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Central Bank of Chile Governor Mario Marcel: “CBDC does not necessarily need blockchain… When a Central Bank issues its currency,either in physical or digital format, trust should be a given. Also is far from obvious that all market participants should have access to sensitive information such as all transactions in which the CBDC was used.
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The VERDAD Act (Senate Bill 1025) will ban US citizens, permanent residents and organizations from buying, holding, trading or spending the Venezualan Petro. The implications for this could be huge because any crypto-asset could be inserted into this language.
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Legal & General, a British multinational financial services company, recently announced what it claims is the first blockchain system for bulk pension deals. The company said in the report that it would be using Amazon Web Services’ (AWS) blockchain system to manage and record bulk annuities for its insurance business.
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With the right legal framework, Committed Settlement can give you the ability to create, record, notify and/or perfect security interests (depending on the jurisdiction) in a fraction of a millisecond – and with minimal cost. With these efficiencies, it may change the way we approach bankruptcy proceedings, collateral and risk management – if not all financial transactions in general
Kiffmeister’s Fintech Daily Digest 09/14/2019
