Founded in 2016, the B3i is a collaboration of 15 global insurers and reinsurers formed to explore the potential of using distributed ledger technologies (DLT) within the industry for the benefit of all stakeholders in the value chain.
The South African Reserve Bank (SARB), the central bank of the country, has released the results of Project Khoka, a proof of concept (PoC) for interbank transfers using Quorum, JP Morgan‘s private, ethereum-based platform.
First announced in February of this year,
UK’s new Cryptoassets Taskforce held its first meeting yesterday and agreed on key objectives.
The Taskforce was first announced in March of this year by Philip Hammond, UK Chancellor of the Exchequer and Second Lord of the Treasury, as part of the government’s FinTech Sector Strategy.
The pilot was conducted on March 23, with participation from Banco Santander Corporate Services as the issuer’s agent and Santander’s blockchain lab.
The Bank of Canada (BoC), the country’s central bank, has announced that the latest “Project Jasper” blockchain trials have demonstrated the feasibility of instantaneous equity settlement through distributed ledger technology (DLT).
Launched in March 2016, Project Jasper is a collaborative research initiative between Payments Canada,
The financial regulators of the Eurasian Economic Union (EAEU) recently discussed key trends and initiatives related to the use of innovative financial technology (FinTech) to develop and promote today’s services across the EAEU.
The regulators of Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan held a Joint Payment Area Working Group meeting,
Singapore’s finance minister Heng Swee Keat said that blockchain technology has the potential to promote financial inclusion in Southeast Asian countries.
Speaking at the 22nd ASEAN Finance Ministers’ Meeting, the finance minister addressed the existing initiative of Singapore’s active blockchain development plans. He said that they will support digital innovations such as financial technology.
The Bank of England (BoE), the UK’s central bank, has announced that it is testing blockchain features for a new Real Time Gross Settlement (RTGS) service.
In 2017, the UK central bank announced its intention to develop a payment service compatible with blockchain technology,
The ECCB is the monetary authority for a group of eight island economies in the Caribbean,
Christine Lagarde, the head of the International Monetary Fund (IMF), said the technology behind cryptocurrencies could also be used to regulate them.
In an IMF blog post on Tuesday, Lagarde said that she believes regulators can use blockchain technology to regulate bitcoin and other cryptocurrencies and prevent them from being used in connection with money laundering and other financial crimes.