play beautifully, like music.” …
Central banks around the world have been pivoting towards innovating future types of money on digital networks, aligning with the “unified ledger” vision that the Bank for International Settlements (BIS) …
Regulators in three of the biggest financial markets in Asia said they welcome tokenised securities – traditional investment products like stocks, bonds and mutual funds that use distributed ledger technology- …
Two thirds of these funds are in the EU with most of that held by Belgium’s clearing house Euroclear. So far, only taxes on the assets in Belgium have been …
Yet, since the start of this year, doubts have crept in about the Fed’s ability and willingness to loosen policy significantly. The uncertainty stems from deeper concerns about a costly …
High interest rates are likely to be around for some time, hampering economic growth, as central banks around the world battle to bring down inflation, a financial conference heard. “The …
Governments and central banks should step up the adoption of central bank digital currencies (CBDCs) to improve cross-border payments, which are currently “expensive, slow and available to few”, said Kristalina …