Singapore tests blockchain digital currency system for banks

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Singapore will launch a new electronic payment system using blockchain, the technology behind the cryptocurrency Bitcoin, the city-state’s central bank chief said Wednesday. The Singapore stock exchange and eight banks will take part in the pilot project, which includes payment between banks, said
Continue reading “Singapore tests blockchain digital currency system for banks”

Singapore tests blockchain digital currency system for banks

Singapore tests #blockchain digital currency system for banks   #ResidualBitcoin

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  • The Singapore stock exchange and eight banks will take part in the pilot project, which includes payment between banks, said Monetary Authority of Singapore (MAS) chief executive Ravi Menon at the Singapore Fintech Festival.
  • During the pilot phase, banks will be able to purchase a virtual currency regulated by the MAS, which can then be used for an inter-bank payment.
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Singapore will launch a new electronic payment system using blockchain, the technology behind the cryptocurrency Bitcoin, the city-state’s central bank chief said Wednesday. The Singapore stock exchange and eight banks will take part in the pilot project, which includes payment between banks, said
Continue reading “Singapore tests blockchain digital currency system for banks”

Singapore tests blockchain digital currency system for banks

  • Singapore will launch a new electronic payment system using blockchain, the technology behind the cryptocurrency Bitcoin, the city-state’s central bank chief said Wednesday.
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Singapore will launch a new electronic payment system using blockchain, the technology behind the cryptocurrency Bitcoin, the city-state’s central bank chief said Wednesday. The Singapore stock exchange and eight banks will take part in the pilot project, which includes payment between banks, said
Continue reading “Singapore tests blockchain digital currency system for banks”

Singapore to launch blockchain project for interbank payments

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‘Singapore to launch blockchain project for interbank payments’ on Yahoo India Finance. Singapore’s central bank on Wednesday said it will launch a pilot project with the country’s stock exchange and eight local and foreign banks to use blockchain technology for interbank payments including cross-border foreign currency transactions. “Under the pilot system banks will deposit cash as collateral with the MAS in exchange for MAS-issued digital currency,” Menon said.
Continue reading “Singapore to launch blockchain project for interbank payments”

Is red tape holding back the financial tech industry in Canada?

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  • “It’s actually regulation that is holding back a lot of this innovation,” Sharma said.
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The Bank of Canada is experimenting with “regulatory sandboxes” to promote innovation, but venture capitalist Ray Sharma says that regulation is holding Canada’s financial technology industry back.
Continue reading “Is red tape holding back the financial tech industry in Canada?”

Mark Carney’s biggest speech of the year is going to be about fintech and the technology behind bitcoin

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  • Distributed ledger technology, which Carney also singled out, is the area of fintech that traditional banks are most excited about.
  • Bank of England Governor Mark Carney’s biggest speech of the year will be about fintech and blockchain technology, he revealed on Tuesday.
  • The Governor said: “My speech will be about aspects of fintech and distributed ledger technologies and it actually starts to shift into…
  • Mark Carney’s biggest speech of the year is going to be about fintech and the technology behind bitcoin

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@BitcoinNooz: “Mark Carney’s biggest speech of the year is going to be about fintech and the technology behind bitcoin – #bitcoin”


‘Mark Carney’s biggest speech of the year is going to be about fintech and the technology behind bitcoin’ on Yahoo Finance UK. Bank of England Governor Mark Carney’s biggest speech of the year will be about fintech and blockchain technology, he revealed on Tuesday. Carney was questioned by MPs on the Treasury Select Committee over his upcoming Mansion House speech to top bankers and City of London officials in early June.


Mark Carney’s biggest speech of the year is going to be about fintech and the technology behind bitcoin