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In a sweeping rejection the Central Bank of Tunisia quashed “unfounded” rumors that it had become the first monetary authority to issue a central bank digital currency, asserting instead that an unaffiliated proof of concept project was taken out of context.
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Following rumors about the adoption by the Central Bank of Tunisia (BCT) of a digital money solution and its commitment with a foreign company for the implementation of this solution, the BCT refutes all these allegations and unfounded information.
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China’s proposed central bank digital currency is not a bid to gain full control of information belonging to the general public, according to the PBOC’s Mu Changchun. The aim is to find the right balance between the ‘controllable anonymity’ and financial integrity requirements.
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Today an MOU was signed between the subsidiaries of Hong Kong Interbank Clearing Limited and Institute of Digital Currency of the PBoC to conduct a Proof-of-Concept trial, which aims to connect eTradeConnect1 and the PBoC Trade Finance Platform.
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As a follow-up to the MoU signed between the HKMA and the Bank of Thailand in May 2019, the two authorities are conducting a joint research project named Project LionRock-Inthanon to study the application of Central Bank Digital Currency (CBDC) to cross-border payments, with a view to facilitating HKD-THB payment-versus-payment (PvP) among banks in Hong Kong and Thailand. A joint report is scheduled to be released in Q1 2020.
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The Bank of Thailand launched the Project Inthanon and Project DLT scripless bond initiatives in 2018. Project Inthanon is a proof-of-concept for wholesale domestic and cross-border funds transfer using central bank digital currency. The Project DLT scripless bond is an initiative to increase efficiency for the saving bond registration and sales processes.
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Facebook is launching Facebook Pay to facilitate payments across its Facebook, Messenger, Instagram, and WhatsApp apps. It’s built on existing financial infrastructure and partnerships, and will be separate from Calibra and Libra network.
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Derivatives exchange CME Group has announced it will launch options on its bitcoin futures contracts in January. As long as it gets the green light from regulators, the options will go live on Jan. 13, 2020.
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Ant Financial has started testing its Ant Blockchain Open Alliance enterprise blockchain platform. The platform aims to support small and medium-sized businesses by allowing them to cut costs and expand their reach.tags: Fintech Blockchain
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Digital transactions in India increased by 55% last year, compared with 48% in China and 23% in Indonesia. By comparison, cashless payments grew about 10% in the UK, a developed market where card transactions are already entrenched.tags: Fintech PaymentSystems
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Cryptocurrency data provider CoinMarketCap has launched a new metric dubbed “Liquidity,” aiming to combat fake trading volumes. The new metric replaces “Volume” and serves as the default standard for ranking cryptocurrency pairs and exchanges on its website.
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Cyber risk rating firms are helping companies keep track of the cyber resilience of their vendors. Firms such as SecurityScorecard and RiskRecon offer a cyber score based on information scraped from the internet. These services can be integrated into firms’ vendor vetting processes to continuously monitor third and fourth parties, bypassing costly site visits and questionnaires.
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Binance became the first crypto exchange to implement the fiat gateway of stablecoin operator Paxos. The Paxos Fiat Gateway allows its users to swap between dollars and stablecoins on a one-to-one basis.